Seismic Survey Initiated at Pacton’s Red Lake Gold Project, Ontario
Vancouver, British Columbia, August 10, 2020 – Pacton Gold Inc. (TSXV: PAC, OTC: PACXF, FSE: 2NKN) (the “Company” or “Pacton”) is pleased to announce that a seismic survey will be conducted at its Red Lake Gold project in Ontario. The 2D seismic test survey has been designed and will be conducted by Pure Gold Mining Inc. (PGM:TSX-V) in order to define extensions of mineralized structures to support exploration and resource expansion at its Madsen Mine, scheduled to commence production this year. Madsen is adjacent to Pacton’s property, and the survey will include 13 km of seismic line data over Pacton’s claims. The resulting data will further define structural controls on the Red Lake Property, which are proximal to the Madsen project. Of note, the seismic lines on Pacton’s project closely overlap several high priority exploration areas identified using AI technology, and the data will enhance the targeting in those regions. Permits have been received for the survey, and crews will mobilize in August.
- 13 km of seismic line data over Pacton’s Red Lake property, targeting the extension of mineralized structures to support exploration at Pure Gold’s adjacent Madsen mine project.
- Greater definition of high priority, AI generated exploration targets.
- Line cutting associated with the survey will increase property access.
Dale Ginn, Executive Chairman for Pacton Gold, commented, “We are pleased to be working with our neighbours at Pure Gold as they near production at their Madsen gold mine. The timing of the Pure Gold survey is particularly useful for Pacton. We are entering the final stages of drill targeting at our adjacent Red Lake exploration project, and the survey data will be of significant value in prioritizing our targets.”
Figure 1. Pacton Red Lake property with seismic survey lines in relation to magnetic and AI targets.
About Pacton Gold
Pacton Gold is a Canadian exploration company with key strategic partners focused on the exploration and development of high-grade conglomerate and orogenic gold properties located in the district-scale Pilbara gold rush in Western Australia and the Red Lake District, Ontario.
The technical content of this news release has been reviewed and approved by Dale Ginn, P.Geo., Executive Chairman and a director of the Company and a Qualified Person pursuant to National Instrument 43-101.
On Behalf of the Board of Pacton Gold Inc.
R. Dale Ginn
For more information, please contact 1-(855)-584-0258 or [email protected].
This news release may contain or refer to forward-looking information based on current expectations, including, but not limited to the Company achieving success in exploring its properties and the impact on the Company of these events, including the effect on its share price. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances. References to other issuers with nearby projects is for information purposes only and there are no assurances the Company will achieve similar results.
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