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GoldON’s Initial Drill Results Return Smoke but No Fire at Slate Falls Gold-Silver Project in Northwestern Ontario
Drilling in 2019 tested two of 18 Au-Ag mineralized zones that have been identified over the 13-km breadth of the property VICTORIA, BC / ACCESSWIRE / February
About this update from Gold Finder Resources Ltd.
[{"type":"text","content":" Drilling in 2019 tested two of 18 Au-Ag mineralized zones that have been identified over the 13-km breadth of the property VICTORIA, BC / ACCESSWIRE / February 25, 2020 / GoldON Resources Ltd. (TSXV:GLD) (\"GoldON\" or the \"Company\") provides an overview of Phase I drill results from its 100% owned Slate Falls Gold-Silver property (the \"Property\") located in the Patricia Mining Division between the Red Lake and Pickle Lake Gold Camps (see regional location map Figure 1). Numerous Au-Ag mineralized zones have been identified over the 13-kilometre breadth of the Property (see Figure 2) and the Phase I drilling program consisted of 1,006.5 meters in nine drill holes testing targets at the Trail Zone, and the Sanderson Main, East and North zones (see drill hole location map Figure 3 and new release of December 3, 2019 for drill target rationale). Analytical results from the drill program are summarized below. Drill Hole # Target Area From (m) To (m) Width (m) Au (g/t) Ag (g/t) SF-19-01 Trail 37.72 38.75 1.02 5.13 38.0 SF-19-02 Trail 77.23 77.52 0.29 21.40 15 SF-19-03 Sanderson Main 53.28 53.67 0.39 4.60 31 SF-19-03 Sanderson Main 93.58 93.93 0.35 5.34 99 SF-19-04 Sanderson Main 81.59 82.16 0.57 0.454 4 SF-19-05 Sanderson Main 74.5 75.6 1.10 0.694 24.8 SF-19-06 Sanderson East 69.42 69.66 0.24 78.5 73.7 SF-19-07A Sanderson North 49.13 51.11 1.98 0.171 1.8 SF-19-08 Sanderson Main 131.48 133.0 1.52 0.275 3 Hole SF-19-07 was abandoned and re-started as SF-19-07A.The above intervals are down hole intervals. True widths are not known at this time. Drilling beneath the high-grade gold-silver showings (see news releases dated June 25 and July 17, 2019) confirmed the presence of multiple parallel quartz-carbonate biotite enriched shear zones with appreciable amounts of gold and silver. Every hole intersected mineralization and extended mineralization at depth from surface. The drilling also intersected new zones of mineralized shear previously undetected. \"Although these initial results are disappointing, the high-grade surface showings at Trail and Sanderson were too intriguing not to drill test,\" said Michael Romanik president of GoldON. \"The Slate Falls project remains geologically complex, with our initial drill program limited to just two of the known showings within the claim package. We are looking forward to the upcoming field...