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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Post by fourbarrelson Jul 11, 2011 4:54pm

243 Views

Post# 18819758

HOLD the line

Do not get robbed here folks.
Look at other buy-out news out today and think about it. We need a much higher premium.
U.S. platinum giant snaps up Peregrine Metals
Story courtesy of FinancialPost.com
Last Updated: Monday, July 11, 2011 | 10:18 AM EDT
Shares of Canadian junior miner Peregrine Metals Ltd. are soaring after Stillwater Mining Ltd. agreed to pay a staggering premium for the Vancouver-based company.
Stillwater, the U.S. platinum giant, is paying US$487.1-million in cash and stock for Peregrine, or about $3.16 a share. Peregrine shares, which closed at just 81¢ last Friday, were up 250% on $2.84 on Monday morning. The deal gives Stillwater the Altar copper-gold project in Argentina.

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