Selected Rock Grab Samples Assay up to 292.94 g/t Gold and 2,141 g/t Silver at GoldON’s 100% Owned Slate Falls Project Project is fully permitted and multiple targets are being prioritized for drilling
GoldON Resources Ltd. | 108 - 800 Kelly Road, Suite 416, Victoria, BC V9B 6J9 | Tel.: (250) 474-7999
FOR IMMEDIATE RELEASE
Selected Rock Grab Samples Assay up to 292.94
g/t Gold and 2,141 g/t Silver at GoldON’s 100%
Owned Slate Falls Project
Project is fully permitted and multiple targets are being prioritized for drilling
VICTORIA, BC, July 17, 2019 – GoldON Resources Ltd. (“GoldON” or the “Company”)
(TSX-V: GLD) is pleased to report the remaining assay results from the init ial 2019 sampling
program on its Slate Falls Gold-Silver Property that is located in the Meen-Dempster Greenstone
Belt between the Red Lake and Pickle Lake Gold Camps in northwestern Ontario.
Prospecting, sampling and rec onnaissance mapping was carried ou t at several locations on the
Property including the historical Trail, Sanderson, Sanderson E ast, Sanderson North zones and
other areas of interest. A total of 99 rock grab samples were collected and sent for gold (Au), silver
(Ag) and multi-element analysis. Assay results for the first batch of 10 samples were reported June
25, 2019 (see news release) and assay results for the remaining 89 samples range from nil up to
282.94 grams per ton (g/t) Au and 2,141 g/t Ag.
Highlights from latest sample assay results include:
Sample # Au
g/t
Ag
g/t Rock Sample Location
251116 282.94 2,141 Trail Zone
251117 162.00 1,832 Trail Zone
251118 106.10 1,064 Trail Zone
251123 32.95 542 Trail Zone
251152 11.63 141 Sanderson Zone
251171 9.13 310 Sanderson North Zone
251176 7.40 416 Sanderson East Zone
251190 1.16 17 Trail Zone Area Trench 100 metres NE of main Trail Zone
251033 0.52 5 East Claims, 4.7km SE of Trail Zone
251110 0.46 5 820 metres SW of Trail Zone
Note: the reader is cautioned that grab rock samples are selective by nature and may not represent
the true grade or style of mineralization across the Property.
GoldON Resources Ltd. | 108 - 800 Kelly Road, Suite 416, Victoria, BC V9B 6J9 | Tel.: (250) 474-7999
Seven of the rock grab samples were from the Trail Zone Trench and returned the best results of
282.94 g/t Au, 2,141 g/t Ag, 2.47% lead (Pb) and 1.9% zinc (Zn) from sample 251116 that was
described in the field as rusty quartz rubble with 1% pyrite/ch alcopyrite, 1% galena and 1%
sphalerite, with minor malachite staining.
Twenty-two samples were from the Sanderson Main Zone Trench and returned the best results of
11.63 g/t Au and 141 g/t Ag from sample 251152 that was describ ed in the field as quartz rubble
with 5-10% pyrite.
Sixteen samples were from the Sanderson North Trench and return ed the best results of 9.13 g/t
Au, 310 g/t Ag and 1.55% Zn from sample 251171 that was describ ed in the field as a quartz
stringer on the margin of an east-west trending felsic dyke, with 0.5% chalcopyrite and 0.5% galena
(and probably had unidentified sphalerite given the Zn grades).
Six samples were from the Sanderson East Zone Trench and return ed the best results of 7.40 g/t
Au, 416 g/t Ag, 1.57% Pb and 2.53% Zn from sample 251176 that w as described in the field as
quartz with 1% chalcopyrite, 1% galena, and 1% sphalerite from a 20cm wide, 100-degree trending
vein.
Fourteen samples were taken in trenched areas east and 100 metres northeast of the Trail Zone and
returned the best result of 1.16 g/t Au from sample 251190 that was described in the field as
strongly sheared and altered fels ic intrusive with a few 2-3cm quartz stringers from a 30cm wide
shear, trending 096/79 degrees south.
Eighteen samples were taken in the eastern portion of the Property (4.7 km southeast of Trail Zone)
where altered, sheared and mineralized felsic intrusive was observed as well as an up to 80cm wide
quartz vein in an approximately east-west shear in felsic intru sive, exposed for about 20m along
strike. The best result returned from this area was 0.52 g/t Au from sample 251033 that was
described in the field as silicified, sheared felsic intrusive with minor-moderate rust, minor-
moderate sericite and 1% disseminated pyrite.
The remaining 6 samples were taken in miscellaneous areas on th e Property. The best result
returned was 0.455 g/t Au from sample 251110 located 820 metres southwest of the Trail Zone
that was described in the field as a 2-3cm sugary quartz vein w ithin a felsic dyke, within mafic
volcanics, with 1% pyrite overall.
To download a table (PDF) with all the 2019 prospecting and sampling assay results click here.
The prospecting and sampling program has demonstrated that this portion of the Fry Lake-Bamaji
Lake Deformation corridor is well endowed with precious and base metal minerals. Mineralization
was not only confirmed at previous documented historical trenches but expanded along strike. The
program has also demonstrated that gold and silver mineralizati on is not only confined to the
volcanic-sedimentary sequence, but also found in later felsic intrusive lithologies.
“We are early in the project life cycle at Slate Falls and thes e results from the prospecting and
sampling program will be instrumental in guiding our drill plan. We have clearly defined our initial
high-grade targets and look forward to commencing our maiden dr ill program on the Property,”
said Michael Romanik, president of GoldON.
GoldON Resources Ltd. | 108 - 800 Kelly Road, Suite 416, Victoria, BC V9B 6J9 | Tel.: (250) 474-7999
The Slate Falls property is located in the Meen-Dempster Greens tone Belt between the Red Lake
and Pickle Lake Gold Camps (see location map Figure 1). The Fry Lake-Bamaji Lake Deformation
Zone passes through the Property representing first and second order crustal-scale structures that
cut stratigraphy that is similar to and contemporaneous with the stratigraphy which hosts the past-
producing Golden Patricia Gold Mine, which produced 620,000 oun ces of gold at 15 g/t Au
between 1988-1997 and lies 30 kilometres to the northeast.
QA/QC Protocol:
Rock grab samples were personally collected by Bruce MacLachlan , P.Geo. (Limited), secured
with zip ties and remained in his custody until personally delivered to SGS Laboratories in Thunder
Bay, Ontario for sample prepara tion. Analyses was performed at SGS Laboratories in Burnaby,
BC. Primary analytical methods by SGS for Au was GE_FAI313, a 3 0g Fire Assay with an ICP-
OES finish. Over-limits for Au beyond 10,000 ppb where then analyzed using method FAG333, a
lead fusion fire assay method with a gravimetric finish. Prima ry analytical methods for Ag, Cu,
Pb and Zn were analyzed utilizing SGS method GE_ICP40B, a 33 element 4 acid digest ICP-OES
method. Over-limits on Cu, Pb and Zn were analyzed utilizing GE_ICP41Q, while Ag over-limits
were analyzed using FAG333 as des cribed above. SGS Laboratories practices stringent Quality
Control Protocols with an insertion frequency of 14% for exploration and ore grade samples which
includes sample reduction blanks and duplicates, method blanks, weighted pulp replicates and
reference materials. There were no QA/QC failures in the above sample batch.
Mike Kilbourne, P. Geo, an inde pendent qualified person as defi ned in National Instrument 43-
101, has reviewed and approved the technical contents of this n ews release on behalf of the
Company.
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 11-kilometre breadth of
the property. GoldON has 13,874,782 shares issued and is fully funded to complete its 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 Provid er (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.