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Red Lake, Ontario

Red Lake Gold Project, Ontario

Recent Survey Results: A high-resolution airborne magnetic survey was completed in April 2019. Results indicate multiple areas of interest in the form of prominent linear structures containing small-to-large scale folding and faulting. Subsequent analysis of the high-resolution magnetics survey has improved the complex structure details of the property and highlights known gold-bearing trends that are present on Pacton’s Red Lake property that have never been explored.

Recent Surface Sampling: Initial sampling at the project has returned high-grade values including 126.5 g/t Au and 23.3 g/t Au from the Boyden prospect.

Historical Results: Previous work on the exploration targets identified by Pacton includes trenches, pits and surface sampling, and results as high as 133 g/t (reported historically).

Location and Geology: Pacton’s Red Lake Gold Project claims are strategically located between Pure Gold’s Madsen property including the Wedge Zone, Great Bear Resource’s Dixie discovery and GoldCorp’s Red Lake mines. Pacton’s land package contains both the prolific Balmer Assemblage, the Confederation Assemblage, and contains the contact between Confederation and Balmer Assemblage rock units as well as folded mafic and ultramafic volcanics with mafic and felsic intrusives also present. Until the recent success of Great Bear Resources’ high-grade Dixie project, exploration to date within Confederation Assemblage rock units has been limited and sporadic with most of the Red Lake work concentrated in Balmer Assemblage units which host the majority of gold produced from the area. Gold deposits in the Red Lake area are classified as orogenic gold deposits and characterized by a strong association with very deep, crustal-scale fault structures, and their associated fracture zones. The gold deposits are also largely restricted to brittle-ductile transition zones in the host rocks.

Current Exploration Program: A detailed mapping and prospecting program is underway at Pacton’s Red Lake Gold Project, with a 10,000 meter drill program planned to commence in the late-summer. The initial program will concentrate on the exploration of Riedel shear associated and identified gold targets in the western part of the Red Lake project. Subsequently, drill targets will be developed along structures that are considered analogous to those that host gold deposits within the historic Red Lake Mine trend immediately north of Pacton’s main claim group.

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