GoldON Provides Overview of New Slate Falls Gold-Silver Claims in Northwestern Ontario The new claims add at least five known precious metal occurrences to the Slate Falls Project
GoldON Resources Ltd. | 108 - 800 Kelly Road, Suite 416, Victoria, BC V9B 6J9 | Tel.: (250) 474-7999
FOR IMMEDIATE RELEASE
GoldON Provides Overview of New Slate Falls Gold-Silver
Claims in Northwestern Ontario
The new claims add at least five known precious metal occurrences to the Slate
Falls Project
VICTORIA, BC, September 13, 2017 – GoldON Resources Ltd. (“GoldON” or the “Company”)
(TSX-V: GLD) is pleased to provide an overview of hist orical exploration work carried out on the
recently acquired Slate Falls gold and silver property claims, located approximately 30 kilometres (km)
southwest of the past-producing Golden Patricia Mine in Northwestern Ontario.
The recently staked claims (see news release of September 6, 2017 ) have at least five known gold
occurrences that include the: FTM Zone, Corner Oc currence, BAD-02 Occurrence, Hydroline Occurrence
and T-02 showing (for map of new claims, loca tion of gold occurrences and regional geology see Figure
1). A 1971 ground IP survey identified seven nort heast trending anomalies which roughly correspond to
ten airborne EM anomalies identified in a 1997 survey . The area of the airborne EM anomalies is 100 to
700 meters long and the anomalies closely match 12 r esidual magnetic anomalies also identified in 1997.
These IP, EM and residual magnetic anomalies corres pond to gold mineralization and represent excellent
exploration target areas (for map of new claims with geophysical interpretations and gold occurrences see
Figure 2).
Highlights of historical exploration work:
FTM Zone
The FTM Zone has been interpreted as an east-west shear zone with quartz veins, tourmaline, pyrite, and
minor sphalerite, galena and chalcopyrite. FTM Zone corresponds to EM anomaly 13.
Grab sampling in 1985 found up to 123.03 g/t Au
Grab sampling in 1996 found three anomalous samples from the main trench. Sample SF-10
contains 12.03 g/t Au, sample SF-11 12.59 g/t Au and sample SF-12 6.36 g/t Au.
Grab sampling in 1997 found three anomalous sa mples: sample 67894 with 39.14 g/t Au, sample
67895 with 53.80 g/t Au and sample 67896 with 118.51 g/t Au.
Corner Occurrence
The Corner Occurrence is interpre ted as an east-west striking shear with an exposed quartz vein. The
shearing appears to be related to an antiformal hinge zone that plunges to the west at 20°.
Grab sampling in 1995 found three significant samp les at this occurrence. Sample BAD-01 is a
quartz vein with 2-3% sulphides with 11.36 g/t Au and 28.54 g/t Ag. Sample RK-01 is a 3 cm
quartz stringer with chalcopyrite, pyrite and sphalerite with 62.58 g/t Au and 203.69 g/t Ag.
GoldON Resources Ltd. | 108 - 800 Kelly Road, Suite 416, Victoria, BC V9B 6J9 | Tel.: (250) 474-7999
Grab sampling in 1997 found a milky white quartz vein in shear zone with 22.63 g/t Au.
Grab sampling completed in 2002 near the Corn er Occurrence along the contact of the North
Bamaji Pluton found one anomalous sample. Sa mple 23066 (or the BAD-51 Area) in a felsic
intrusive with 10-15% quartz stockwork and minor pyrite has 3.97 g/t Au.
T-02 Showing
Sampling completed in 1995 includes sample T-02 in th e easternmost part of the Property. Sample T-02 is
interpreted as a sheared felsic intr usive with 2% sulphides and 1.69 g/t Au and 117.31 g/t Ag. The
showing was sampled again in 2006 and one grab sa mple UL-01 of quartz-rich trondhjemite contained
1.23 g/t Au.
Note: The historical grab sample results referenced above are selected samples and are not representative
of the mineralization hosted on the property.
“At least 18 mineralized zones that have been iden tified across the ~10km breadth of our expanded Slate
Falls property, some with bonanza-grade gold and silver results, yet the area has never undergone
systematic exploration,” said Michael Romanik, President of GoldON. “We are progressing with our
review and compilation of all historical geophysical, ge ochemical and geological data to prepare our fall
exploration plan.”
The Slate Falls property is located 5 kilometres northeast 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 all-weather road and regionally th e area is well traversed by logging roads and trails.
Slate Falls is also accessible by float- or ski-equi pped plane charters from Pickle Lake, Sioux Lookout or
Red Lake.
Julie Selway, Ph.D., P. Geo, an independent qualifie d person as defined in National Instrument 43-101,
has reviewed and approved the 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 gold mining
belts of Ontario, Canada. All of its properties are in good standing and include the Slate Falls gold-silver
property in northwestern Ontario and the Rainy Gold project which is next to New Gold’s Rainy River
Mine. To visit GoldON’s website and view the 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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