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GoldON Completes IP Survey and Prepares for Drilling at McDonough Gold Property in Red Lake, Ontario
Drill targets are now well supported by coincident IP, geochem and geology Victoria, British ...
About this update from Gold Finder Resources Ltd.
[{"type":"text","content":"GoldON Completes IP Survey and Prepares for Drilling at McDonough Gold Property in Red Lake, OntarioDrill targets are now well supported by coincident IP, geochem and geologyVictoria, British Columbia--(Newsfile Corp. - June 8, 2021) - GoldON Resources Ltd. (TSXV: GLD) (\"GoldON\" or the \"Company\") is pleased to provide an overview of the induced polarization (IP) survey recently completed on its McDonough gold property (the \"Property\") that is located 15 kilometres (km) north of the town of Red Lake and straddles a key structural signature of many deposits within the Red Lake Greenstone Belt (Figure 1).Figure 1: Regional location of the McDonough Property and GoldON's other ProjectsTo view an enhanced version of Figure 1, please visit:https://goldonresources.com/images/McDonough/McDonough-Regional.jpgGoldON completed a 7.68 line-km IP survey in March 2021, with the objective of testing chargeability and resistivity responses over gold-in-soil anomalies that were coincident with a regional unconformity. The IP survey was subsequent to a study completed in 2020 by Orix Geoscience that included data compilation of all known historical information along with a geological and structural reinterpretation incorporating data from a 2020 heliborne high resolution MAG survey. Results from the Orix study included the identification of a primary target area within the property where elevated soil samples overlie the contact between an iron-formation clast dominated conglomerate (Huston Assemblage), and intermediate to felsic volcanics proximal to northeast and northwest intersecting structures (see Figure 2 and GoldON's news release of September 29, 2019). Figure 2: McDonough regional geology and structural interpretation with gold-in-soil sample resultsTo view an enhanced version of Figure 2, please visit:https://goldonresources.com/images/McDonough/McDonough_Integration-092920.jpgThe IP survey, interpreted by Dynamic Discovery Geoscience, defined a total of 23 chargeable IP axes. The chargeable responses coincide very well with the McDonough gold-in-soil anomalies where A-horizon soil samples returned values from 2-229 ppb over an iron formation clast supported conglomerate in an unconformable contact with mafic volcanics (Figure 3). The conglomerate belongs to the Huston Assemblage, which is proximal and associated with th...