GoldON Hires Rimini as Project Manager and Commences Exploration on West Madsen Property in Ontario’s Red Lake Gold Camp West Madsen Property adjoins Pure Gold’s Madsen Project, the “highest-grade gold development project in Canada”
GoldON Resources Ltd. | 108 - 800 Kelly Road, Suite 416, Victoria, BC V9B 6J9 | Tel.: (250) 474-7999
FOR IMMEDIATE RELEASE
GoldON Hires Rimini as Project Manager and Commences
Exploration on West Madsen Property in Ontario’s Red Lake
Gold Camp
West Madsen Property adjoins Pure Gold’s Madsen Project, the “highest-grade
gold development project in Canada”
VICTORIA, BC, June 6, 2019 – GoldON Resources Ltd. (TSX-V : GLD) (“GoldON” or the
“Company”) is pleased to announce it has reta ined Rimini Exploration & Co nsulting Ltd. as
Project Manager and commenced Phase I exploration on the West M adsen gold property recently
optioned from Great Bear Resources (see news release of May 28, 2019). The focus of the Phase I
program will include reconnaissance geological mapping, samplin g and prospecting across the
property, working towards the goa l of identifying new zones of gold mineralization and defining
potential drill targets.
The West Madsen Property is contiguous with Pure Gold’s Madsen project, which is host to the
historical Madsen and Starratt Olsen gold mines; and where Pure Gold recently completed a
Feasibility Study on the Madsen deposit and a Preliminary Econo mic Assessment on the Fork,
Russett South and Wedge deposits (Figure 1). Pure Gold also just announced their 2019 exploration
program for the Madsen project (see Pure Gold’s press release May 31, 2019), which includes a
12,000 metre drilling program that has commenced and will be la rgely directed at their Wedge
discovery and along strike extensions.
A major crustal break between Balmer Assemblage rocks and Confederation Assemblage rocks is
interpreted to trend from the Pu re Gold land package onto the W est Madsen Property ( Figure 2).
Within the Red Lake Greenstone Belt, these major crustal breaks are associated with extensive
gold mineralization hosted both in the Balmer Assemblage and wi thin the felsic to intermediate
volcanic rocks adjacent to the interpreted fault zones as recen tly identified by GoldON’s partner
Great Bear Resources at their Dixie Project (see Great Bear’s P ress Release May 28, 2019 ).
Detailed geophysics has also led us to believe there is potential for a thicker, mafic to intermediate
volcanic package than the previous regional geology map implies.
“We have high expectations for the West Madsen gold property gi ven it has the same geological
characteristics as recent discoveries in the Red Lake Greenston e Belt,” said Michael Romanik
President of GoldON. “The adjacent Pure Gold property has confirmed the potential for high-grade
gold mineralization observed near this particular crustal-break structure and the recent work
completed by our partner, Great Bear, highlights the potential for gold mineralization along these
GoldON Resources Ltd. | 108 - 800 Kelly Road, Suite 416, Victoria, BC V9B 6J9 | Tel.: (250) 474-7999
major crustal breaks within not only mafic volcanic rocks but also within the contact intermediate
to felsic volcanic rocks.”
R. Bob Singh, P. Geo, an independent qualified person as define d in National Instrument 43-101,
has reviewed and approved the technical contents of this news release on behalf of the Company.
About Rimini Exploration & Consulting Ltd.
Rimini Exploration and Consulting Ltd. principals have over 40 years of combined management
and exploration experience specif ic to the Red Lake Greenstone Belt, ranging from grassroots
exploration to reserve replacement.
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 7-kilometre breadth of
the property. GoldON has 13,783,220 shares issued and is fully funded to complete its
spring/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 Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.