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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 beachmanon Apr 19, 2011 11:17am
394 Views
Post# 18453216

Drill program failure

Drill program failureI noticed that there is no more talk about drilling and rivers of gold.  Have you all accepted the fact that the drill program is a failure?  That's bad news.  Even the rising price of gold can't help this pooch.

TRR is not interested in GLD's property.  Get that through your thick skulls.

I do not recommend this stock.  The share price spikes will continue but ultimately the price will trend down.  Cash will burn much faster than you think.  The catalyst for the declining share price will be poor drill results.  Clearly the drills have found nothing along the border with TRR.   OUCH!
Bullboard Posts