Business
GoldON Resources Increases Slate Falls Project to 3,200 Hectares
VICTORIA, BC / ACCESSWIRE / September 6, 2017 / GoldON Resources Ltd. ("GoldON" or the "Company") (TSX-V: GLD) is pleased to announce it has staked 11 unpatente
About this update from Gold Finder Resources Ltd.
[{"type":"text","content":"VICTORIA, BC / ACCESSWIRE / September 6, 2017 / GoldON Resources Ltd. (\"GoldON\" or the \"Company\") (TSX-V: GLD) is pleased to announce it has staked 11 unpatented mining claims in the Slate Falls area, which will roll into the existing Slate Falls option agreement originally announced on February 4th, 2014. These new claims expand the Slate Falls property to the east of the original claims and quadruple the size of the property to over 3,200 hectares (for claim map and regional geology see Figure 1). The Slate Falls property is located between the Red Lake and Pickle Lake Gold Camps in the Patricia Mining Division and covers stratigraphy that is similar to and contemporaneous with the stratigraphy which hosts the past-producing (Sep 1988 - Mar 1997) Golden Patricia Gold Mine 30 kilometres to the northeast. The decision to enlarge the Slate Falls project area was based on the historical exploration data available and the high grade gold-silver results the Company previously reported from its work on the original claims in news release of August 19, 2014 (see sample photo and assay table below). The expanded property covers similar geology with known high-grade mineral occurrences. Rock Sample # X co-ord (East) Y co-ord (North) Sample type Au g/t Ag g/t Rock Description 549652 601119 5671053 grab 220.94 >2000 Trail Showing: rusty qtz vein with 2-3% py, ga, cpy, sp. 549653 601965 5671672 grab 30.40 1111.23 Sanderson Showing: rusty qtz vein with 5% ga, py, cp. 549654 601956 5671660 grab 4.40 280.50 Sanderson Showing, rusty qtz vein. 549655 601986 5671666 grab 1.49 118.63 Sanderson Showing, 5% fine-grained py in wallrock. 549656 601119 5671053 grab 172.33 1400.05 Trail Showing, rusty qtz vein with 2-3% py, ga, cpy, sp. Note: co-ordinates are NAD83 UTM Zone 15U The grab samples are selected samples and are not representative of the mineralization hosted on the property. The samples were personally collected by Tim Twomey, P. Geo. and Qualified Person within the meaning of National Instrument 43-101, and remained in his custody until he delivered them to Accurassay Laboratories in Thunder Bay, Ontario. Analysis was performed utilizing 50 gram fire assay. \"These new claims cover several additional mineral occurrences and now give district-scale potential to the project,\" said Michael Romanik, President of GoldON. \"We are curren...