GoldON Resources Ltd: GoldON Accelerates Acquisition of Bounty Claims in Ontario s Red Lake Gold Camp
Victoria, British Columbia (Newsfile Corp. - January 7, 2021) -
GoldON Resources Ltd. (TSXV: GLD) ( GoldON or the Company ) is pleased to report that it has elected to accelerate the option agreement with Bounty Gold Corp. (see news release of
July 29, 2020) and has acquired a 100% interest in the two claim blocks that adjoin Block A of the West Madsen Gold Project.
In keeping with the terms of the option agreement, GoldON paid Bounty a total of $80,000 in cash and issued 250,000 common shares to complete the acquisition. GoldON now owns a 100% interest in the Flat Lake and Madsen-Medicine Stone claim groups. Bounty will retain a 2% net smelter returns royalty of which GoldON may purchase half for $1,000,000.
GoldON Resources Ltd: GoldON Updates Drilling at Its West Madsen Project in the Heart of Ontario s Red Lake Gold Camp
Victoria, Biritsh Columbia (Newsfile Corp. - December 22, 2020) -
GoldON Resources Ltd. (TSXV: GLD) ( GoldON or the Company ) is pleased to provide an update on the fully-funded Phase II diamond drilling program in progress at its West Madsen Project in the heart of the Red Lake Gold Camp (see Red Lake Regional Map for the location of West Madsen and GoldON s three other Red Lake projects).
Project Highlights:
To date 2,092 metres of the proposed 7,000 metre Phase II program are complete over five holes. It should be noted that the 5