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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
Post by tentongoldon Mar 07, 2011 7:07pm
201 Views
Post# 18247572

I emphatically suggested this in the first place

I emphatically suggested this in the first place
Now they are moving the drill into the zone of aeromagnetic lows on the Nanoteslas (nT) scale that immediately surround the mag high feature that i have spent time going over here in some detail . The area of low mag readings immediately surrounding the mag high feature in such the geological setting as we have here is where you want your drill. My previous posts bear this out in detail but i steered clear at the time of criticizing their choice of locations WC-11-128 to 130, which in fact were positioned directly over the area mag high .

Here is the write up in today's NR regarding this moving of the drill into the locations i have previously regarded as thee very location/s to do the drill holes in the first place.

.......now we wait some more and get hammered in the process but the end result will be a huge.... huge.... improvement over these misses.......


"Augen Gold will explore the area interpreted as the centre of a large REDOX type of SGH anomaly, a part which would be located between the two groups of drill holes described above. A portion of this area is near the occurrence of chloritized rock in drill hole WC11-130, and chloritized rock generally shows positive correlation to significant gold in the region.

The company will also test for the north-westerly dip extension of the Coté Lake Gold Deposit, with five vertical drill holes spaced one hundred metres apart and positioned near Augen Gold's property boundary with Trelawney. These holes are south to southwest of drill hole WC11-130 and will be drilled to a depth of 500 metres."


Maps....old and new.
https://www.augengold.ca/docs/wp-content/augenuploads/WCG%20redox%20interp%20Feb%2028%202011.pdf

https://www.augengold.ca/docs/wp-content/augenuploads/augmapdec13.gif

Bullboard Posts