GoldON Resources Ltd. (“GoldON” or the “Company”) (TSX-V: GLD) is pleased to announce it has closed a transaction to sell its Paterson Lake property to Avalon Advanced Materials Inc. (“Avalon”). The seven-claim, 1,008 hectare property is located adjacent to the north and west of Avalon’s Separation Rapids Lithium Project in Ontario’s Kenora Mining Division. Pursuant to the asset purchase agreement, GoldON sold a 100 [...]
GoldON Resources is pleased to announce it has entered into a definitive agreement to sell its Pickle Lake mining claims to First Mining Finance Corp. Pursuant to the asset purchase agreement, GoldON has agreed to sell a 100% interest in its five (5) unpatented mining claims located near Pickle Lake, Ontario in exchange for 200,000 shares of First Mining. The deemed value of the transaction is approximately $168,000 and [...]
GoldON Resources is pleased to announce the successful completion of the sale of its Swayze gold project mining claims to Trelawney Mining and Exploration. Under the terms of the definitive agreement previously announced on September 29, 2016, Trelawney purchased a 100% interest in GoldON’s Swayze Claims for $300,000 in cash, forgiveness of the $125,000 promissory note issued by GoldON to Trelawney, and assignment of [...]
GoldON Resources is pleased to announce the results of the Annual and Special General Meeting of Shareholders held on November 8, 2016, in Victoria. All resolutions outlined in the Information Circular of October 4, 2016 were ratified. This includes the sale of a 100% interest in GoldONs Swayze mining claims (located in the District of Sudbury in northeastern Ontario) to Trelawney Mining and Exploration Inc., a [...]
GoldON Resources is pleased to announce it has optioned 26 unpatented mining claims in the Rainy River Greenstone Belt of northwestern Ontario. These 26 new claims, which make up the Rainy Gold Project, include three distinct, non-contiguous claim blocks: the Tait Block consisting of 1 claim covering 128 hectares; the Off Lake Block consisting of 8 claims covering 1,248 hectares; and the Burditt Lake Block (consisting of [...]
GoldON Resources is pleased to announce it has entered into a definitive agreement with Trelawney Mining and Exploration to sell a 100% interest in GoldON’s Swayze Gold project mining claims, which are located in the District of Sudbury in northeastern Ontario and include the Chester, Mollie River and Neville-Potier claim blocks. Under the terms of the agreement, GoldON will receive $300,000 cash, forgiveness of the [...]
GoldON Resources announces that it will, subject to regulatory acceptance, issue 24,800 common shares at a price of $0.205 per share to Trelawney Mining and Exploration Inc. in payment of $5,084.08 of semi-annual interest accrued pursuant to its February 2014 promissory note. The interest shares are subject to a four-month hold period.
GoldON Resources announces that it has granted stock options to directors, officers and consultants to purchase up to 1,000,000 shares of the Company at $0.15 per share until May 2, 2021. GoldON Resources is an exploration company geographically focused on the prolific mining belts of Ontario, Canada. All of its properties are in good standing and include the drill-ready Slate Falls gold-silver-VMS property, the Paterson [...]
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 [...]