Business

GoldON Commences Next Phase of Fieldwork at its 100%-Owned McInnes Lake Lithium-Pegmatite Prospect

Property covers the McInnes Lake greenstone belt in a similar geological setting to Frontier Lith...

articleGold Finder Resources Ltd.May 30, 20233/company/goldon-resources-ltd/news/goldon-commences-next-phase-of-fieldwork-at-its-100percent-owned-mcinnes-lake-lithium-pegmatite-prospect
GoldON Commences Next Phase of Fieldwork at its 100%-Owned McInnes Lake Lithium-Pegmatite Prospect

About this update from Gold Finder Resources Ltd.

[{"type":"text","content":"GoldON Commences Next Phase of Fieldwork at its 100%-Owned McInnes Lake Lithium-Pegmatite ProspectProperty covers the McInnes Lake greenstone belt in a similar geological setting to Frontier Lithium's Pak Lithium Project located 50 km to the northeastVictoria, British Columbia--(Newsfile Corp. - May 30, 2023) - GoldON Resources Ltd. (TSXV: GLD) (\"GoldON\" or the \"Company\") is pleased to announce that fieldwork has commenced on its 100%-owned McInnes Lake property (the \"Property\") that covers the majority of the McInnes Lake greenstone belt in northwestern Ontario.Fieldwork will consist of mapping and sampling to follow up on the elevated lithium (Li) values newly discovered (50 to 1,126 ppm) in metavolcanic host rocks distributed proximal to the main plutons on the Property that may reflect exomorphic dispersion outwards from exposed and blind pegmatitic granite plutonic centres.Figure 1. Location and scale of the McInnes Lake Property to Frontier Lithium's Pak Project, with McInnes OGS geology.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/7436/167910_0b950ed724f70914_001full.jpgThe goals are to establish if lithium dispersion patterns are present around the McInnes North and Lower Bay fertile granite plutons, attempt to find a bedrock source of the 1,126 ppm Li value, and look for rare element minerals (including holmquistite, beryl, and spodumene) in the plutons and adjacent external pegmatites. Several pegmatite minerals are white and could have been easily overlooked by previous Ontario Geological Survey (OGS) mapping.About the McInnes Lake Property:The underexplored 12,598-hectare Property was originally staked for its deep crustal-scale features and similarities to the Red Lake Camp. GoldON's fieldwork has discovered several new showings that confirm the presence of a fertile peraluminous granite setting. Geological similarities include the E1 fault that is inferred to pass right through the pluton area and may have been a controlling structure for the emplacement of fertile granites, and related lithium-rich pegmatite melts. This is a similar setting to the Pakeagama Lake peraluminous parent granite and derived LCT-petrogenetic family pegmatites located 50 km to the northeast along the Bearhead fault system, where Frontier Lithium1 has delineated NI 43-101 Measured &a...

More updates from Gold Finder Resources Ltd.