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GoldON Stakes McInnes Lake Greenstone Belt North of Ontario's Red Lake Gold Camp
District Scale property of unexplored Balmer Assemblage lithologies similar to those that host...
About this update from Gold Finder Resources Ltd.
[{"type":"text","content":"GoldON Stakes McInnes Lake Greenstone Belt North of Ontario's Red Lake Gold CampDistrict Scale property of unexplored Balmer Assemblage lithologies similar to those that host the Red Lake Gold CampVictoria, British Columbia--(Newsfile Corp. - June 3, 2021) - GoldON Resources Ltd. (TSXV: GLD) (\"GoldON\" or the \"Company\") is pleased to announce the acquisition via staking of a 100% interest in the McInnes Lake property (the \"Property\") in northwestern Ontario. Located approximately 100 kilometres (km) east of the Ontario-Manitoba border and 117 km north of the town of Red Lake, the Property is composed of 31 contiguous mining claims (577 cells) totaling approximately 11,424 hectares. The Property is 29 km long and up to 8.5 km wide. Figure 1: Regional Map with location of McInnes Lake Property and GoldON's Other Projects (click to enlarge)To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/7436/86267_fd3778e234f028c6_001full.jpg The McInnes Lake Greenstone Belt lies within the North Caribou Terrane of the Superior Province. Deep penetrating seismic studies north from the English River domain through the Uchi domain into the Berens River Complex of the North Caribou Terrane have shown that the gold deposits of the Red Lake camp and gold deposits along the LP Fault, recently discovered by Great Bear Resources, are associated with deep crustal-scale features. According to seismic survey interpretations by Zang and Calvert 2006, the McInnes Lake Greenstone Belt is interpreted to lie along a northern extension of a deep crustal E1 extensional shear zone. This has geological and mineralization implications for fluid and magmatic pathways for various precious and base metal deposit models.Figure 2: Ontario Geological Survey Bedrock Geology (click to enlarge)To view an enhanced version of Figure 2, please visit:https://orders.newsfilecorp.com/files/7436/86267_fd3778e234f028c6_002full.jpgThe McInnes Lake Greenstone Belt is comprised of a volcanic-sediment package of rocks representing a back-arc environment 'sandwiched' in between two opposing granitic masses. Age-dating of the McInnes Lake Greenstone Belt volcanic rocks are 2.93-2.97 billion years old representing Balmer Assemblage aged lithologies (OGS Map P3589). The Balmer Assemblage is host to most of the current gold resources and historic...