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Pacton Gold starts new 10,000 metre drill program in Red Lake

Drilling will focus on the Boyden prospect, where recent channel samples revealed high-grade gold

Pacton Gold Inc. -
Highlight results of the channel samples included 101.3 grams per ton gold over a channel length of 0.4 metres

Pacton Gold Inc (CVE:PAC) (OTCMKTS:PACXF) announced Tuesday that drilling has begun on its Red Lake Gold project in the historic Ontario mining district. 

The Vancouver-based junior’s Red Lake property is situated between Pure Gold Mining's Madsen project, set for production next year, to the north, and Great Bear Mining's Dixie property to the south. 

The company is planning a 10,000-metre program to focus on high-priority targets at its Boyden and Carricona prospects and look for potential mineral extensions from nearby properties in the Madsen-Dixie fault corridor. 

READ: Pacton Gold finds multiple high-grade surface samples at Boyden prospect, Red Lake

Last week, Pacton reported new high-grade surface sample results from Boyden, which confirm future drill targets. 

Highlight results of the channel samples included 101.3 grams per ton (g/t) gold over a channel length of 0.4 metres (m) and 33.9 g/t of the yellow metal over 0.2 m. 

There was also 31.6 g/t gold over 0.3 m. 

In July, Pacton’s geologists also collected surface grab samples returning values including 19 g/t, 23.3 g/t and 126.5 g/t gold. 

Pacton, with its strategic partners, is focused on exploring and developing high-grade gold properties in the district-scale Pilbara gold rush in Western Australia and the Red Lake District, Ontario. 

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

Quick facts: Pacton Gold Inc.

Price: 1.55 CAD

Market: TSX-V
Market Cap: $51.19 m

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Pacton Gold announces 11,000 metre drill program for Sidace JV Project

Pacton Gold (CVE: PAC- OTC: PACXF) CEO Dale Ginn joined Steve Darling from Proactive to discuss the news the company is about to begin a new drill program at their joint venture project Sidace in Red Lake. Ginn discusses how big the program will be and where they are planning to drill. Ginn...

on 08/03/2020

2 min read