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GoldON Resources Provides Overview of New Slate Falls Gold-Silver Claims in Northwestern Ontario
Victoria, British Columbia (FSCwire) - GoldON Resources Ltd. (“GoldON” or the “Company”) (TSX-V: GLD) is pleased to provide an overview of historical exploratio
About this update from Gold Finder Resources Ltd.
[{"type":"text","content":"Victoria, British Columbia (FSCwire) - GoldON Resources Ltd. (“GoldON” or the “Company”) (TSX-V: GLD) is pleased to provide an overview of historical exploration work carried out on the recently acquired Slate Falls gold and silver property claims, located approximately 30 kilometres (km) southwest of the past-producing Golden Patricia Mine in Northwestern Ontario. The recently staked claims (see news release of September 6, 2017) have at least five known gold occurrences that include the: FTM Zone, Corner Occurrence, BAD-02 Occurrence, Hydroline Occurrence and T-02 showing (for map of new claims, location of gold occurrences and regional geology see Figure 1). A 1971 ground IP survey identified seven northeast trending anomalies which roughly correspond to ten airborne EM anomalies identified in a 1997 survey. The area of the airborne EM anomalies is 100 to 700 meters long and the anomalies closely match 12 residual magnetic anomalies also identified in 1997. These IP, EM and residual magnetic anomalies correspond to gold mineralization and represent excellent exploration target areas (for map of new claims with geophysical interpretations and gold occurrences see Figure 2). Highlights of historical exploration work: FTM Zone The FTM Zone has been interpreted as an east-west shear zone with quartz veins, tourmaline, pyrite, and minor sphalerite, galena and chalcopyrite. FTM Zone corresponds to EM anomaly 13. Grab sampling in 1985 found up to 123.03 g/t Au Grab sampling in 1996 found three anomalous samples from the main trench. Sample SF-10 contains 12.03 g/t Au, sample SF-11 12.59 g/t Au and sample SF-12 6.36 g/t Au. Grab sampling in 1997 found three anomalous samples: sample 67894 with 39.14 g/t Au, sample 67895 with 53.80 g/t Au and sample 67896 with 118.51 g/t Au. Corner Occurrence The Corner Occurrence is interpreted as an east-west striking shear with an exposed quartz vein. The shearing appears to be related to an antiformal hinge zone that plunges to the west at 20°. Grab sampling in 1995 found three significant samples at this occurrence. Sample BAD-01 is a quartz vein with 2-3% sulphides with 11.36 g/t Au and 28.54 g/t Ag. Sample RK-01 is a 3 cm quartz stringer with chalcopyrite, pyrite and sphalerite with 62.58 g/t Au and 203.69 g/t Ag. Grab sampling in 1997 found a milky white quartz vein in shear zone with 22.63 g/...