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GoldON Resources Ltd V.GLD

Alternate Symbol(s):  NCMBF

GoldON Resources Ltd. is a Canada-based mineral exploration company, which is focused on discovery-stage properties. The Company is in the business of exploring its mineral exploration assets. Its projects include West Madsen, Slate Falls, Pipestone Bay, Pakwash North, McInnes Lake, McDonough and Hagarty Creek. The Pipestone Bay Property is located within the Red Lake Greenstone Belt (RLGB) approximately 32 kilometers (km) west of the town of Red Lake, the 1,015-hectare Pipestone Bay Property lies in an area of numerous significant gold occurrences, including two past producers and four developed prospects. The Hagarty Creek property comprises 17 mining claims covering 7,731 hectares. The property is approximately 46 kilometers (km) southeast of the town of Longlac in the municipality of Greenstone, Ontario. The McInnes Lake Property is located over 115 kilometers (km) north of the town of Red Lake. The West Madsen Property is located in the heart of the Red Lake Gold Camp.


TSXV:GLD - Post by User

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Post by skyhi0on Oct 05, 2006 12:23pm
238 Views
Post# 11466642

I expect...

I expect...there are palns to drill in the next few weeks before the end of the season..... From web site..... (emphasis mine) SUMMER DRILLING PROGRAM VICTORIA, BC, July 10, 2006 – Newcastle Minerals Ltd. (TSXV:NCM) is pleased to announce the commencement of brushing and clearing of existing helipads and geochemical surveyed lines on the Snip North Property in preparation of a .......""1500 meter diamond drill program scheduled to be completed by early fall, 2006"". Snip North Property The Snip North Property is located immediately to the north of the SNIP Mine. Several previous phases of exploration have been carried out and comprised mainly geological mapping, trenching, geochemical surveys (heavy mineral, silt, soil and rock), and lesser amounts of prospecting, geophysical surveys (VLF and EM - both ground and airborne) and 56 diamond drill holes. The Gorge showing was evaluated by a number of drill holes – both on the area covered by the Newcastle’s Snip North claim and the area immediately to the west. The Gorge showing, which straddles the Snip North western claim boundary confirmed the presence of significant gold grades (>15 grams per tonne) over substantial widths (>2.0 metres). An analysis of the drill results indicates that the gold-bearing structures are disjointed and/or are developed along more than one attitude. A large zone of porphyry copper and molybdenum mineralization has been identified near the center of the property. Several holes intersected abundant disseminated and stringer veins of chalcopyrite with significant amounts of molybdenum mineralization from the surface to the bottom of the hole. The porphyry zone is enveloped by a broad pyrite halo containing gold and copper values. To the north and northwest, the disseminated pyrite mineralization abruptly changes to mineralized shear zones carrying quartz and sulphide veins. The porphyry copper/molybdenum mineralization embodies a first class target. A large ovoid magnetic feature encompasses the known mineralization and suggests that the porphyry mineralization has the potential to be quite large. The possible extensions to the high-grade Gorge vein system also represent significant targets. In addition, there are several small gold-in-soil geochemical anomalies, which have not yet been investigated but represent valid exploration targets. Previous workers have noted that magnetite is associated with several of the showings. This press release has been prepared under the supervision of Mr. David G. DuPre, P.Geo., who serves as the qualified person for this project under National Instrument 43-101. ON BEHALF OF THE BOARD Signed “Kevin Whelan_” Kevin C. Whelan, President The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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