GoldON Stakes McInnes Lake Greenstone Belt North of Ontario’s Red Lake Gold Camp District Scale property of unexplored Balmer Assemblage lithologies similar to those that host the Red Lake Gold Camp.
FOR IMMEDIATE RELEASE
GoldON Stakes McInnes Lake Greenstone Belt North of
Ontario’s Red Lake Gold Camp
District Scale property of unexplored Balmer Assemblage lithologies similar to
those that host the Red Lake Gold Camp.
VICTORIA, BC – June 3, 2021 – GoldON Resources Ltd. (TSX-V: GLD) (“GoldON” or the
“Company”) is pleased to announce the acquisition via staking of a 100% interest in the McInnes
Lake property (the “Property”) in northwestern Ontario.
Located approximately 100 kilometres (km) east of the Ontario-Manitoba border and 117 km north
of the town of Red Lake, the Property is com posed of 31 contiguous mining claims (577 cells)
totaling approximately 11,424 hectares. The Property is 29 km long and up to 8.5 km wide.
Figure 1: Regional Map with location of McInnes Lake Property and GoldON’s Other Projects (click to enlarge)
The McInnes Lake Greenstone Belt lies within the North Caribou Terrane of the Superior Province.
Deep penetrating seismic studies north from the English Rive r domain through the Uchi domain
into the Berens River Complex of the North Caribou Terrane have shown that the gold deposits of
the Red Lake camp and gold deposits along the LP Fault, recently discovered by Great Bear
Resources, are associated with deep crustal-scale features.
According to seismic survey interpretations by Zang and Ca lvert 2006, the McInnes Lake
Greenstone Belt is interpreted to lie along a northern extension of a deep crustal E1 extensional
shear zone. This has geological and mineralization implications for fluid and magmatic pathways
for various precious and base metal deposit models.
Figure 2: Ontario Geological Survey Bedrock Geology (click to enlarge)
The McInnes Lake Greenstone Belt is comprised of a volcanic-sediment package of rocks
representing a back-arc environment ‘sandwiched’ in between two opposing granitic masses. Age-
dating of the McInnes Lake Gr eenstone Belt volcanic rocks are 2.93-2.97 billion years old
representing Balmer Assemblage aged lithologies (OGS Map P3589). The Balmer Assemblage is
host to most of the current gold resources an d historical gold produc tion in the Red Lake
Greenstone Belt.
“Based on the association of these deep crustal-scale features to the deposits of the Red Lake Camp,
we took a more regional approach to find simila r structural pronouncements that led us to the
McInnes Lake Greenstone Belt,” said Mike Romani k president of GoldON. “This gives us a rare
opportunity to control an entire belt that has seen very limited exploration; we are proceeding with
a detailed compilation of all historical data to plan our initial fieldwork program.”
Mike Kilbourne, P.Geo., an independent Qualifie d Person as defined in NI 43-101, has reviewed
and approved the contents of this news release on behalf of the Company.
About GoldON Resources Ltd.
GoldON is an exploration compan y focused on discovery-stage prop erties located in the prolific
gold mining belts of northwestern Ontario, Canada. Our current project portfolio includes six
properties in the Red Lake Mini ng Division (West Madsen, Re d Lake North, Pipestone Bay,
McDonough, McInnes Lake and Pakwash North) and a seventh property in the Patricia Mining
Division (Slate Falls).
For additional information: please visit our website at goldonresources.com, you can download
our latest investor presentation by clicking here and you can follow us on Twitter at
https://twitter.com/GoldONResources.
ON BEHALF OF THE BOARD
Signed “Michael Romanik”
Michael Romanik, President
GoldON Resources Ltd.
Direct line: (204) 724-0613
Email: [email protected]
179 - 2945 Jacklin Road, Suite 416
Victoria, BC, V9B 6J9
Forward-Looking Statements:
This news release may contain “forwa rd-looking statements” that involve known and unknown risks, uncertainties,
assumptions and other factors that may cause the actual results, performance or achievements of the Company to be
materially different from any future results, performance or achievements expressed or implied by the forward-looking
statements. Any forward-lo oking statement speaks only as of the date of this news release and, except as may be
required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking
statement, whether as a result of new information, future events or results or otherwise.
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.