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Red Lake, Ontario

Red Lake Gold Project, Ontario

Highlights

Current Exploration Program

Drilling: A 10,000 meter drill program is expected to commence Q4 2019.  The initial focus will be the Boyden prospect, where recent and historical high-grade samples have been obtained (see news release). Other high-priority targets have also been identified (see news release).

The initial program will concentrate on the exploration of structurally controlled identified gold targets in the western part of the Red Lake project. Subsequently, drill targets are being 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.

Recent Work Program Success

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.

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 Work and 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.

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10.31.2019

Pacton Gold Adds 2,700 ha to Red Lake Land Package, Acquires Gullrock Lake Claims

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10.29.2019

Pacton Commences 10,000 m Drill Program at Red Lake Gold Project, Ontario

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10.23.2019

Pacton Encounters Multiple New High-Grade Gold Samples, Including 101.3 g/t Au and 33.9 g/t Au

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