Pacton Gold Selects First Priority Target Area for 10,000 m Drill Program at the Red Lake Gold Project
Vancouver, British Columbia, September 11, 2019 – Pacton Gold Inc. (TSXV: PAC, OTC: PACXF) (the “Company” or “Pacton”) is pleased to provide an update on the upcoming 10,000 m exploration drill program at the Red Lake Gold project in northwest Ontario. The Company has selected the first priority target area at the Boyden prospect, where Pacton geologists have collected surface grab samples returning values including 19.0 g/t Au, 23.3 g/t Au and 126.5 g/t Au (see Pacton news release dated July 26, 2019). Historic sampling in the prospect area also includes 6.0 g/t Au and 147.4 g/t Au (Figure 1). The drill program is scheduled to begin within the next month.
Field crews are currently stripping and preparing drill sites in the Boyden area. The team is also in the final stages of clearing historic trenches and pits, as well as outcrop stripping, in other key areas of the property in order to prioritize further drill targets.
About the Boyden Prospect
The Boyden prospect lies within the Madsen-Dixie fault corridor, a 50 km long multi-fault zone that transects Pacton’s Red Lake property (Figure 2). The prospect is underlain by intermediate to mafic volcanic rocks with pyrite, galena, sphalerite and gold mineralization associated with quartz veining and silicification. The area has had limited historic exploration work including trenching and pitting with eight historic drill holes ranging from 20 to 200 meters depth.
Figure 1. Boyden prospect area showing recent sample locations collected by Pacton with historic trenching, sampling and drilling locations.
Figure 2. Pacton Gold’s Red Lake Gold Project claim map showing other active projects and the Madsen-Dixie fault corridor.
About Pacton Gold
Pacton Gold is a Canadian exploration company with key strategic partners focused on the exploration and development of high grade conglomerate and orogenic gold properties located in the district-scale Pilbara gold rush in Western Australia and the Red Lake District, Ontario.
The technical content of this news release has been reviewed and approved by Dale Ginn, P.Geo., Executive Chairman and a director of the Company and a Qualified Person pursuant to National Instrument 43-101.
On Behalf of the Board of Pacton Gold Inc.
R. Dale Ginn
For more information, please contact 1-(855)-584-0258 or [email protected].
This news release may contain or refer to forward-looking information based on current expectations, including, but not limited to the Company achieving success in exploring its properties and the impact on the Company of these events, including the effect on its share price. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances. References to other issuers with nearby projects is for information purposes only and there are no assurances the Company will achieve similar results.
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