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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

Bullboard Posts
Comment by Minefinder1on Jan 08, 2010 10:14am
293 Views
Post# 16654533

RE: RE: Newcastle options property patents in West

RE: RE: Newcastle options property patents in WestI know the area very well and this was the last, large piece of highly prospective rocks - in the key volcanic sequence, available. There are known occurrences of gold mineralization immediately adjacent the property, which is largely overburden covered, and the property lies along the Bristol fault extension. The Bristol fault is a key structural component to the development of the Timmins West mine that Lake Shore owns. Explorer resources project (now a $1.00 stock although likely over priced based on results to date) lies along the same structure to the east of LSG.

The property is approx. 3.0 kilometres north of the Destor Porcupine fault. Would be surprised if Lake Shore does not come knocking at their door as some point as they look to continue to consolidate the West Timmins camp.
Bullboard Posts