Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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
Post by beachmanon Jan 27, 2011 1:05pm
325 Views
Post# 18035359

Western Rookie

Western Rookie

The case history you provided was from Australia, not the Canadian Shield.  When was the last time Australia was covered by a sheet of ice?

You shouldn't really need to talk to anyone about SGH.   I think common sense should prevail here.   The vast majority of the Canadian Shield, including the Abitibi and Swazye areas, are covered by glacial drift/till.  Depths can reach several hundred meters.  There is no B horizon.  Remember that glacial drift does not represent the composition of bedrock below. 

Look at it this way.  GLD has no idea how thick the glacial drift is in the area of their survey.  Whatever the depth is what do you thing the results from the survey would represent?   Do you think the sampling of the top 10 cm or so of the glacial material represents the 10's of meters of glacial material below, or do you think it somehow reflects bedrock?  

Company's like GLD, which appears to be strictly promotional, will use SGH surveys as a promotional tool and to justify exploration and even drilling in areas that really should be just considered moose pasture.  Remember there is pressure on juniors to spend the money they raise on exploration, and investors prefer that the money is spent on drilling. 

Bullboard Posts