GoldON Completes Data Compilation and Commences Fieldwork on Expanded Slate Falls Gold-Silver Property in Northwestern Ontario Numerous geophysical, geochemical and geological indicators associated with at least 18 mineralized zones that have been identified across the ~10km breadth of
GoldON Resources Ltd. | 108 - 800 Kelly Road, Suite 416, Victoria, BC V9B 6J9 | Tel.: (250) 474-7999
FOR IMMEDIATE RELEASE
GoldON Completes Data Compilation and
Commences Fieldwork on Expanded Slate Falls
Gold-Silver Property in Northwestern Ontario
Numerous geophysical, geochemical and geological indicators associated with at
least 18 mineralized zones that have been identified across the ~10km breadth of
the property are now being ground-truthed to define an exploration model
VICTORIA, BC, September 21, 2017 – GoldON Resources Ltd. (“GoldON” or the
“Company”) (TSX-V: GLD) is pleased to announce it has commenced fieldwork based on the
conclusions and recommendations from the recen tly completed compilation of all historical
exploration data available on th e expanded Slate Falls property (see claim map and regional
geology Figure 1).
The detailed GIS and 3D compilation involved data extraction from various historical assessment
reports including: drillhole and surface sample r ecords; numerous trenches, pits and rock sample
descriptions; structural data; outcrop locations; and various other data including, contacts, shear
zones and geochemical grid locations. Interpre tation work included re-a nalysis of airborne
magnetic data with re-gridding of the data and 3D analysis of drillhole and geochemical data in
Leapfrog 3D software.
The recommendations resulting from the interpretation and review of the data include:
Property wide geological mapping and rock sampling to follow up interpreted
relationships between fold hinges and historic high-grade rock samples.
Collection of detailed structural and alteration data including multi-element analysis
of rock samples.
Determine source of geophysical anomalies in particular mapping potential
mineralized structures and fold hinges.
Assess potential for drilling better geochemical/geophysical anomalies that the limited
historical drilling appears to have not targeted.
“Our data compilation represents the most compre hensive review of the historical exploration
work in the Slate Falls area,” said Michae l Romanik, President of GoldON. “We are now
proceeding with a systematic exploration plan that will lead to prioritizing the mineralized targets
and defining an exploration model for the project.”
GoldON Resources Ltd. | 108 - 800 Kelly Road, Suite 416, Victoria, BC V9B 6J9 | Tel.: (250) 474-7999
The Slate Falls property (the “Pr operty”) is located between the Re d Lake and Pickle Lake Gold
Camps in the Patricia Mining Division and covers stratigraphy that is similar to and
contemporaneous with the stratigraphy which hosts the past-producing (Sep'88 - Mar'97) Golden
Patricia Gold Mine 30 kilometres to the northeast.
The Property is composed of mafic metavolcanics rocks deposited in a submarine environment.
The mafic metavolcanics are intruded by gabbroic si lls, mafic to ultramafic intrusive bodies and
felsic quartz-feldspar porphyry dykes and stocks . The felsic North Bamaji Pluton occurs along
the north shore of North Bama ji Lake. The greenstone belt ha s undergone two generations of
regional folding and shearing to form the Bama ji shear zone. The Rockmere-Wesleyan synform
strikes east-west across the length of the Pr operty with an eastwardly plunging fold axis
(Wallace, 1985, GR232). The fold axis of an an tiformal structure strikes northeast from the
central-northern part of the Property near the Sanderson zone. The shear zones which host quartz
veins and sulphide mineralization strike east-west with subvertical dips.
The Property is located 5 kilometres (km) northea st of the community of Slate Falls, 90 km west
of Pickle Lake, 120 km north of Sioux Lookout and 160 km east of Red Lake. The community of
Slate Falls is accessible by an a ll-weather road and regionally the area is well traversed by
logging roads and trails. Slate Fall s is also accessible by float- or ski-e quipped plane charters
from Pickle Lake, Sioux Lookout or Red Lake.
R. Bob Singh, P. Geo, an independent qualified person as defined in National Instrument 43-101,
has reviewed and approved the technical contents of this news release on behalf of the Company.
About GoldON Resources Ltd.
GoldON Resources Ltd. is an exploration company geographically focused on the prolific mining
belts of Ontario, Canada. All of its properties are in good standing and include the Slate Falls
gold-silver property in northwest ern Ontario and the Rainy Gold project which is next to New
Gold’s Rainy River Mine. To view GoldON’s latest presentation click here . For more
information contact Michael Romanik.
ON BEHALF OF THE BOARD
Signed “Michael Romanik”
Michael Romanik, President
Direct line: (204) 724-0613
Email: [email protected]
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