# Drilling Underway at GoldON's West Madsen Gold Project in Ontario's Red Lake Camp

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/drilling-underway-at-goldon-s-west-madsen-gold-project-in-ontario-s-red-lake-cam--02edc90d-55b3-4163-b20a-f7d48828c68d

Original source: https://money.tmx.com/en/quote/GLD/news/4829048093138137/drilling-underway-at-goldon-s-west-madsen-gold-project-in-ontario-s-red-lake-cam

Publisher: tmx

Original announcement: 2024-09-10T12:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: GoldON Resources Ltd.

- Ticker: GLD

- Exchange: TSX

- Region: Ontario

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Drill results, Other

- Extracted: 2026-08-21 15:24:24 UTC

Narrative sentiment: 0.40 · Bullish

## Minestarters Atlas summary

GoldON Resources has commenced exploration drilling at its West Madsen gold property in Ontario's Red Lake Camp. The company is targeting new areas based on historical mineralization and geophysical anomalies near the Madsen gold mine.

Reasoning: The announcement focuses on the commencement of a new drilling program, using historical intercepts from hole WM-21-22 to justify the new targets.

- Positive factor: commencement of new drilling phase

- Positive factor: proximity to Madsen gold mine

- Positive factor: historical high-grade intercept mentioned

- Negative factor: historical data being the primary driver of interest

Facts used in scoring: 3

## Classification and evidence

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: The release mentions a Qualified Person \(QP\) sign-off by Mike Kilbourne, P.Geo.

Evidence · text

> approved by Mike Kilbourne, P.Geo., who is a Qualified Person

## Extracted facts

Stored fact records: 3. Some facts used in scoring do not have a stored record.

## Drill Results (3)

### WM-21-22

[Link to this fact](https://atlas-staging.minestarters.com/news/drilling-underway-at-goldon-s-west-madsen-gold-project-in-ontario-s-red-lake-cam--02edc90d-55b3-4163-b20a-f7d48828c68d#fact-drill-facts-0)

West Madsen · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: WM-21-22
- Project: West Madsen
- Commodity: gold
- Ticker: GLD

#### Geometry

- Grade: 2.2
- Grade Unit: g/t
- Intercept: 2.2 m

#### Classification

- Sample Type: drill

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2024-09-10T00:00:00.000Z

Reasoning: Historical high-grade intercept of 2.2 g/t Au over 2.2m.

- Positive factor: high-grade intercept

Evidence · text

> elevated gold values of up to 2.2 g/t Au over 2.2 metres

### WM-21-22

[Link to this fact](https://atlas-staging.minestarters.com/news/drilling-underway-at-goldon-s-west-madsen-gold-project-in-ontario-s-red-lake-cam--02edc90d-55b3-4163-b20a-f7d48828c68d#fact-drill-facts-1)

West Madsen · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: WM-21-22
- Project: West Madsen
- Commodity: gold
- Ticker: GLD

#### Geometry

- Grade: 0.51
- Grade Unit: g/t
- Intercept: 10.9 m

#### Classification

- Sample Type: drill

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2024-09-10T00:00:00.000Z

Reasoning: Historical intercept of 0.51 g/t Au over 10.9m.

- Positive factor: consistent mineralization

Evidence · text

> broader interval of 0.51 g/t Au over 10.9 metres

### WM-21-22

[Link to this fact](https://atlas-staging.minestarters.com/news/drilling-underway-at-goldon-s-west-madsen-gold-project-in-ontario-s-red-lake-cam--02edc90d-55b3-4163-b20a-f7d48828c68d#fact-drill-facts-2)

West Madsen · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: WM-21-22
- Project: West Madsen
- Commodity: gold
- Ticker: GLD

#### Geometry

- Grade: 0.1
- Grade Unit: g/t
- Intercept: 195 m

#### Classification

- Sample Type: drill

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2024-09-10T00:00:00.000Z

Reasoning: Historical 195m zone of low-grade gold \(>0.1 g/t\).

- Positive factor: significant width

- Negative factor: low grade

Evidence · text

> 195-metre zone of relatively consistent low-grade gold mineralization \(i.e. values greater than 0.1 g/t Au\)

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.