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Red Lake Gold Project, Ontario

Red Lake Gold Project, Ontario

Highlights

Current Exploration Program

The 2020 field program is currently underway, targeting the MD corridor and high priority targets identified through data mining of geological and geophysical information (see news release). Work conducted during the season will include soil sampling, prospecting, diamond drilling, and geophysics.

Recent Work Program Success

Drilling: The first phase of drilling on the Red Lake Gold Property targeted historic mineral showings and began to define the structures through the MD corridor. Initial drilling successfully identified classic Red Lake gold accommodation zones which are defined by altered and brecciated quartz veins containing varying amounts of sulphide minerals. Results included 17.2 g/t Au over 0.5 m (see news release).

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.

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 (see news release).

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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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.

10.13.2020

Pacton Vends Certain Pilbara Properties for Shares and Cash, Retains 25% Carried Interest

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09.23.2020

Pacton Commences 11,500 m Drill Program at Sidace Gold Project in Red Lake, Ontario

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09.17.2020

Pacton Receives Permit; Prepares for 11,500 m Drill Program at Sidace Project in Red Lake, Ontario

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