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.

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GoldON Resources Ltd

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Post by xdmmdx3on Jan 13, 2011 2:35pm

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Post# 17967693

Comments...

In respect to what tundra01 stated, I completely disagree because I understand somewhat the geology of the area. Im guessing tundra doesn't. The problem was that SGX didn't drill deep enough. All the good finds in this area were found a lot deeper than the shallow drilling SGX was doing. Was a blessing to NCM though, because they got back the property 100%, got paid in SGX shares and cash, and received all the data SGX compiled. Not bad!

Good luck to all,

x

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