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 xdmmdx3on Jan 13, 2011 5:43pm

380 Views

Post# 17968869

RE: RE: Just checked

tundra01:
"Take a look SXR just entered into a AGREEMENT TO AQUIRE OTHER CLAIMS ,guess that says it all for having no money , i'm not bashing just stating facts right from SXR office in TIMMINS."

Yes, lol, they are acquiring other claims. Very inexpensive claims, unlike the value of NCM's land which was an expensive proposition for SGX. Instead now they found land for only $20,000 for two years and a bunch of shares which may or may not have much value in two years from now for the seller.

SGX is really scraping the bottom of the barrel, looking for cheap land. Go for them, I hope they find something good, because they obviously couldn't afford the option NCM offered.

x

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