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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 beachmanon Jan 20, 2011 5:40pm
260 Views
Post# 18004293

RE: Overcut & Undercut...

RE: Overcut & Undercut...7 holes were drilled south on section 94 already.  Where is there room on this section for another south dipping hole?   There is no way hole 37 was a northerly step out hole from 33.   It's quite clear that hole 37 was drilled north, not south,  just like hole 2,  and was probably collared aroud 10 0000N.   It would have cut through the mineralized zone at a 45 degree angle and contrained the width of the zone to approx, 300 to 350m along this section.  A better terminolgy for a hole such as this is a "scissor hole".  Over cut is really a mining term.

Even if the potential pit extends onto Augen land, what's it worth and why should TRR worry about it right now?   You could wait for eons before TRR talks to GLD and it just may never happen.

Bullboard Posts