- GoldON Resources (TSXV:GLD) has announced it has acquired 100 per cent interest in the McInnes Lake Property
- The property is located in northwestern Ontario, approximately 100 kilometres east of the Ontario-Manitoba border
- The McInnes Lake property spans 29 kilometres and is up to 8.5 kilometres wide
- The McInnes Lake Greenstone Belt is situated along the North Caribou Terrace
- It is estimated that the Berens River Complex of the North Caribou Terrane has shown that gold deposits of the Red Lak camp and gold deposits on the LP Fault are associated with deep crustal-scale features
- Shares of GoldON Resources remain unchanged at C$0.28
GoldON Resources (GLD) has acquired a 100 per cent interest in the McInnes Lake Property via staking.
The property, located in northwestern Ontario roughly 100 kilometres from the Ontario-Manitoba border, is made up of 31 contiguous mining claims that total 11,424 hectares, and spans 29 kilometres and is up to 8.5 kilometres wide.
“Based on the association of these deep crustal-scale features to the deposits of the Red Lake Camp, we took a more regional approach to find similar structural pronouncements that led us to the McInnes Lake Greenstone Belt,” Mike Romanik, president of GoldON, said in a press release.
“This gives us a rare opportunity to control an entire belt that has seen very limited exploration; we are proceeding with a detailed compilation of all historical data to plan our initial fieldwork program.”
Seismic survey interpretations, which were done by Zang and Calvert 2006, indicate that the McInnes Lake Greenstone Belt is suggested to lie along a northern extension of a deep crustal E1 extension zone.
This means it has geological and mineralization implications for fluid and magmatic pathways for a range of precious and base metal deposit models.
Headquartered in Victoria, BC, GoldON Resources is an exploration company primarily focused on discovery-stage properties within the gold mining belts of northwestern Ontario.
The company’s current project portfolio includes six properties in the Red Lake Mining Division (West Madsen, Red Lake North, Pipestone Bay, McDonough, McInnes Lake and Pakwash North) and a seventh property in the Patricia Mining Division.
Shares of GoldON Resources remain unchanged at C$0.28.
