GoldON Expands Slate Falls Gold-Silver Property and Commences Fieldwork on New Claims New claims cover several curved geophysical features interpreted as fold axes where gold-silver mineralization appears to be concentrated
GoldON Resources Ltd. | 108 - 800 Kelly Road, Suite 416, Victoria, BC V9B 6J9 | Tel.: (250) 474-7999
FOR IMMEDIATE RELEASE
GoldON Expands Slate Falls Gold-Silver Property
and Commences Fieldwork on New Claims
New claims cover several curved geophysical features interpreted as fold axes
where gold-silver mineralization appears to be concentrated
VICTORIA, BC, July 31, 2019 – GoldON Resources Ltd. (“GoldON” or the “Company”)
(TSX-V: GLD) is pleased to announce it has acquired by staking an additiona l seven claims to
increase the size of its 100% owned Slate Falls Gold-Silver Property from ~3,200 hectares to 5,687
hectares. The new claims were acquired to cover several curved geophysical features lying
primarily to the north of the existing Property. The expanded P roperty now spans 13 kilometers
(km) at its widest point east-west and 8 km at its widest point north-south (see Figure 1).
While the Ontario Geological Survey assessment records show the new claims have seen very
limited historical exploration work, GoldON’s interpretation is that 2019 and historical high-grade
gold and silver showings across the existing Slate Falls proper ty correlate with key regional scale
structures that extend onto the new claims. These structures ar e interpreted as folds and fold axes
where gold-silver mineralization appears to be concentrated.
Emerald Geological Services has commenced prospecting, sampling and reconnaissance mapping
at several locations on the new claims.
“This year’s surface sample results of up to 331.76 g/t gold an d 3,025 g/t silver (see June 25 and
July 17 , 2019 news releases) have confirmed the strong correlation bet ween the geophysical
features that are well documented on our existing Slate Falls p roperty and high-grade gold and
silver mineralization. The new claims cover several of these sa me geophysical features in an area
that has seen little or no hist orical exploration and we look f orward to reporting the results from
our initial fieldwork,” said Michael Romanik, president of GoldON.
The Slate Falls property is located in the Meen-Dempster Greens tone Belt between the Red Lake
and Pickle Lake Gold Camps (see location map Figure 2). The Fry Lake-Bamaji Lake Deformation
Zone passes through the Property representing first and second order crustal-scale structures that
cut stratigraphy that is similar to and contemporaneous with the stratigraphy which hosts the past-
producing Golden Patricia Gold Mine, which produced 620,000 oun ces of gold at 15 g/t Au
between 1988-1997 and lies 30 kilometres to the northeast.
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.
GoldON Resources Ltd. | 108 - 800 Kelly Road, Suite 416, Victoria, BC V9B 6J9 | Tel.: (250) 474-7999
About GoldON Resources Ltd.
GoldON is an exploration company 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 11-kilometre breadth of
the property. GoldON has 13,874,782 shares issued and is fully funded to complete its summer
work programs.
For additional information pleas e visit our website and view ou r latest presentation by clicking
here or contact Michael Romanik.
ON BEHALF OF THE BOARD
Signed “Michael Romanik”
Michael Romanik, President
Direct line: (204) 724-0613
Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provid er (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.