# GoldON Provides Update on Drilling at its West Madsen Gold Project in Ontario's Red Lake Camp Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/goldon-provides-update-on-drilling-at-its-west-madsen-gold-project-in-ontario-s--78fb81c4-cef2-4faf-a46d-891057feea38 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: 2026-09-14 03:29:40 UTC Narrative sentiment: 0.20 · Bullish ## Minestarters Atlas summary GoldON Resources has completed 1,828.42 metres of diamond drilling across five holes at the West Madsen gold project in Ontario. While the drilling intersected significant lithological targets, including the Balmer Assemblage ultramafics, assay results are still pending. Reasoning: The release provides a structural and lithological update on a recent drilling campaign but lacks the actual assay values required to confirm mineralization grades. - Positive factor: Intersection of ultramafic flows \(Balmer Assemblage\) which are known hosts for gold in the district - Positive factor: Discovery of new lithologies \(metasediments and mafic volcanic flows\) not intersected in prior programs - Positive factor: Traced granodiorite strike length to over 1.25 km - Negative factor: No new assay results reported in this release; results are pending - Negative factor: Drilling is currently in the logging/sampling stage Facts used in scoring: 2 ## Classification and evidence **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: The release does not disclose specific QA/QC protocols or laboratory results for the current September drilling campaign, stating only that assays are pending. Evidence · text > A summary and interpretation of the results will be released once all the final assays have been received. **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The project is positioned near the Madsen gold mine and mill complex owned by WRLG. Evidence · text > The eastern boundary of the West Madsen property is a 5 km drive from the Madsen gold mine and mill complex ## 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-extractions.minestarters.com/news/goldon-provides-update-on-drilling-at-its-west-madsen-gold-project-in-ontario-s--78fb81c4-cef2-4faf-a46d-891057feea38#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: canada\_on - Ticker: GLD #### Geometry - Grade: 0.16 - Grade Unit: g/t - Intercept: 195 m #### Classification - Sample Type: drill #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2024-10-03T00:00:00.000Z Reasoning: Historical intercept provided for context; low grade over a wide interval. Evidence · text > 0.16 g/t Au over 195 m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### WM-21-22 [Link to this fact](https://atlas-extractions.minestarters.com/news/goldon-provides-update-on-drilling-at-its-west-madsen-gold-project-in-ontario-s--78fb81c4-cef2-4faf-a46d-891057feea38#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: canada\_on - Ticker: GLD #### Geometry - Grade: 0.51 - Grade Unit: g/t - Intercept: 10.9 m #### Classification - Sample Type: drill #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2024-10-03T00:00:00.000Z Reasoning: Historical high-grade sub-interval within a larger low-grade intercept. Evidence · text > 0.51 g/t Au over 10.90 m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ## 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.