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Australia Portfolio Highlights

Pacton’s strategy is to aggressively explore the Pilbara for eluvial & orogenic gold deposits. Geological data and target inventories are being compiled for the company’s projects in Western Australia’s Pilbara craton. The Company plans to carry out the next on-site work program once travel, and heritage access restrictions have been sufficiently lifted.

Numerous target types have been identified, most with surface gold occurrences, including Paleoarchean and Mesoarchean orogenic shear hosted occurrences and intrusion related environments. Most of tenements also contain the unconformably overlying, horizontal Fortescue Group gold-bearing Mount Roe and Hardey conglomerates.

Australia Portfolio Status

During 2021, Pacton adjusted the structure and management of its extensive land position in Western Australia’s Pilbara region. This was in response to Australian travel and lockdown conditions which have impacted the acquisition of land access and operating agreements.

Pacton sold a 100% interest in the large Arrow, Yandicoogina and Boodalyerrie projects to Raiden Resources Limited (ASX:RDN) for cash and Raiden shares. (See Pacton/Raiden Deal Tenements below). Upon completion of the agreements, Pacton acquired a 13.3% interest in the share capitalization of Raiden. Raiden holds a substantial land position in the Pilbara region and extensive properties in the Tethyan metallic belt of both Serbia and Bulgaria.

Pacton has retained its southern Egina tenements and leases, consisting of the Friendly Creek, Hong Kong and Golden Palms projects, together with two smaller tenements. No significant work was performed on these projects during 2020 or 2021 to date, due to lockdowns and related land access restrictions. Pacton has and will be submitting “Applications for Exemption from Expenditure Conditions” to maintain the tenements in good standing, as will many of the exploration companies that hold mineral properties in the Pilbara region.


Dale Ginn, P.Geo., has approved the information contained on this web page. Mr. Ginn is Executive Chairman and a director of the Company and a Qualified Person pursuant to National Instrument 43-101.


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