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GoldON Provides Update at Halfway Point of 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 Provides Update at Halfway Point of 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. - February 9, 2021) -  GoldON Resources Ltd. (TSXV: GLD) (\"GoldON\" or the \"Company\") is pleased to provide an update on the fully-funded Phase II diamond drilling program in progress at its West Madsen Gold Project adjoining the new Pure Gold Red Lake Mine.Figure 1: Phase II Target Area and Drill Plan for the West Madsen ProjectTo view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/7436/73942_0443b15ac4f9ca63_001full.jpgThe black ellipse in Figure 1 above depicts the area of the interpreted east-west trending Balmer-Confederation contact along with the completed and proposed Phase II drill holes to systematically test the extension of the stratigraphy within the structurally controlled corridor.Phase II Program Highlights:To date, 3600 metres of the proposed 7000 metres have been drilled over eight holes (see Table 1 below). Prospective Balmer Assemblage volcanic rocks have been identified in five of the eight holes. 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 property. Assays have been received for the first five holes of the program (WM-20-08 to WM-20-12) and are discussed below.Assays are pending for three holes (Holes WM-21-13 to WM-21-15) that were 75 metre step-outs on the gold-bearing intercept of hole WM-20-05 (14.4 g/t Au over 0.5 metres; see GoldON news release of July 22, 2020) and display similar styles of blue-grey quartz-carbonate veining and associated alteration at a similar stratigraphic level but occur over broader intervals than were noted in the first phase of drilling.Table 1: Phase II drill hole tableHoleEastingNorthingLength (m)DipAz...