GoldON Provides Update on Drilling at its West Madsen Gold Project in Ontario's Red Lake Camp
GoldON Resources (TSXV: GLD) has provided an update on its exploration drilling program at the 100%-owned West Madsen gold property in Ontario's Red Lake Camp. The company completed 1,828.42 metres of diamond drilling over five holes in September. The drilling program aimed to follow up on previous results, investigate a geophysical interpreted fold nose, and test a granodiorite intrusive body along strike.
Key findings include:
- All holes intersected the granodiorite intrusive body with downhole widths up to 57 metres
- Strong to intense alteration and pyrite mineralization were observed in all drill holes
- The strike length of the granodiorite has been traced for over 1.25 kilometres
- Ultramafic flows believed to belong to the Balmer Assemblage were intersected in the two most easterly holes
Logging and sampling of the drill core is in progress, and results will be released once all final assays have been received.
GoldON Resources (TSXV: GLD) ha fornito un aggiornamento sul suo programma di perforazione esplorativa presso il giacimento aurifero West Madsen, di proprietà al 100% nella Red Lake Camp dell'Ontario. La società ha completato 1.828,42 metri di perforazione a diamante su cinque pozzi nel mese di settembre. Il programma di perforazione aveva l'obiettivo di seguire i risultati precedenti, investigare un naso di piega interpretato geofisicamente e testare un corpo intrusivo di granodiorite lungo la strike.
I principali risultati includono:
- Tutti i pozzi hanno intersecato il corpo intrusivo di granodiorite con larghezze lungo la perforazione fino a 57 metri
- Modifiche forti e intense e mineralizzazione da pirite sono state osservate in tutti i pozzi di perforazione
- La lunghezza della strike della granodiorite è stata tracciata per oltre 1,25 chilometri
- Flussi ultramafici, che si ritiene appartengano all'Assemblaggio Balmer, sono stati intercettati nei due pozzi più orientali
La registrazione e il campionamento del nucleo di perforazione sono in corso e i risultati saranno pubblicati non appena saranno stati ricevuti tutti i saggi finali.
GoldON Resources (TSXV: GLD) ha proporcionado una actualización sobre su programa de perforación exploratoria en la propiedad de oro West Madsen, de propiedad 100% en el Campamento Red Lake de Ontario. La compañía completó 1,828.42 metros de perforación diamantina en cinco pozos en septiembre. El programa de perforación tenía como objetivo dar seguimiento a resultados previos, investigar un pliegue interpretado geofísicamente y probar un cuerpo intrusivo de granodiorita a lo largo de la strike.
Los hallazgos clave incluyen:
- Todos los pozos intersectaron el cuerpo intrusivo de granodiorita con anchos de hasta 57 metros a lo largo de la perforación
- Se observaron alteraciones fuertes a intensas y mineralización de pirita en todos los pozos de perforación
- La longitud de la strike de la granodiorita ha sido trazada por más de 1.25 kilómetros
- Flujos ultramáficos que se cree pertenecen a la Assemblage Balmer fueron intersectados en los dos pozos más orientales
La logueo y el muestreo del núcleo de perforación están en progreso, y los resultados se publicarán una vez que se hayan recibido todos los ensayos finales.
GoldON 리소스(TSXV: GLD)가 온타리오의 레드 레이크 캠프에 위치한 100% 소유의 웨스트 매드센 금 채굴지에서 탐사 드릴링 프로그램에 대한 업데이트를 제공했습니다. 이 회사는 9월에 다이아몬드 드릴링을 통해 총 1,828.42미터를 다섯 개의 홀에서 완료했습니다. 드릴링 프로그램의 목표는 이전 결과를 따라가고, 지구물리적으로 해석된 접힘 코를 조사하며, 그라노디오라이트 침투체를 따라 테스트하는 것이었습니다.
주요 발견사항은 다음과 같습니다:
- 모든 홀에서 그라노디오라이트 침투체와의 교차가 이루어졌으며, 하향 폭은 최대 57미터입니다
- 모든 드릴 홀에서 강한 변질과 황철광의 광물이 관찰되었습니다
- 그라노디오라이트의 스트라이크 길이는 1.25킬로미터 이상으로 추적되었습니다
- 발현이 Balmer Assemblage에 속할 것으로 추정되는 초마그네슘암 유동이 두 개의 동쪽 홀에서 교차했습니다
드릴 코어의 로그 및 샘플링이 진행 중이며, 모든 최종 분석 결과가 수신되면 결과가 발표될 것입니다.
GoldON Resources (TSXV: GLD) a fourni une mise à jour sur son programme de forage d'exploration sur la propriété aurifère West Madsen, détenue à 100%, dans le camp de Red Lake en Ontario. La société a complété 1 828,42 mètres de forage diamanté à travers cinq trous en septembre. Le programme de forage visait à suivre les résultats précédents, à enquêter sur un pli interprété géophysiquement, et à tester un corps intrusif de granodiorite le long de la strike.
Les résultats clés comprennent :
- Tous les trous ont intersecté le corps intrusif de granodiorite avec des largeurs allant jusqu'à 57 mètres
- Des altérations fortes à intenses et une minéralisation par pyrite ont été observées dans tous les trous de forage
- La longueur de la strike de la granodiorite a été tracée sur plus de 1,25 kilomètre
- Des flux ultramafiques qui devraient appartenir à l'Assemblage Balmer ont été interceptés dans les deux trous les plus à l'est
La journalisation et l'échantillonnage du carottage sont en cours, et les résultats seront publiés une fois que tous les essais finaux auront été reçus.
GoldON Resources (TSXV: GLD) hat ein Update zu seinem Explorationsbohrprogramm auf dem 100%-eigenen Goldvorkommen West Madsen im Red Lake Camp in Ontario bereitgestellt. Das Unternehmen hat im September 1.828,42 Meter Diamantbohrungen über fünf Löcher abgeschlossen. Das Bohrprogramm hatte das Ziel, frühere Ergebnisse nachzuvollziehen, einen geophysikalisch interpretierten Faltenkopf zu untersuchen und einen granodioritischen Intrusionskörper entlang der Lagerstätte zu testen.
Wichtige Ergebnisse umfassen:
- Alle Löcher kreuzten den granodioritischen Intrusionskörper mit abwärts gerichteten Breiten von bis zu 57 Metern
- Starke bis intensive Alteration und Pyritmineralisierung wurden in allen Bohrlöchern beobachtet
- Die Streichenlänge des Granodiorits wurde über mehr als 1,25 Kilometer verfolgt
- Ultramafische Flüsse, die möglicherweise zur Balmer Assemblage gehören, wurden in den zwei östlichsten Löchern angetroffen
Die Dokumentation und Probennahme des Bohrkerns sind im Gange, und die Ergebnisse werden veröffentlicht, sobald alle endgültigen Analysen eingegangen sind.
- Successful completion of 1,828.42 metres of diamond drilling over five holes
- Intersection of granodiorite intrusive body with significant downhole widths up to 57 metres
- Extension of the granodiorite strike length to over 1.25 kilometres
- Discovery of ultramafic flows potentially belonging to the Balmer Assemblage, which hosts current and past-producing gold mines in the Red Lake Gold Camp
- Assay results are still pending, so no concrete mineralization data is available yet
The eastern boundary of the West Madsen property is a 5 km drive from the Madsen gold mine and mill complex owned by West Red Lake Gold Mines (WRLG)
Victoria, British Columbia--(Newsfile Corp. - October 3, 2024) - GoldON Resources Ltd. (TSXV: GLD) (the "Company") is pleased to provide an update on the exploration drilling program at its
Photo 1: Strong to intense epidote-sericite-potassic-hematite alteration, smoky quartz veining and pyrite mineralization commonly ranging 1
To view an enhanced version of this graphic, please visit:
https://goldonresources.com/images/westmadsen/WM24-03-Box-33-36-13627-153-w.jpg
A total of 1,828.42 metres (m) of diamond drilling was completed over five holes in September.
The objective of the drilling program was threefold:
To follow-up on drill hole WM-21-22 where a granodiorite intrusive body reported 0.16 g/t Au over 195 m including 0.51 g/t Au over 10.90 m.
Investigate a geophysical interpreted fold nose that would provide an important conduit and trap for gold mineralization noted on surface and in the 2021 drill program.
Test the granodiorite intrusive body along strike to the east towards the New Mallen gold occurrence.
Previous drill holes in the target area during 2020 and 2021 were drilled northward within north-dipping stratigraphy. The 2024 drilling campaign aimed at drilling southward, contingent on local topographic relief.
All holes intersected the granodiorite intrusive body with downhole widths up to 57 metres. The granodiorite often displayed strong to intense epidote-sericite-potassic-hematite alteration, smoky quartz veining and pyrite mineralization commonly ranging 1
Photo 2: Strong epidote-sericite alteration in magnetic metasediments with 3
To view an enhanced version of this graphic, please visit:
https://goldonresources.com/images/westmadsen/WM24-01-Bx-57-60-24143-25836m-w.jpg
The intense alteration coupled with pyrite mineralization was intersected in all drill holes in lithologies footwall to the granodiorite. Intensely silicified and pervasive epidote-sericite-potassic-hematite alteration of bedded metasediments and mafic volcanic flows with downhole widths up to 19 metres were also intersected. These units had not been intersected in prior drilling programs. Pyrite mineralization was commonly consistent again ranging from 1
As the recently completed drilling program focused on rocks of the Confederation Assemblage, holes WM24-03 and WM24-04, the two most easterly holes, also drilled southward, intersected ultramafic flows believed to belong to the Balmer Assemblage. The Balmer Assemblage ultramafic rocks are host to the current and past-producing gold mines of the Red Lake Gold Camp. The ultramafic volcanic flows in holes WM24-03 and WM24-04 were fine grained, black with a strong biotitic groundmass returning widths of up to 57 metres downhole. Interestingly, this unit contained foliation controlled fine wisps and seams of predominantly chalcopyrite with subordinate pyrite over multiple sections 10-20 centimetres wide. In these sections, chalcopyrite would exceed
Photo 3: Fine grained biotitic foliated ultra-mafic volcanic rocks with foliation-controlled chalcopyrite dominated mineralization.
To view an enhanced version of this graphic, please visit:
https://goldonresources.com/images/westmadsen/WM24-04-Box-49-52-210-22719m-w.jpg
Logging and sampling of the drill core is in progress and core samples are being submitted on a hole-by-hole basis for analysis. A summary and interpretation of the results will be released once all the final assays have been received.
About the West Madsen Gold Property
Located in the heart of the Red Lake Gold District, the 5,988-hectare Property covers two claim blocks, Block A (east) and Block B (west), that are non-contiguous by less than 100 metres. Block A adjoins the Madsen gold mine property (Photo 4) where West Red Lake Gold Mines (WRLG) expects to restart production in the second half of 2025.
Photo 4: Looking northeast from GoldON's West Madsen property to WRLG's Madsen Gold Mine property.
To view an enhanced version of this graphic, please visit:
https://goldonresources.com/images/westmadsen/WM-BLK-A_WRLG.jpg
The bulk of the mineral resources on the Madsen mine property are hosted in a ~7-km-long gold trend that follows the major crustal break or contact between the Balmer and Confederation assemblages. GoldON has observed the same Balmer-Confederation contact in outcrop ~1.5 kilometres (km) west of the Block A eastern claim boundary and identified it within an ~8-km corridor of disrupted regional magnetics that traverses Block A from the Madsen mine property.
The technical information contained in this news release has been approved by Mike Kilbourne, P.Geo., who is a Qualified Person as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.
About GoldON Resources Ltd.
GoldON is a mineral exploration company focused on discovery-stage properties. Our goal with a property is to add value by defining or redefining the exploration opportunity, maintain ownership control during the value creation phase of discovery, and then source a well-financed partner capable of accelerating discovery, resource definition, and development.
For more information on GoldON and the West Madsen gold project, please visit our website at goldonresources.com. You can also download our investor presentation here and follow us on X (Twitter) here.
ON BEHALF OF THE BOARD
Signed "Michael Romanik"
Michael Romanik, President
GoldON Resources Ltd.
Direct line: (204) 724-0613
Email: info@goldonresources.com
179 - 2945 Jacklin Road, Suite 416
Victoria, BC, V9B 6J9
This news release may contain "forward-looking statements" that involve known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events, or results or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/225376
FAQ
What were the main objectives of GoldON's drilling program at the West Madsen gold property?
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What significant geological features did GoldON encounter during the drilling program?
When can investors expect to see the assay results from GoldON's West Madsen drilling program?
