GoldON Quadruples Area of Slate Falls Gold- Silver Project in Northwestern Ontario Historical work on the expanded property has indentified at least eighteen mineralized zones that are interpreted as east-west striking shear-hosted gold-
GoldON Resources Ltd. | 108 - 800 Kelly Road, Suite 416, Victoria, BC V9B 6J9 | Tel.: (250) 474-7999
FOR IMMEDIATE RELEASE
GoldON Quadruples Area of Slate Falls Gold-
Silver Project in Northwestern Ontario
Historical work on the expanded property has indentified at least eighteen
mineralized zones that are interpreted as east-west striking shear-hosted gold-
silver bearing quartz veins with associated sulphide mineralization
VICTORIA, BC, September 6, 2017 – GoldON Resources Ltd. (“GoldON” or the
“Company”) (TSX-V: GLD) is pleased to announce it has staked 11 unpatented mining claims
in the Slate Falls area, which will roll into th e existing Slate Falls option agreement originally
announced on February 4 th, 2014. These new claims expand the Slate Falls property to the east
of the original claims and quadruple the size of the property to over 3,200 hectares (for claim
map and regional geology see Figure 1).
The Slate Falls property is located between the Red 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 1988 – Mar 1997) Golden Patricia Gold Mine
30 kilometres to the northeast.
The decision to enlarge the Slate Falls project area was based on the historical exploration data
available and the high grade gold-silver results the Company previously reported from its work
on the original claims in news release of August 19, 2014 (see sample photo and assay table
below). The expanded property covers similar geology with known high-grade mineral
occurrences.
Rock
Sample #
X co-ord
(East)
Y co-ord
(North)
Sample
type
Au
g/t
Ag
g/t Rock Description
549652 601119 5671053 grab 220.94 >2000 Trail Showing: rusty qtz vein
with 2-3% py, ga, cpy, sp.
549653 601965 5671672 grab 30.40 1111.23 Sanderson Showing: rusty qtz
vein with 5% ga, py, cp.
549654 601956
5671660 grab 4.40 280.50 Sanderson Showing, rusty qtz
vein.
549655 601986 5671666 grab 1.49 118.63 Sanderson Showing, 5% fine-
grained py in wallrock.
549656 601119 5671053 grab 172.33 1400.05 Trail Showing, rusty qtz vein
with 2-3% py, ga, cpy, sp.
Note: co-ordinates are NAD83 UTM Zone 15U
GoldON Resources Ltd. | 108 - 800 Kelly Road, Suite 416, Victoria, BC V9B 6J9 | Tel.: (250) 474-7999
The grab samples are selected samples and are no t representative of the mineralization hosted on
the property. The samples were personally co llected by Tim Twomey, P. Geo. and Qualified
Person within the meaning of National Instrument 43-101, and remained in his custody until he
delivered them to Accurassay Laboratories in Thunder Bay, Ontario. Analysis was performed
utilizing 50 gram fire assay.
“These new claims cover severa l additional mineral occurrences and now give di strict-scale
potential to the project,” said Michael Roma nik, President of GoldON. “We are currently
reviewing and merging all historical explorat ion data covering the expanded property and will
outline our fall exploration plan once the data compilation has been completed.”
The Slate Falls property is composed of mafi c metavolcanics rocks deposited in a submarine
environment. The mafic metavolcanics are intruded by gabbroic sills, mafic to ultramafic
intrusive bodies and felsic quartz-feldspar por phyry dykes and stocks. The felsic North Bamaji
Pluton occurs along the north shore of North Bamaji Lake. The greenstone belt has undergone
two generations of regional fold ing and shearing to form the Bamaji shear zone. The Rockmere-
Wesleyan synform strikes east-west across the length of the property with an eastwardly plunging
fold axis (Wallace, 1985, GR232). The fold axis of an antiformal 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 Slate Falls property is located 5 kilometres (k m) northeast of the comm unity 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 acce ssible by an all-weather road and regionally the area is well
traversed by logging roads and trails. Slate Falls is also accessible by float- or ski-equipped plane
charters from Pickle Lake, Sioux Lookout or Red Lake.
Julie Selway, Ph.D., P. Geo, an in dependent qualified 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 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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