GoldON Enters into Option Agreement with BTU Metals on Bruce Lake Property Southeast of Red Lake
Victoria, British Columbia--(Newsfile Corp. - March 23, 2021) - GoldON Resources Ltd. (TSXV: GLD) ("GoldON" or the "Company") is pleased to announce it has entered into an agreement with BTU Metals Ltd. (BTU) granting BTU an option to acquire up to an 80% ownership interest in GoldON's Bruce Lake property (the "Property").
- Victoria, British Columbia--(Newsfile Corp. - March 23, 2021) - GoldON Resources Ltd. (TSXV: GLD) ("GoldON" or the "Company") is pleased to announce it has entered into an agreement with BTU Metals Ltd. (BTU) granting BTU an option to acquire up to an 80% ownership interest in GoldON's Bruce Lake property (the "Property").
- The Property is comprised of 152-cell mining claims covering 3,103 hectares (ha) and is located approximately 36 kilometres (km) southeast of the town of Red Lake in an underexplored area of the Uchi Greenstone Belt.
- Our current project portfolio includes four properties in the Red Lake Mining Division (West Madsen, Pipestone Bay, McDonough and Bruce Lake) and a fifth property in the Patricia Mining Division (Slate Falls).
- GoldON is fully funded to complete the Phase II drilling program in progress at West Madsen.