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GoldON Hires Chibougamau Diamond Drilling for West Madsen Gold Project in Ontario's Red Lake Camp
Property adjoins Canada's next gold mine - the Pure Gold Red Lake Mine project where the first...
About this update from Gold Finder Resources Ltd.
[{"type":"text","content":"GoldON Hires Chibougamau Diamond Drilling for West Madsen Gold Project in Ontario's Red Lake CampProperty adjoins Canada's next gold mine - the Pure Gold Red Lake Mine project where the first gold pour is expected before year's endVictoria, British Columbia--(Newsfile Corp. - November 12, 2020) - GoldON Resources Ltd. (TSXV: GLD) (\"GoldON\" or the \"Company\") is pleased to announce it has hired Chibougamau Diamond Drilling Ltd. for the upcoming drill program at the West Madsen gold project (the \"Project\").Figure 1To view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/7436/67981_9f6f96b6e4db99a5_001full.jpgFall drilling will focus on the expanded West Madsen - Block A (see Figure 1 above) and the area of the black ellipse that is contiguous with the Pure Gold Red Lake Mine property where the first gold pour is scheduled for late Q4 (Pure Gold's news release of October 27, 2020). Pure Gold's reserves and resources are hosted in a seven-kilometre-long gold system that follows the major crustal break or contact between the Balmer and Confederation assemblages. This same Balmer-Confederation contact has been exposed in outcrop 1.6 kilometres (km) west of the Pure Gold property boundary and is interpreted to continue for ~8 km across GoldON's property. Notably, Pure Gold's Wedge Zone is the southward extension of their gold system that lies within a km of the GoldON property boundary (see Figure 2 below). In their October 27, 2020 news release, Pure Gold reported new surface drilling results at Wedge highlight the strong continuity of the high grade gold mineralization, both down plunge and along strike, reinforcing the Wedge as a high priority for resource growth. Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of the mineralization hosted on the West Madsen properties.Figure 2To view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/7436/67981_9f6f96b6e4db99a5_002full.jpg\"We are fortunate to be able to assemble the same team as earlier this year with Chibougamau looking after the drilling and Rimini Exploration and Consulting designing and managing the program,\" said Mike Romanik, President of GoldON. \"We expect drilling to begin within 30 days.\"The West Madsen Project covers over 4,700 hectares and is comp...