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GoldON Commences Target Development for Next Phase of Drilling at West Madsen Gold Project in Red Lake, Ontario
West Madsen's eastern property boundary is a 5 km drive from the Madsen mine and mill complex now...
About this update from Gold Finder Resources Ltd.
[{"type":"text","content":"GoldON Commences Target Development for Next Phase of Drilling at West Madsen Gold Project in Red Lake, OntarioWest Madsen's eastern property boundary is a 5 km drive from the Madsen mine and mill complex now owned by West Red Lake Gold MinesVictoria, British Columbia--(Newsfile Corp. - December 4, 2023) - GoldON Resources Ltd. (TSXV: GLD) (\"GoldON\" or the \"Company\") is pleased to announce it has commenced target development in preparation for the next phase of exploration drilling at the 100%-owned West Madsen gold property (the \"Property\"). Located in the heart of the Red Lake Gold District, the 5,988-hectare Property covers two distinct claim blocks, Block A (east) and Block B (west), that are non-contiguous by less than 100 metres. Both blocks can be accessed from secondary roads that connect to Ontario HWY 618 and the town of Red Lake located approximately 15 kilometres (km) to the northeast (Property location map). Figure 1: Drone shot looking northeast from West Madsen Block A to WRLG's Madsen Mine Property.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/7436/189678_4c0d63fa749aa806_001full.jpgSince acquiring the original claim blocks from Great Bear Resources (Great Bear) in 2019 and additional claims from Bounty Gold in 2020 to increase the size of Block A, GoldON's exploration work has included geophysical interpretations, regional mapping and prospecting, rock sampling, a soil-gas-hydrocarbon SGH survey, and 9,279 metres of diamond drilling. This work focused on Block A, which adjoins the Madsen Mine property (Figure 1) that was acquired earlier this year by West Red Lake Gold Mines (WRLG). 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 approximately 1.5 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). Figure 2: West Madsen Block A with MAG TMI Survey (bottom) and OGS MAG Survey (top).To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/7436/189678_4c0d63fa749aa806_002full...