Business
GoldON Receives MAG Survey Results and Hires Orix Geoscience for Project Data Interpretation at Slate Falls Gold-Silver Property
New high-resolution airborne MAG survey reveals prominent structural features throughout the...
About this update from Gold Finder Resources Ltd.
[{"type":"text","content":"GoldON Receives MAG Survey Results and Hires Orix Geoscience for Project Data Interpretation at Slate Falls Gold-Silver PropertyNew high-resolution airborne MAG survey reveals prominent structural features throughout the PropertyVICTORIA, BC / ACCESSWIRE / May 28, 2020 / GoldON Resources Ltd. (TSXV:GLD) (\"GoldON\" or the \"Company\") is pleased to provide an update on the exploration status of its 100% owned Slate Falls gold-silver property (the \"Property\") located in the Patricia Mining Division of northwestern Ontario. The 5,656-hectare Property lies within the southwestern extension of the Meen-Dempster Greenstone Belt between the Red Lake and Pickle Lake gold camps (see Figure 1).GoldON hired Prospectair Geosurveys to complete a heliborne high-resolution magnetic (MAG) survey to cover the Property that included 50-metre flight line spacings for a total of 1,247-line kilometres (km). The final report detailing the results of the MAG survey has been received and the data reveals prominent structural features exist throughout the Property. The image below (Figure 4) illustrates the significant difference in structural detail between the historical MAG data on the left (Figure 2) and the new MAG data on the right (Figure 3). This new high-resolution information will aid in reinterpreting the various lithologies and give a far better understanding of the intricate structure, folding, shearing and faulting that has been mapped on the Property.Figure 4 - Includes overlays of historical data and preliminary interpreted fold axis and limbsWhile GoldON's primary focus to date has been on the numerous historical high-grade gold and silver showings that are part of the Slate Falls Deformation Zone, the MAG survey results accentuate the potential for the Property to host other styles of mineralization including:Magmatic copper, nickel, platinum-group elements mineralization within previously unrecognized bodies of differentiated gabbroic rocks (Dinel and Pettigrew, 2008).Banded iron formation hosted gold mineralization.Lode gold mineralization related to D2 structures.Felsic intrusive related gold mineralization.Base metal mineralization.To prepare for the 2020 field season, GoldON has hired Orix Geoscience to do a compilation and reinterpretation of all available historical data on the Property. This will include incorporating the ne...