IAMGOLD's 7.6 million ounce Cote Gold Deposit is ~3.5 km south of the drill targets
VICTORIA, BC / ACCESSWIRE / December 2, 2014 / GoldON Resources Ltd. (GLD.V) ("GoldON" or the "Company") is pleased to report that drilling has been completed on the Company's 100% owned Neville-Potier property (the "Property"). As previously announced on November 19, 2014, the two-hole, 400 meter drill program was designed to test two shallow gold targets developed from the geological mapping, prospecting, and geophysical surveying programs completed on the Property earlier this year. Drill core logging is in process and samples will be submitted for gold and multi-element analyses. Significant sample assay results will be reported as soon as available.
The Property, located approximately halfway between Timmins and Sudbury in the Porcupine Mining Division of Ontario, is part of GoldON's 100% owned Swayze Gold Project and is one of three non-contiguous claim blocks (Chester, Mollie River and Neville-Potier) that adjoin or are surrounded by the Cote Gold Project (NI 43-101 Indicated Resources of 7.6 million gold ounces) owned by Trelawney Mining and Exploration Inc., a subsidiary of IAMGOLD Corporation.
Refer to slides 15 through 23 of the GoldON presentation for property locations, 2014 work program areas, drill hole locations, etc.
The Property consists of 375 units covering 6,000 hectares. Access and infrastructure are excellent, with the Property's southern boundary located approximately 3 kilometers north of the Cote Gold Project camp.
Andrew Nevin, Ph.D, P.Eng., and Qualified Person as defined by National Instrument 43-101, has reviewed and approved the information contained in this news release on behalf of the Company.
About GoldON Resources Ltd.
GoldON Resources Ltd. is an exploration company geographically focused on two of the prolific gold mining belts of Ontario, Canada. The Company's properties include the Slate Falls gold-silver property in northwestern Ontario, and the Swayze gold project adjoining IAMGOLD's multi-million ounce Cote 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
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: GoldON Resources Ltd.