GoldON Reports Drill Results from Its West Madsen Gold Project in Ontario's Red Lake Camp
GoldON Resources has reported final assays from its 2024 drilling program at the West Madsen gold property in Ontario's Red Lake Camp. The program completed 1,828.42 metres across five diamond drill holes, revealing an anomalous gold zone spanning over 1.4 kilometres in strike length. Notable results include 0.85 g/t Au over 9.44m including 2.04 g/t Au over 2m in hole WM-24-05, and copper mineralization of 0.20% Cu over 13.41m in hole WM-24-04. The property's eastern boundary is located 5km from the Madsen gold mine and mill complex owned by West Red Lake Gold Mines.
GoldON Resources ha riportato gli ultimi risultati delle analisi del suo programma di perforazione 2024 presso la proprietà aurifera West Madsen nel Red Lake Camp in Ontario. Il programma ha completato 1.828,42 metri attraverso cinque perforazioni con diamante, rivelando una zona aurifera anomala che si estende per oltre 1,4 chilometri in lunghezza. I risultati notevoli includono 0,85 g/t Au su 9,44m, di cui 2,04 g/t Au su 2m nel foro WM-24-05, e mineralizzazione di rame di 0,20% Cu su 13,41m nel foro WM-24-04. Il confine orientale della proprietà si trova a 5 km dalla miniera d'oro e dal complesso di lavorazione Madsen, di proprietà della West Red Lake Gold Mines.
GoldON Resources ha informado sobre los últimos ensayos de su programa de perforación 2024 en la propiedad de oro West Madsen en el Campamento Red Lake de Ontario. El programa completó 1,828.42 metros a través de cinco perforaciones de diamante, revelando una zona anómala de oro que se extiende por más de 1.4 kilómetros en longitud. Los resultados notables incluyen 0.85 g/t Au sobre 9.44m, incluyendo 2.04 g/t Au sobre 2m en el orificio WM-24-05, y mineralización de cobre de 0.20% Cu sobre 13.41m en el orificio WM-24-04. El límite oriental de la propiedad se encuentra a 5 km de la mina y el complejo de procesamiento de oro Madsen, propiedad de West Red Lake Gold Mines.
GoldON 리소스는 온타리오의 레드 레이크 캠프에 위치한 웨스트 매드센 금 자원의 2024년 시추 프로그램의 최종 분석 결과를 보고했습니다. 이 프로그램은 다이아몬드 시추 구멍 5개에서 총 1,828.42 미터를 완료하였으며, 1.4킬로미터에 걸쳐 뚜렷한 금광존을 드러냈습니다. 주목할 만한 결과로는 WM-24-05 구멍에서 9.44미터에 걸쳐 0.85 g/t Au, 2미터에 걸쳐 2.04 g/t Au가 포함되어 있으며, WM-24-04 구멍에서는 13.41미터에 걸쳐 0.20% Cu의 구리 광물화가 관찰되었습니다. 해당 자원의 동쪽 경계는 West Red Lake Gold Mines 소유의 Madsen 금광 및 제련 복합체에서 5km 떨어져 있습니다.
GoldON Resources a rapporté les derniers résultats d'analyses de son programme de forage 2024 sur la propriété aurifère West Madsen dans le camp Red Lake en Ontario. Le programme a complété 1.828,42 mètres à travers cinq carottes de forage au diamant, révélant une zone aurifère anormale s'étendant sur plus de 1,4 kilomètre en longueur. Les résultats notables incluent 0,85 g/t Au sur 9,44m, dont 2,04 g/t Au sur 2m dans le trou WM-24-05, et une minéralisation en cuivre de 0,20% Cu sur 13,41m dans le trou WM-24-04. La limite est de la propriété se trouve à 5 km de la mine d'or et du complexe de traitement Madsen, propriété de West Red Lake Gold Mines.
GoldON Resources hat die letzten Analysen seines Bohrprogramms 2024 im West Madsen Goldgebiet im Red Lake Camp in Ontario veröffentlicht. Das Programm umfasste 1.828,42 Meter durch fünf Diamantbohrungen und offenbarte eine anomal goldhaltige Zone, die sich über mehr als 1,4 Kilometer erstreckt. Bemerkenswerte Ergebnisse umfassen 0,85 g/t Au über 9,44m, einschließlich 2,04 g/t Au über 2m im Bohrloch WM-24-05, sowie Kupfermineralisation von 0,20% Cu über 13,41m im Bohrloch WM-24-04. Die östliche Grenze des Grundstücks befindet sich 5 km von der Madsen Goldmine und dem Verarbeitungscomplex, der im Besitz von West Red Lake Gold Mines ist.
- Discovery of an extensive anomalous gold zone with 1.4km strike length
- Significant copper mineralization found (0.20% Cu over 13.41m including 1.93% Cu over 0.37m)
- Best gold intercept of 2.04 g/t Au over 2m within broader mineralized zones
- Generally low-grade gold mineralization across most intersections (mostly below 1 g/t Au)
- Gold mineralization source remains unclear, requiring further investigation
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. - November 7, 2024) - GoldON Resources Ltd. (TSXV: GLD) (the "Company") has received final assays for the recently completed exploration drilling program at its
Figure 1: 2024 West Madsen drill hole collar locations and traces.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7436/229103_c60d8b5d843e1a52_0001full.jpg
A total of 1,828.42 metres (m) of diamond drilling was completed over five holes in September.
| Drill Hole # | Easting | Northing | Elevation (mASL) | Azimuth | Dip | Total Depth (m) |
| WM-24-01 | 429921 | 5643737 | 421 | 160 | -45 | 396 |
| WM-24-02 | 430243 | 5643617 | 425 | 170 | -45 | 521.42 |
| WM-24-03 | 430668 | 5643680 | 428 | 180 | -45 | 222 |
| WM-24-04 | 431176 | 5643666 | 427 | 185 | -45 | 282 |
| WM-24-05 | 429787 | 5643486 | 421 | 340 | -60 | 407 |
| Coordinates in NAD83 datum Zone 15. | Elevation in metres above sea level. | |||||
Table 1: Drill hole statistics from the 2024 West Madsen drill program.
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 grams per tonne (g/t) gold (Au) over 195 metres (m) including 0.51 g/t Au over 10.90 m.
Test the granodiorite intrusive body along strike to the east towards the New Mallen gold occurrence.
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.
The drill program was designed to test the strike extents of the mineralized granodiorite to the east and west of WM-21-22. The interpretation of drilling and surface mapping from earlier in 2024 determined that stratigraphy was dipping steeply to the north and as a result, drill holes proposed for this program were oriented to drill opposite to that of WM-21-22, from north to south. This was accomplished in holes WM-24-01 through -04 but was impossible in WM-24-05 due to inaccessibility.
The final assay results demonstrate an anomalous gold zone which now encompasses a total strike length of over 1.4 kilometres. Interestingly, results from WM-24-05 returned gold not just from the granodiorite (0.28 g/t over 15 metres) but also in highly silicified metasediments that are in contact with the hanging wall of the granodiorite (0.85 g/t Au over 9.44 m including 2.04 g/t Au over 2m). Since gold has not been visibly identified in the core, the modality of this gold, whether it is occurring in the wall rock or veins is unclear. Further inspection of the core with the assay results, detailed sampling and analysis of vein paragenesis should all aid in determining the source of this extensive anomalous gold footprint.
As this drilling program focused on rocks of the Confederation Assemblage, holes WM-24-03 and WM-24-04, the two most easterly holes, also drilled south, intersected ultra mafic flows believed to belong to the Balmer Assemblage. The Balmer Assemblage ultra mafic rocks are host to the current and past gold producing mines of the Red Lake Gold Camp. The ultra mafic volcanic flows in holes WM-24-03 and WM-24-04 were fine grained, black with a strong biotitic groundmass. Interestingly, this unit contained foliation controlled fine wisps and seams of predominantly chalcopyrite with subordinate pyrite over multiple sections 10-20 centimeters wide. Hole WM-24-04 returned
Drill hole WM-24-02 was planned to investigate the potential for folded stratigraphy as interpreted from the surface geophysics. Repeated lithologies were not intersected and as such the source of this geological signature is still unknown.
| Drill Hole | From (m) | To (m) | Width (m)* | Au (g/t) | Cu (%) | Lithology | |
| WM-24-01 | 136.17 | 147.60 | 11.43 | 0.200 | Granodiorite | ||
| WM-24-04 | 216.95 | 230.46 | 13.51 | n/a | 0.20 | Ultramafic | |
| WM-24-04 | including | 225.00 | 226.00 | 1.00 | 0.419 | 0.94 | Ultramafic |
| WM-24-04 | and including | 225.63 | 226.00 | 0.37 | 0.690 | 1.93 | Ultramafic |
| WM-24-05 | 33.00 | 45.00 | 12.00 | 0.250 | Granodiorite | ||
| WM-24-05 | 123.00 | 138.00 | 15.00 | 0.278 | Granodiorite | ||
| WM-24-05 | 265.00 | 285.44 | 20.44 | 0.539 | Metasediments | ||
| WM-24-05 | including | 276.00 | 285.44 | 9.44 | 0.853 | Metasediments | |
| WM-24-05 | and including | 282.00 | 284.00 | 2.00 | 2.040 | Metasediments | |
| *Widths are drill hole lengths and do not indicate true widths. | |||||||
Table 2: West Madsen 2024 drill core sample assay results with lithologies.
QA/QC Protocol
Drill core samples were cut by diamond saw in Red Lake under supervision of the QP. Blank and standard certified reference material were inserted into the sample sequence at a rate of
The QA/QC results from the drilling program and 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 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 where WRLG expects to restart production in the second half of 2025.
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.
Figure 2: 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
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.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/229103
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