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GoldON Resources Hires Rimini as Project Manager and Commences Exploration on West Madsen Property in Ontario's Red Lake Gold Camp
West Madsen Property Adjoins Pure Gold's Madsen Project, the "Highest-Grade Gold Development Project in Canada" VICTORIA, BC / ACCESSWIRE / June 6, 2019 / GoldO
About this update from Gold Finder Resources Ltd.
[{"type":"text","content":"West Madsen Property Adjoins Pure Gold's Madsen Project, the \"Highest-Grade Gold Development Project in Canada\" VICTORIA, BC / ACCESSWIRE / June 6, 2019 / GoldON Resources Ltd. (TSX-V: GLD) (\"GoldON\" or the \"Company\") is pleased to announce it has retained Rimini Exploration & Consulting Ltd. as Project Manager and commenced Phase I exploration on the West Madsen gold property recently optioned from Great Bear Resources (see news release of May 28, 2019). The focus of the Phase I program will include reconnaissance geological mapping, sampling and prospecting across the property, working towards the goal of identifying new zones of gold mineralization and defining potential drill targets. The West Madsen Property is contiguous with Pure Gold's Madsen project, which is host to the historical Madsen and Starratt Olsen gold mines; and where Pure Gold recently completed a Feasibility Study on the Madsen deposit and a Preliminary Economic Assessment on the Fork, Russett South and Wedge deposits (Figure 1). Pure Gold also just announced their 2019 exploration program for the Madsen project (see Pure Gold's press release May 31, 2019), which includes a 12,000 metre drilling program that has commenced and will be largely directed at their Wedge discovery and along strike extensions. Figure 1: Property Location Map A major crustal break between Balmer Assemblage rocks and Confederation Assemblage rocks is interpreted to trend from the Pure Gold land package onto the West Madsen Property (Figure 2). Within the Red Lake Greenstone Belt, these major crustal breaks are associated with extensive gold mineralization hosted both in the Balmer Assemblage and within the felsic to intermediate volcanic rocks adjacent to the interpreted fault zones as recently identified by GoldON's partner Great Bear Resources at their Dixie Project (see Great Bear's Press Release May 28, 2019). Detailed geophysics has also led us to believe there is potential for a thicker, mafic to intermediate volcanic package than the previous regional geology map implies. Figure 2: Geology Map \"We have high expectations for the West Madsen gold property given it has the same geological characteristics as recent discoveries in the Red Lake Greenstone Belt,\" said Michael Romanik President of GoldON. \"The adjacent Pure Gold property has confirmed the potential for h...