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Red Lake Gold Project, Ontario

Red Lake Gold Project, Ontario

 

Highlights

About the Red Lake Gold Project

Pacton’s Red Lake Gold Project is strategically located between Pure Gold’s Madsen property, Great Bear Resource’s Dixie discovery, and Evolution Mining’s Red Lake mines. Pacton’s land package contains the contact between the prolific Balmer Assemblage and the Confederation Assemblage. Folded mafic and ultramafic volcanics with mafic and felsic intrusives are also present. Historic exploration work on the Red Lake Gold claims includes trenches, pits and surface sampling, with results as high as 133 g/t (reported historically).

The Red Lake area is typified by orogenic gold deposits associated with very deep, crustal-scale fault structures, and their fracture zones. The Balmer Assemblage has seen the majority of work in the area, and hosts most of the gold produced from Red Lake. The recent success of Great Bear Resources’ high-grade Dixie project within the Confederation Assemblage has ignited interest in a geological package which had previously seen limited exploration.

Figure 1

2020/2021 Drill Program

The recently completed drill program successfully identified a new trend (the Faulkenham gold trend) over a 600 meter strike. The trend in located within the Madsen Dixie Corridor and consists of low-grade, widespread mineralization near surface. It is open along strike and at depth. Other highlights of the drill program include 17.2 g/t Au over 0.5 meters in hole PAC-20-017, and the successful intersection of the Balmer Assemblage on Pacton’s property near Madsen Mine. 

Figure 2

Drilling Highlights

Table 1

Geophysical Surveys

A high-resolution airborne magnetic survey was completed in April 2019, and Lidar was flown in July 2019 (see news release). 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. An IP Survey was completed in August 2020 which identified multiple chargeability anomalies along the LP Extension. Pacton also participated in a 2D seismic survey concluded by Pure Gold in January 2021 which helped to define extensions of mineralized structures over Pure Gold and Pacton properties. Plans for a 3D seismic survey which will include 94 line kilometers over Pacton’s property are underway.

Figure 3

Surface Exploration

Initial prospecting at the project returned high-grade values including 126.5 g/t Au and 23.3 g/t Au from the Boyden prospect. A test soil program was completed in summer 2020 which yielded promising results (see news release) and was followed up on with an extensive soil sampling program in summer 2021 for which results are pending.

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.

09.22.2021

Pacton Drilling Identifies New Gold Trend; Advances Red Lake Project, Ontario

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09.16.2021

Pacton Hits Mineralization in Multiple Holes; Increases Interest in Sidace Gold Project

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05.26.2021

Pacton Commences Surface Program at Red Lake Gold Project, Ontario

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