Drilling Underway at GoldON’s Slate Falls Gold-Silver Project in Northwestern Ontario Fully funded drilling program will focus on testing the shear zones where high- grade values up to 861 g/t Au in drill core remain untested
FOR IMMEDIATE RELEASE
Drilling Underway at GoldON’s Slate Falls Gold-Silver
Project in Northwestern Ontario
Fully funded drilling program will focus on testing the shear zones where high-
grade values up to 861 g/t Au in drill core remain untested
VICTORIA, BC, November 18, 2019 – GoldON Resources Ltd. (TSX-V: GLD) (“GoldON” or
the “Company”) is pleased to report that diamond drilling is underway on its 100% owned Slate
Falls Gold-Silver Project.
Drilling will test the Trail Zone, and the Sanderson Main, East and North zones. A priority target
is at the Trail Zone, where limi ted historical drilling utilizing narrow diameter AX core was very
inadequate with poor core recove ry and incomplete sampling. In 1966, four shallow drill holes
(<30 metres) tested the Trail Zone with all holes intersecting mineralized shear zones but sampling
concentrated on quartz veining and many shears were not sampled . Hole 66-11 (drilled by
Cochenour Explorations) intersected a 5.06 metre-wide shear zone in which only one sample was
taken that returned 861.3 grams per tonne (g/t) Au and 213.9 g/t Ag over 0.2 metres (Hutton, 1966).
Fieldwork by GoldON in 2019 further confirmed the exploration potential of two of the initial drill
targets with rock grab samples returning up to 331.76 g/t Au and 3,025 g/t Ag in sample # 251119
from the Trail Zone and up to 41.97 g/t Au and 1,742 g/t Ag in sample # 251150 from the Sanderson
Zone (see news releases of June 25 and July 17 complete 2019 sample results).
“We are very excited to be commencing our initial drill program on the Slate Falls Property and
would like to acknowledge the contribution of the advisors we’v e had on the Project including:
Perry English; Tim Twomey, P.Geo, who oversaw our initial exploration work; Bob Singh, P.Geo,
who oversaw the compilation and interpretation of the historical data; Bruce MacLachlan, P.Geo.
(Limited) and Coleman Robertson, BSc, who are our current proje ct managers; and Mike
Kilbourne, P.Geo, our Qualified Person,” said Michael Romanik president of GoldON. “We would
also like to again thank the Slate Falls First Nation for their logistical assistance in making this
program happen.”
About the Slate Falls Property
Located in Ontario’s Patricia Mining Division, the Slate Falls Property (the “Property”) lies
between the Red Lake and Pickle Lake gold camps within the southwestern extension of the Meen-
Dempster Greenstone Belt (see regional map).
Several mineralized gold-silver showings have been identified o n the Property including the
Carpenter, Fly, FTM, J. Loon, L1, L15, Path, Sanderson and Trai l Zones. These zones are part of
the Slate Falls Deformation Zone and extend for over 10 kilomet res (km) in strike and 1.5 km in
width within the Property’s bounda ries. All zones host high gra de Au-Ag mineralization and are
related to regional fold axes and structures that provide traps for mineralizing fluid (see property
map).
Mike Kilbourne, P. Geo, an inde pendent qualified person as defi ned in National Instrument 43-
101, has reviewed and approved the technical contents of this n ews release on behalf of the
Company.
About GoldON Resources Ltd.
GoldON is an exploration compan y focused on discovery-stage pro perties located in the prolific
gold mining belts of northwestern Ontario, Canada. Active proje cts include the West Madsen
property in the Red Lake Gold Cam p and our flagship Slate Falls project in the Patricia Mining
Division where 18 Au-Ag mineralized zones have been identified over the 13-kilometre breadth of
the property. GoldON has 15,152,282 shares issued and is fully funded to complete its fall
exploration programs.
For additional information: please visit our website at https://goldonresources.com, you can
download our latest presentation by clicking here and you can follow us on Twitter at
https://twitter.com/GoldONResources.
ON BEHALF OF THE BOARD
Signed “Michael Romanik”
Michael Romanik, President
Direct line: (204) 724-0613
Email: [email protected]
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