McDonough Property
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Despite a prospective geological setting—marked by coincident geophysical and geochemical anomalies near a regional unconformity that hosts several mines within the Red Lake Gold Camp—drilling has yet to unlock the secrets of this part of the Camp,” Greg Lytle, President of Gold Finder.
Gold Finder (formerly GoldON) owns a 100% interest in the McDonough property (the “Property”), located approximately 15 kilometres north of the town of Red Lake. The 1,054-hectare Property is contiguous with Evolution Mining’s Slate Bay gold property and straddles a regional unconformity—an important structural feature associated with numerous gold deposits within the Red Lake Greenstone Belt (Figure 1).
Figure 1: Regional geological location of the McDonough property within the RLGB.
In 2025, a comprehensive review of all geochemical, geological, and diamond drilling data was completed to evaluate why the 2023 drill program did not intersect significant gold mineralization, despite targeting coincident geochemical and geophysical anomalies. The review also aimed to identify additional targets of merit for follow-up exploration.
Figure 2: McDonough 2025 property review, geology, and area recommendations.
Two areas were prioritized for further geological mapping, prospecting, and soil sampling:
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Southern Target Area: Located south of the 2023 drill sites, this zone trends toward a regional unconformity (Figure 2). Notably, hole MCD23-04 intersected an intermediate intrusive rock over its final 71 meters—comparable to the lithology hosting gold and silver mineralization in quartz veins at the Winter Road Lake West Occurrence in the western part of the property. According to the Ontario Mineral Inventory (OMI), 1987 diamond drilling at that occurrence returned 0.435 g/t gold and 2.7 oz/ton silver over 2.13 meters.
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Northern Target Area: Situated north of the 2023 drill program, this zone was highlighted during 2019 fieldwork, which identified additional outcrops of intermediate intrusive rock. These exposures may be prospective for gold mineralization and warrant systematic follow-up.
The topography of the Property is relatively flat, with less than 10% outcrop exposure. Over the past 15 years, extensive logging activity has created a network of trails that provide excellent access throughout the area, particularly via Pine Ridge Road. More recent logging has further improved accessibility to key portions of the Property highlighted in the 2020 high-resolution magnetic (MAG) survey.
Gold Finder holds a 100% interest in the McDonough Property, which is subject to a 1.5% net smelter returns (NSR) royalty held by EMX Royalty.