Business
GoldOn Provides Exploration Update on its Swayze Gold Project that Adjoins IAMGOLD's Multi-Million Ounce Cote Gold Project
GoldOn Provides Exploration Update on its Swayze Gold Project that Adjoins IAMGOLD's Multi-Mil...
About this update from Gold Finder Resources Ltd.
[{"type":"text","content":"GoldOn Provides Exploration Update on its Swayze Gold Project that Adjoins IAMGOLD's Multi-Million Ounce Cote Gold ProjectGoldOn Provides Exploration Update on its Swayze Gold Project that Adjoins IAMGOLD's Multi-Million Ounce Cote Gold Project\nTarget area lies inside or near the Ridout Deformation Zone, which is generally recognized as the western extension of the Larder Lake-Cadillac Break\nVictoria, British Columbia CANADA, September 04, 2013 /FSC/ - GoldON Resources Ltd. (GLD - TSX Venture), (\"GoldON\" or the \"Company\") is pleased to provide an exploration update the Company's Swayze Gold Project that adjoins IAMGOLD's multimillion-ounce Cote Gold Project. \nThe 100 % owned Swayze Project consists of three non-contiguous properties - the Chester, Mollie River and Neville-Potier claim blocks - located approximately halfway between Timmins and Sudbury, in the Porcupine Mining Division of Ontario. \nGoldON's spring/summer exploration programs were carried out as part of the follow up to recommendations included in a National Instrument 43-101 Technical Report completed in May 2013. The work focused on an under-explored area of the Neville-Potier claim block (NP claims\") that lies inside or near the Ridout Deformation Zone, which is generally recognized as the western extension of the Larder Lake-Cadillac Break in the Swayze Greenstone Belt.\nThe Exploration program was managed by MPH Consulting limited and included:  \n> Line cutting consisted of a total of 41.9 kilometers of grid lines being cut including baseline and tie lines;\n> Surveying of the entire grid utilizing Differential GPS;\n> A induced polarization or IP / resistivity test survey (See: Photo 1 (http://goldonresources.com/wp-content/uploads/2013/08/Photo1.jpg)); and, \n> A geological site visit done during the IP/resistivity survey when the initial gradient portion of the survey was completed over the eastern half of the test area. The purpose of the visit was to gain a preliminary understanding of the local geology and mineral potential as well as for coordination of the proposed combined geophysical/geological program. The IP/resistivity test covered only a small target area of the overall NP claims (See: Figure 1 (http://goldonresources.com/wp-content/uploads/2013/08/NPClaims-map_Geology_IP-test-area.jpg)).\nGeneral Geology and Miner...