# GoldON Provides Update on Drilling at its West Madsen Gold Project in Ontario's Red Lake Camp

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/goldon-provides-update-on-drilling-at-its-west-madsen-gold-project-in-ontario-s--dcd97639-a03b-4c65-aba2-c7139b7216a6

Original source: https://money.tmx.com/en/quote/GLD/news/8932352583315955/goldon-provides-update-on-drilling-at-its-west-madsen-gold-project-in-ontario-s-

Publisher: tmx

Original announcement: 2024-10-03T12:00:00.000Z

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: Copper

- Document categories: Drill results, Other

- Extracted: 2026-08-21 15:25:29 UTC

Narrative sentiment: 0.20 · Bullish

## Minestarters Atlas summary

GoldON has completed 1,828.42 metres of diamond drilling across five holes at the West Madsen gold project. While the drilling has successfully traced the granodiorite intrusive body for over 1.25 km and intersected new ultramafic flows, assay results are still pending.

Reasoning: The release provides a significant update on drilling progress and geological observations \(strike extension, new assemblage intersections\) but lacks the actual assay grades to confirm mineralization quality.

- Positive factor: extension of strike length

- Positive factor: intersection of new lithologies

- Positive factor: presence of chalcopyrite in ultramafic flows

- Negative factor: no assay results released yet

Facts used in scoring: 2

## 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 \(Mike Kilbourne, P.Geo.\) has approved the technical information.

Evidence · text

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

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: The strike length of the granodiorite has been traced for over 1.25 kilometres.

Evidence · text

> The strike length of the granodiorite has now been traced for over 1.25 kilometres.

## Extracted facts

Stored fact records: 2. Some facts used in scoring do not have a stored record.

## Drill Results (2)

### WM-21-22

[Link to this fact](https://atlas-staging.minestarters.com/news/goldon-provides-update-on-drilling-at-its-west-madsen-gold-project-in-ontario-s--dcd97639-a03b-4c65-aba2-c7139b7216a6#fact-drill-facts-0)

West Madsen · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: WM-21-22
- Project: West Madsen
- Commodity: gold
- Region: canada\_on
- Reported Region: Ontario
- Ticker: GLD

#### Geometry

- Grade: 0.16
- Grade Unit: g/t
- Intercept: 195 m

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2024-09-10T00:00:00.000Z

#### Dates

- Event date: 2024-10-03T00:00:00.000Z

Reasoning: Historical intercept restated from previous release.

Evidence · text

> follow-up on drill hole WM-21-22 where a granodiorite intrusive body reported 0.16 g/t Au over 195 m

### WM-21-22

[Link to this fact](https://atlas-staging.minestarters.com/news/goldon-provides-update-on-drilling-at-its-west-madsen-gold-project-in-ontario-s--dcd97639-a03b-4c65-aba2-c7139b7216a6#fact-drill-facts-1)

West Madsen · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: WM-21-22
- Project: West Madsen
- Commodity: gold
- Region: canada\_on
- Reported Region: Ontario
- Ticker: GLD

#### Geometry

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

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2024-09-10T00:00:00.000Z

#### Dates

- Event date: 2024-10-03T00:00:00.000Z

Reasoning: Historical sub-interval restated from previous release.

Evidence · text

> including 0.51 g/t Au over 10.90 m

## 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.