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GoldON Commences Exploration at Springpole East Property in the Red Lake Mining District, Ontario
The Property adjoins First Mining Gold's Springpole Project one of the largest undeveloped gol...
About this update from Gold Finder Resources Ltd.
[{"type":"text","content":"GoldON Commences Exploration at Springpole East Property in the Red Lake Mining District, OntarioThe Property adjoins First Mining Gold's Springpole Project one of the largest undeveloped gold deposits in Canada at 3.8Moz probable reservesVictoria, British Columbia--(Newsfile Corp. - June 28, 2022) - GoldON Resources Ltd. (TSXV: GLD) (\"GoldON\" or the \"Company\") is pleased to announce that the summer exploration program has commenced at its Springpole East property (the \"Property\") in the Red Lake Mining District, Ontario. Figure 1: Regional map showing Springpole East location and GoldON's other projects.To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/7436/129176_5a7dbb3b5437badf_001full.jpgThe 6,674-hectare Property is located within the Birch-Uchi Greenstone Belt of the northern Uchi Subprovince and consists of typical greenstone mafic to felsic volcanic sequences intercalated with clastic and chemical sediments which have been intruded by pre to syn-tectonic felsic to mafic intrusives and syn to post-tectonic mafic to ultra-mafic rocks. While very little is known about the Property's underlying geology, the recently completed heliborne, high-resolution magnetometer (MAG) survey confirmed the area is an extremely active structural environment and preliminary interpretations of the survey data were used to plan the initial fieldwork that will consist of prospecting, mapping, and sampling.Figure 2: Preliminary Interpretation of Springpole East Heliborne MAG Survey over Tilt Angle Derivative.To view an enhanced version of Figure 2, please visit:https://orders.newsfilecorp.com/files/7436/129176_5a7dbb3b5437badf_002full.jpgThe MAG survey was flown at 50-metre flight line spacings for a total of 1,390-line kilometres (km) and preliminary interpretations of the survey data reveal most of the area is affected by linear magnetic features characteristic of alternating sequences of mafic volcanic rocks with sedimentary or intermediate to felsic volcanic rocks, with possibly some intrusive stocks, sills or dykes locally. The strongest anomaly of the survey exceeds 40,000 nanotesla (nT), an amplitude typical of magnetic rich iron formations, and occurs near the northern edge of the block (Figure 3). This anomaly also appears folded in a flattened S-shape denoting F1 possible structure. Stru...