The study, completed by Orix Geoscience, integrated all historical lithology and geochemistry data with new data from the company’s recently completed high-resolution magnetometer survey.

GoldON acquired the property, which had little historical exploration data, in February 2021.

The property had only one assessment from a 2009 regional overburden sampling program that included 123 till samples that revealed gold grades above the 95 percentile.

With the compilation and reinterpretation study in hand, the company now has a greater understanding of the geological and structural framework of the property.

Highlights from the study include the following geological characteristics:

• A concise stratigraphic and folded layering of various volcanic, ultra-mafic, and felsic intrusive lithologies;
• A prominent deformation/shear zone ranging from 100 to 750 metres wide;
• A D1 deformation event interpreted by north-striking units with regional flattening foliation parallel to the bedding; and
• Narrow bands of high magnetic chemical metasedimentary rocks

Orix Geoscience recommended that GoldON complete a prospecting program to further trace prospective units, contacts, and structures that could be associated with anomalous gold samples.

GoldON is an exploration company focused on discovery-stage properties in the prolific gold mining belts of northwestern Ontario.

Its project portfolio includes six properties in the Red Lake Mining Division and a seventh property in the Patricia Mining Division.

GoldON Resources Ltd. (GLD) is currently trading at $0.285 per share.