GoldON Resources is pleased to announce that Dr. Frederick W. Breaks has agreed to act as Technical Advisor on the Company’s recently acquired Paterson Lake lithium prospect located in the Separation Rapids Pegmatite Group of Northwestern Ontario’s Kenora Mining Division. Dr. Breaks is well known as a lithium and rare earth elements expert in Canada. A proven explorer with over 40 years of field work experience, his [...]
GoldON Resources is pleased to announce that it has been issued exploration permit PR-15-10779 for the recently acquired Paterson Lake lithium prospect located in the Separation Rapids Pegmatite Group of Northwestern Ontario’s Kenora Mining Division. The exploration permit was issued by the Development and Lands Branch of Ontario’s Ministry of Northern Development and Mines and is subject to the requirements of the Mining [...]
oldON Resources is pleased to announce it has acquired by staking a 100% interest in seven mineral claims, covering approximately 1,008 hectares, in the Paterson Lake area of Northwestern Ontario’s Kenora Mining Division. Property Highlights: lithium pegmatite property strategically located in same structural corridor as Big Whopper pegmatite; lithium oxide (Li2O) grades (1.03 to 1.64 wt.%) and rare metal mineralogy [...]
GoldON Resources is pleased to announce the appointment of Brian C. Doutaz to its Board of Directors. Mr. Doutaz is President of Anina International Capital Corp., a private British Columbia company that has been providing business management and consultancy services to emerging private and public companies in both Canada and the United States since 1980. Mr. Doutaz has experience in business and financial management [...]
GoldON Resources is pleased to announce it has acquired five unpatented mining claims near Pickle Lake, Ontario, Canada. These claims, which were acquired by staking and are held 100% by GoldON Resources and adjoin the Pickle Crow Gold Project now held by First Mining Finance Corp. since it acquired PC Gold Inc. last November. The Pickle Crow Project is host to a National Instrument (NI) 43-101 compliant inferred resource [...]
GoldON Resources is pleased to announce it has negotiated an amendment to the option agreement to acquire a 100% interest in the Slate Falls gold and silver property, located in Northwestern Ontario’s Patricia Mining Division. Pursuant to the amended terms, the Company has completed the share issuance requirements of the option agreement and the due dates for the three remaining cash payments have each been extended for [...]
GoldON Resources today announced analytical results for the drill hole completed on the Neville-Potier property last fall. As reported January 14, 2016, a single 210 meter (m) hole (NEV15-11) was drilled to test an in-phase VLF cross-over response that lies immediately north (150m) of a sub-angular altered felsic volcanic float boulder that returned 2.19 g/t Au in previous sampling.
GoldON Resources is pleased to provide an exploration update on the Company’s 100% owned Neville-Potier property, which adjoins the 7.716 million contained ounce Côté Gold Project (278.6 million tonnes grading 0.9 grams of gold per tonne of Indicated Resources) owned by Trelawney Mining and Exploration Inc., a subsidiary of IAMGOLD Corporation. The Property covers a 15 kilometer (km) swath along the Ridout Deformation [...]
GoldON Resources has completed its previously-announced shares-for-debt settlement with five creditors. The Company has issued 2,841,008 common shares at a deemed price of $0.05 per share in settlement of $142,050.41 of debt. The issued shares are subject to a four-month hold period expiring April 23, 2016.
GoldON Resources announces that it has negotiated a shares-for-debt settlement with five creditors. Subject to regulatory acceptance, the Company will issue 2,841,008 common shares at a deemed price of $0.05 per share in settlement of $142,050.41 of debt. The shares to be issued will be subject to a four-month hold period.
GoldON Resources announces that effective at the opening of trading on Wednesday, November 18, the Company’s share capital will begin trading on a post-consolidated basis. Letters of transmittal describing the process by which shareholders may obtain new GoldON Resources Ltd. certificates representing their consolidated shares were mailed to registered shareholders. Shareholders who hold their shares through a broker or [...]
GoldON Resources announces that its board of directors has approved a consolidation of the Company’s share capital on the basis of one new common share for every five old shares. The Company’s present issued and outstanding capital of 33,921,870 common shares will be reduced to approximately 6,784,374 common shares. The Company’s name and trading symbol will remain unchanged. The proposed consolidation is to facilitate [...]