GoldON Resources Stock

GoldON Resources Ltd., a junior exploration company, engages in the business of exploring its mineral exploration assets.

As of June 30, 2021, the company was in the exploration stage and had interests in properties in Ontario, Canada. The company owns the West Madsen Project located in the Red Lake gold camp, the Slate Falls Project located near Slate Falls in northwestern Ontario and the McInnes Lake property located north of Red Lake, Ontario. The company also has options to purchase the Red Lake, Bruce Lake and Red Lake North properties.

Exploration and Evaluation Assets

Slate Falls Project

The company owns a 100% interest in the Slate Falls Project located near Slate Falls in northwestern Ontario. The company owns 82 cell mineral claims covering approximately 5,656 hectares located five kilometres northeast of the community of Slate Falls, 90 kilometres west of Pickle Lake, 120 kilometres north of Sioux Lookout and 160 kilometres east of Red Lake.

West Madsen Gold Project

In 2019, the company acquired an option to purchase up to 100% of the West Madsen Project comprising two contiguous claim blocks in Ontario’s Red Lake gold camp. In July 2020, the company entered into an option agreement to purchase 100% of the Flat Lake and Madsen Medicine Stone claim groups adjacent to the original West Madsen Project.

The West Madsen Gold Project comprises two contiguous claim blocks – Blocks A and B – each roughly six kilometres by three kilometres in size for a total area of 5,170 hectares. In December 2020, the Company purchased the Flat Lake and the Madsen-Medicine Stone claim groups that adjoin Block A of the West Madsen Property.

Red Lake Properties

In 2019, the company entered into an option agreement to acquire three properties located near Red Lake, Ontario.

Pipestone Bay Claim Group: The Pipestone Bay claim group comprises 914 hectares within the Red Lake Greenstone Belt and is located 32 kilometres west of the town of Red Lake.

McDonough Claim Group: The McDonough claim group comprises 69 full and partial cells covering 1,062 hectares within the Red Lake Greenstone Belt.

Pakwash North/Bruce Lake Property

In 2019, the company entered into an option to purchase the Pakwash North/Bruce Lake Property, which consists of 152 cell mining claims covering approximately 3,103 hectares in an underexplored area of the Uchi Greenstone Belt. In March 2021, the company entered into an agreement with BTU Metals Ltd. (BTU) granting BTU an option to acquire up to an 80% ownership interest in the Bruce Lake property.

McInnes Lake Property

In February 2021, the company staked the McInnes Lake property, which comprises 31 contiguous claims covering 11,424 hectares located 117 kilometres north of Red Lake, Ontario.

Red Lake North Property

In February 2021, the company entered into an option agreement to acquire a 100% interest in the Red Lake North property located in the Red Lake Mining District of Northwestern Ontario. The property comprises nine contiguous mining claims covering 3,347 hectares and is located approximately 65 kilometres north of the town of Red Lake.

History

The company was incorporated in 1977 under the laws of the province of British Columbia, Canada. It was formerly known as Newcastle Minerals Ltd. and changed its name to GoldON Resources Ltd. in 2013.