GoldON to Conduct Property-Wide Airborne MAG Survey at Springpole East Property in Ontario’s Red Lake Mining District The Property adjoins First Mining Gold’s Springpole Project one of the largest undeveloped gold deposits in Canada at 3.8Moz probable reserves
FOR IMMEDIATE RELEASE
GoldON to Conduct Property-Wide Airborne MAG
Survey at Springpole East Property in Ontario’s Red
Lake Mining District
The Property adjoins First Mining Gold’s Springpole Project one of the largest
undeveloped gold deposits in Canada at 3.8Moz probable reserves
VICTORIA, BC, January 25, 2022 – GoldON Resources Ltd. (TSX-V: GLD) (“GoldON” or
the “Company”) is pleased to announce it has retained Prospectair Geosurveys to conduct a
property-wide, heliborne, high-resolution magnetom eter (MAG) survey at its recently acquired
Springpole East property (the “Property”) in the Red Lake Mining District of Northwestern Ontario
(See news release of December 8, 2021).
Figure 1: Regional map showing Springpole East location and GoldON’s other projects
The MAG survey is planned to be flown at 50-me tre flight line spacings for a total of 1,609-line
kilometres (km) to cover the 5,186- hectare Property and has been designed to provide a clearer
picture of the dominant geologica l trends and anomalous features on the Property that can be
explored later this year when fieldwork commences.
The western boundary of the Property adjoins the Springpole project owned by First Mining Gold
Corp. (TSX: FF), with the Springpole deposit located 9 km to the west of the boundary and hosting
reserves of 3.8 million ounces of gold and 20.5 mill ion ounces of silver. The 2021 pre-feasibility
study of Springpole is highlighted by a 30,000 tonnes per day mining operation with a life of mine
of 11 years.
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 seven
properties in the Red Lake Mini ng District (West Madsen, Spri ngpole East, Red Lake North,
Pipestone Bay, Pakwash North, McInnes Lake, a nd McDonough) and an eighth property in the
Patricia Mining District (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.