SAN FRANCISCO, Oct. 22, 2019 (GLOBE NEWSWIRE) -- If the adage in the mining business is "that the best place to find a mine is next to an old mine," then by extension, the best place to explore for gold is next to a successful exploration play, and GoldON Resources Ltd. (GLD:TSX.V) is a company that we believe deserves a closer look.
Company mentioned: GoldON Resources Ltd.
GoldON Resources is a mineral exploration company with a project generator business model, focused on exploration in Ontario, Canada, notably the famous and prolific Red Lake camp. It is focused on discovery-stage properties with a goal of adding value by defining, or redefining, using new exploration methods and exploration opportunities, and then sourcing a well-financed partner to advance the project by way of option or joint venture participation.
While the company's exploration efforts are still early days, GoldON has assembled at least three high-priority properties, Slate Falls, West Madsen and Bruce Lake, that after preliminary and advanced geological work are drill ready. GoldON has assembled a technical team with deep experience in the Red Lake area, a tight share structure with much of the shares owned by management, friends and family who believe in these projects. The company can run cost-effective exploration on all their road-accessible projects with a ready, experienced workforce and infrastructure including power and roads nearby.
Continue reading this article: Explorer in Canada's Red Lake District Moves Ahead with Three Projects
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DISCLOSURE:
John Newell is a portfolio manager at Fieldhouse Capital Management.
John Newell: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: GoldON. The following companies mentioned in this release are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. Officers and/or employees of Streetwise Reports (including members of their household) own securities of GoldON.
The full disclosure is provided at the article's end: Explorer in Canada's Red Lake District Moves Ahead with Three Projects