GoldON Resources Outlines 2014 Exploration Plans for its Swayze Gold
posted on
Sep 01, 2014 07:29PM
GLD’s claims adjoin Trelawney-IAMGOLD’s multi-million ounce Cote Gold Project
GoldON Resources Outlines 2014 Exploration Plans for its Swayze Gold Project in the Porcupine Mining Division of Ontario
Swayze Project consists of three non-contiguous properties that adjoin or are surrounded by Trelawney-IAMGOLD’s multi-million ounce Côté Gold Project
Victoria, British Columbia (FSCwire) - GoldON Resources Ltd. (TSX-V: GLD) is pleased to provide an outline of its 2014 exploration plans for its 100% owned Swayze gold properties (the “Swayze Project”) located approximately halfway between Timmins and Sudbury, in the Porcupine Mining Division of Ontario. The Swayze Project consists of three non-contiguous properties, the Chester, Mollie River and Neville-Potier claim blocks, that adjoin or are surrounded by Trelawney Mining and Exploration Inc, (“Trelawney”) multi-million ounce Côté Gold Project.
This year’s work will continue to focus on a portion of the Neville-Potier Claims (“NP Claims”) covered by a geophysical feature of particular significance. The feature is a major magnetic low that includes the historical Chester gold operations, Trelawney’s Côté Gold deposit and extends north into the NP Claims as shown on the Aeromag map (see slide 15 of the GoldON presentation available at www.goldonresources.com).
Trelawney, a subsidiary of IAMGOLD Corporation (“IAMGOLD”), is the operator of this year’s work program on the NP Claims.
Work began in February with a follow-up IP/resistivity survey completed to better define the geological, geophysical and structural features interpreted as worthy of drill testing. Final interpretations of the Survey results are pending and geological verification of the specific geophysical responses will be carried out this summer as required. Diamond drilling will also be carried out this fall that will be more focused on testing a few anomalies delineated in the target area. GoldON will provide more detailed information as it becomes available.
About GoldON Resources Ltd.
GoldON Resources Ltd. is an exploration company geographically focused on two of the prolific gold mining belts of Ontario, Canada. Its properties include the Slate Falls and Pickle Lake gold properties in northwestern Ontario and the Swayze Gold Property adjoining Trelawney-IAMGOLD’s multi-million ounce Côté Gold Project in the Swayze Greenstone Belt.
For more information, visit www.goldonresources.com
ON BEHALF OF THE BOARD
Signed “Michael Romanik”
Michael Romanik, President
Direct line: (204) 724-0613
Email: info@goldonresources.com