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.
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 [email protected]
Follow her on Twitter @AHarmantas