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GoldON Resources Ltd: GoldON Completes 7,000 Metre Phase II Exploration Drilling at West Madsen in the Heart of Ontario s Red Lake Gold Camp
Victoria, British Columbia (Newsfile Corp. - April 6, 2021) -
GoldON Resources Ltd. (TSXV: GLD) ( GoldON or the Company ) is pleased to announce the completion of Phase II diamond drilling at its West Madsen Gold Project adjoining the new Pure Gold Red Lake Mine.
Figure 1: Phase II Target Area and Drill Hole Locations for the West Madsen Project
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/7436/79412 3db1a8ad44daea81 001full.jpg
The black ellipse in Figure 1 above depicts the area of the interpreted east-west trending Balmer-Confederation contact along with the locations of the completed Phase I and II drill holes.
Flat-lakeAlbertaCanadaGreat-bearBritish-columbiaThunder-bayOntarioUnited-kingdomLake-ontarioCanada-generalBruce-lakeRed-lakeGoldON 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.
Laird-lakeNunavutCanadaFlat-lakeAlbertaRed-lakeOntarioGreat-bearBritish-columbiaUnited-kingdomBruce-lakeBritish