Pacton Gold receives exploration drilling permit at Red Lake Project, Ontario

Map: Pacton Gold

Pacton Gold Inc. announces that it has received an exploration drilling permit for the Red Lake Gold project from the Ontario Ministry of Northern Development and Mines. This exploration permit will allow the Company to conduct diamond drilling and outcrop cleaning and stripping.


Exploration Permit Received. The permit covers the Boyden and Carricona prospect areas within the Madsen-Dixie fault corridor where recent surface sample results have returned values up to 126.5 g/t Au from selective grabs (see Pacton news July 26, 2019). Numerous historical trenches have been uncovered in these areas that exhibit positive geological characteristics such as sheared felsic/mafic contacts and mineralized quartz veining with pyrite, galena and occasional visible gold.


Drilling and Outcrop Cleaning. Pacton will immediately begin a comprehensive outcrop cleaning/mapping program followed by a minimum 10,000 meter drilling program to begin in fall 2019.  Bidding from drill contractors and other logistics are currently underway. 


Multiple Drill Targets. Surface mapping and sampling activities are underway at the Red Lake Gold project to develop and advance existing high-grade gold targets. This ongoing campaign has been focused on priority targets within the Madsen-Dixie fault corridor that transects Pacton's Red Lake properties.


"First Nation's and community communication very early in exploration stages are extremely important as Pacton advances towards discovery.  Receipt of our first drill permit ahead of schedule is a positive step and we look forward to operating the first comprehensive drill program in many years over the Boyden and Carricona prospects,"  commented Dale Ginn, Chairman.