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GoldON Acquires Hagarty Creek Lithium Pegmatite Prospect in the Quetico Subprovince of Ontario

Victoria, British Columbia--(Newsfile Corp. - May 11, 2023) - GoldON Resources Ltd. (TSXV: GLD) ...

articleGold Finder Resources Ltd.May 11, 20235/company/goldon-resources-ltd/news/goldon-acquires-hagarty-creek-lithium-pegmatite-prospect-in-the-quetico-subprovince-of-ontario
GoldON Acquires Hagarty Creek Lithium Pegmatite Prospect in the Quetico Subprovince of Ontario

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[{"type":"text","content":"GoldON Acquires Hagarty Creek Lithium Pegmatite Prospect in the Quetico Subprovince of OntarioVictoria, British Columbia--(Newsfile Corp. - May 11, 2023) - GoldON Resources Ltd. (TSXV: GLD) (\"GoldON\" or the \"Company\") is pleased to announce that it has entered into an option agreement to acquire a 100% interest in the Hagarty Creek lithium property (the \"Property\").Comprised of 17 mining claims covering 7,731 hectares, the Property is approximately 46 kilometres (km) southeast of the town of Longlac in the municipality of Greenstone, Ontario. Access is excellent year-round via Trans-Canada Highway 11, Ontario Highway 625, and a network of logging roads that cover the claim group. Location of the Hagarty Creek Property within the Quetico Subprovince. To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/7436/165677_c2fccb1244e30acd_001full.jpgThe Property lies within the Quetico Subprovince of the Superior Province, which is known to host significant deposits of rare-element pegmatite-hosted mineralization. Lithium is a rare element, and the Georgia Lake pegmatite field, with its numerous lithium deposits and occurrences, lies within the Quetico Subprovince.According to Ontario Geological Survey (OGS) mapping, the Property hosts an S-type peraluminous muscovite-bearing granite. These types of granites are the parental fertile rocks that fractionate rare-element pegmatite-hosted mineralization. The peraluminous granite is in contact with clastic metasediments. These are excellent hosts for rare element fractionation and volatile enrichment of pegmatite dykes. There are multiple north trending faults on the Property that provide fracture systems and pathways needed for parental melts to invade metasediments (Breaks et al., 20031).Mapping by the OGS (Map 40f) to the northeast of the Property has identified pegmatites hosting muscovite, tourmaline, apatite, and cordierite in and around a similar geological environment as the Property. Apparently, the OGS mapping did not extend to the location of the claim group. \"A key reason we are pursuing the Hagarty Creek property is the extensive network of logging roads. They not only provide access but are also indicative of significant outcrop exposure, which is well supported by Google Earth imagery,\" said Mike Romanik, president of...

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