GoldON Hires Chibougamau Diamond Drilling for Slate Falls Gold-Silver Property in Northwestern Ontario Initial drilling program is fully funded and will include testing for source of high- grade values up to 861 g/t Au in drill core and 3,025 g/t Ag in surface rock samples
FOR IMMEDIATE RELEASE
GoldON Hires Chibougamau Diamond Drilling for Slate Falls
Gold-Silver Property in Northwestern Ontario
Initial drilling program is fully funded and will include testing for source of high-
grade values up to 861 g/t Au in drill core and 3,025 g/t Ag in surface rock samples
VICTORIA, BC, October 29, 2019 – GoldON Resources Ltd. (TSX-V: GLD) (“GoldON” or
the “Company”) is pleased to announce the hiring of Chibougamau Diamond Drilling Ltd. for the
upcoming drilling program on its 100% owned Slate Falls Gold-Silver Project in Ontario’s Patricia
Mining Division.
“Slate Falls is a discovery-st age project and despite numerous targets, some having returned
bonanza gold and silver grades from both drill core and surface samples, the Property has not been
drilled since 1984,” said Michael Romanik president of GoldON. “Assessment records show only
26 shallow drill holes have ever been completed on the Property’s high-grade Trail and Sanderson
Zones and our initial drilling program will be the first time these targets have been tested below 30
meters of surface.”
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). The Fry Lake-Bamaji Lake Deformation Zone
passes through the Property repre senting first and second order crustal-scale structures that cut
stratigraphy and are similar to an d contemporaneous with the st ratigraphy that hosts the past-
producing Golden Patricia Mine, which produced 620,000 ounces o f gold at 15 g/t Au between
1988-1997 and lies 30 kilometres to the northeast. The Property hosts numerous gold and silver
showings demonstrating good correlation between the geophysical , geochemical and geological
indicators.
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 Chibougamau Diamond Drilling Ltd.
Chibougamau Diamond Drilling has been in operation for over 50 years and specializes in diamond
drilling. They develop and build their own drill rigs and currently own 35 drills including surface,
underground and heliportable rigs. Headquartered in Chibougamau , Quebec they have branch
offices in Rouyn-Noranda, Thunder Bay, White River and Red Lake.
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 and you can view our latest presentation by
clicking here.
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.