GoldON Resources Ltd V.GLD

Alternate Symbol(s): NCMBF

Metals & Mining Gold

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

GoldON Resources Ltd

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Comment by siboon Jun 01, 2007 6:46pm

225 Views

Post# 12880449

RE: Ownership

>>>That would make the potential of over 50% voting power to a select group. Is this good?>>> The EGX comparison is not valid. EGX has over 300M shares out as well. A better example for GLD's potential is Red Back (RBI). From $1.50 at feasibility to $5.50 over a couple of years or so. And, GLD will produce more than RBI and has fewer shares out. It's straight mining business from now and GLD has some of the best in place. Why would anyone interefere, whether they own 1% or 50?

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