GoldON Resources Ltd. is a company offering speculative investors interested in gold and mineral exploration an opportunity for capital appreciation as it meets key criteria that should be part of any due diligence check list: (1) good capital structure with under 9 million shares issued; (2) discovery-stage projects that exhibit the potential to host large scale mineralizing systems; and (3) an experienced management team with a broad network of contacts to draw upon from both the resource sector and the investment community.
GoldON utilizes a Project Generator Business Model with a mandate to:
– create shareholder value through the exploration and discovery of gold and associated mineral deposits;
– focus exploration on overlooked and underexplored opportunities in active, pro-mining areas;
– maintain ownership or control of a project during the high-value creation phase of discovery; and
– source well-financed partners capable of accelerating discovery, resource definition and development.
The objective of the Project Generator Model is to increase the odds of exploration success by having equity stakes in multiple projects. This approach fosters lower exploration and administration expense, limits the need to do equity financings, and minimizes shareholder dilution.
The Company’s current projects are discovery-stage and include:
The Slate Falls Property
— located in the Uchi Subprovince that includes a number of greenstone belts and a rich history of hosting economic gold deposits in the Rice Lake, Pickle Crow and Red Lake gold camps that have produced over 28 million ounces of gold to date; and
The Rainy Gold Project
— located in the Rainy River greenstone belt adjoining New Gold's Rainy River gold-silver mine that commenced commercial production in October 2017.
Management is constantly investigating and evaluating other strategically located exploration opportunities in Ontario that could enhance the Company’s growth profile and add shareholder value.