Business
GoldON Receives Geological and Structural Study on Its McDonough Gold Property in Ontario's Red Lake Camp
Primary target area identified where elevated soil sample results correlate with volcanic-se...
About this update from Gold Finder Resources Ltd.
[{"type":"text","content":"GoldON Receives Geological and Structural Study on Its McDonough Gold Property in Ontario's Red Lake CampPrimary target area identified where elevated soil sample results correlate with volcanic-sediment contact and intersecting structures VICTORIA, BC / ACCESSWIRE / September 29, 2020 / GoldON Resources Ltd. (TSXV:GLD) (\"GoldON\" or the \"Company\") is pleased announce the completion of a geological data compilation and reinterpretation study on its 1,062-hectare McDonough gold property (the \"Property\") by Orix Geoscience (Orix). The Property is located in the Red Lake Greenstone Belt approximately 15 kilometres (km) north of the town of Red Lake, Ontario (see Figure 1), and is one of four exploration properties controlled by GoldON in the Red Lake Gold Camp (see Figure 2).GoldON completed a property-wide heliborne high-resolution magnetometer (MAG) earlier this year; and subsequent work by Orix has included a data compilation and reinterpretation study incorporating the 2020 MAG survey data with all known lithological and mineralogical information and structural measurements. The result of the Orix study is a far better understanding of the geological and structural framework of the Property that is acutely demonstrated in the comparison of maps below (Figure 3) with the Regional Township Geology from the Ontario Geological Survey (OGS) on the left and the new Orix mineralization integration on the right (click on the image to enlarge).Figure 3 - Comparison of McDonough Property geology with OGS Regional Township (left) versus Orix 2020 (right)Results of the data compilation and reinterpretation study are as follows:Good correlation of anomalous soil samples up to 253 ppb along the contact of an iron formation clast dominated conglomerate and intermediate to felsic volcanic suite at the intersection of north-northeast (NNE) and north-northwest (NNW) structures.Two phases of deformation (D1 and D2) are identified in the surface reinterpretation causing F1 and F2 folds.Late faults and shear zones dominantly strike NNW and NNE, crosscut and locally displace the early structures.The presence of iron formation which has been broadly locally folded and displaced by late structure.A wider range in lithological types and greater definition of contacts.Figure 4 - Integration of McDonough soil sample results over geology and structur...