Business
GoldON Files NI 43-101 Technical Report on 100% Owned Slate Falls Gold-Silver Property
Exploration Recommended in Five New Areas of the structurally complex Property where deforma...
About this update from Gold Finder Resources Ltd.
[{"type":"text","content":"GoldON Files NI 43-101 Technical Report on 100% Owned Slate Falls Gold-Silver PropertyExploration Recommended in Five New Areas of the structurally complex Property where deformation, folding, shearing and faulting have been mappedVICTORIA, BC / ACCESSWIRE / August 18, 2020 / GoldON Resources Ltd. (TSX-V:GLD) (\"GoldON\" or the \"Company\") is pleased to announce the completion of an independent technical report (the \"Report\") on its Slate Falls gold-silver property that assesses the technical merit and economic potential of the project and recommends additional exploration. The Report was prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects (\"NI 43-101\") and is now filed under the Company's profile on SEDAR.The 5,656-hectare Slate Falls property (the \"Property\") is located in the Patricia Mining Division of northwestern Ontario and lies within the southwestern extension of the Meen-Dempster Greenstone Belt between the Red Lake and Pickle Lake gold camps (see Figure 1).Figure 1 - The Uchi Subprovince is host to several multi-million-ounce gold deposits (click on image to enlarge). Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company's property.The Report is based on the compilation of all historical geological, geochemical and geophysical data into GIS referenced layers needed for methodical and diligent well-vectored exploration. The structural complexity of the Property and its relation to the known metal occurrences was interpreted and addressed by a competent structural geologist. The high-resolution heliborne magnetic survey completed earlier this year aided greatly in this structural interpretation and has identified new areas that need to be investigated further by prospecting, sampling and mapping.Figure 2 - Slate Falls property geology and structural map with historical showings and areas recommended for follow-upA Phase 1 exploration program is recommended that includes, but is not limited to, the areas referenced in Figure 2 above and summarized below:The FTM Zone (traced for 500m) now appears to be associated with a fold axis proximal or along a felsic intrusive. This brittle environment crosscut by north northeast structures can provide important traps and pathways for mineralization and...