Business
GoldON Completes 7,000 Metre Phase II Exploration Drilling at West Madsen in the Heart of Ontario's Red Lake Gold Camp
West Madsen adjoins Canada's newest high-grade gold mine Victoria, British Columbia--(Newsfil...
About this update from Gold Finder Resources Ltd.
[{"type":"text","content":"GoldON Completes 7,000 Metre Phase II Exploration Drilling at West Madsen in the Heart of Ontario's Red Lake Gold CampWest Madsen adjoins Canada's newest high-grade gold mineVictoria, British Columbia--(Newsfile Corp. - April 6, 2021) - GoldON Resources Ltd. (TSXV: GLD) (\"GoldON\" or the \"Company\") is pleased to announce the completion of Phase II diamond drilling at its West Madsen Gold Project adjoining the new Pure Gold Red Lake Mine.Figure 1: Phase II Target Area and Drill Hole Locations for the West Madsen ProjectTo view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/7436/79412_3db1a8ad44daea81_001full.jpgThe black ellipse in Figure 1 above depicts the area of the interpreted east-west trending Balmer-Confederation contact along with the locations of the completed Phase I and II drill holes.A total of sixteen drill holes, totaling 7,041 metres were completed in the Phase II drilling program (See table 1 below). Prospective Balmer Assemblage volcanic rocks have been identified in ten of the sixteen holes completed in the Phase II program. The mafic volcanic rocks are typically highly strained, containing lenses of blue-grey silica and carbonate that are transposed with the foliation, overprinted by diopside and amphibole, and separated by ribbons of microcline. Accessory alteration products may include biotite and sericite. Sulphide mineralization varies locally in style and abundance but tends to include pyrite-pyrrhotite-chalcopyrite+/-arsenopyrite. Visually, the mafic units are similar in character and alteration to the gold-bearing mafic rocks observed at Pure Gold Red Lake Mine. Table 1: Phase II drill hole table.HoleEasting   Northing Length (m) DipAzimuthWM-20-084319215643805474-500WM-20-094315665643957150-500WM-20-104304405643658633-50355WM-20-114299155643733379-5025WM-20-124306755643684567-45355WM-21-134274955643649588-60340WM-21-144275635643673363-50340WM-21-154274205643637446-50340WM-21-164273255643502615-50345WM-21-174268405643516567-50350WM-21-184272565643522573-45335WM-21-194277725643702339-50350WM-21-204288205643774174-500WM-21-214294265643744252-500WM-21-224299035643465372-50340WM-21-234276645643687549-60348 Of note in this program is WM-21-23, which intersected a very wide package of mafic volcanic, Balmer Assemblage rocks, intersected from...