Red Lake Gold Project, Ontario
Highlights
- 28,000 hectare land package located in the heart of the Red Lake gold rush; proximal to past and current producing mines as well as the Dixie discovery made by Great Bear Resources (acquired by Kinross for $29.00 per share plus a contingent value right).
- Host to mineralized gold trends up to 2 km in length (see news release); multiple geological similarities to Great Bear Resources’ LP Fault.
- Pacton has developed advanced drill targets using a combination of surveys, reconnaissance drilling, and one of the largest ground sampling programs in the region.
- Pacton has completed 65 drill holes on the property for a total of 21,021 meters drilled over two grassroots exploration campaigns. Gold mineralization has been intercepted on four separate target areas.
- Magnetic, Lidar (see news release), IP, VLF/EM and 2D Seismic Surveys (see news release) have been completed on the property.
- Visit our news section for information on recent results as well as current/upcoming drilling.
About the Red Lake Gold Project
Pacton’s Red Lake Gold Project is strategically located between Pure Gold’s Madsen property, Great Bear Resource’s Dixie discovery, and Evolution Mining’s Red Lake mines. Pacton’s land package contains the contact between the prolific Balmer Assemblage and the Confederation Assemblage. Folded mafic and ultramafic volcanics with mafic and felsic intrusives are also present. Historic exploration work on the Red Lake Gold claims includes trenches, pits and surface sampling, with results as high as 133 g/t (reported historically).
The Red Lake area is typified by orogenic gold deposits associated with very deep, crustal-scale fault structures, and their fracture zones. The Balmer Assemblage has seen the majority of work in the area, and hosts most of the gold produced from Red Lake. The recent success of Great Bear Resources’ high-grade Dixie project within the Confederation Assemblage has ignited interest in a geological package which had previously seen limited exploration.
2020/2021 Drill Program
The recently completed drill program successfully identified a new trend (the Faulkenham gold trend) over a 600 meter strike. The trend in located within the Madsen Dixie Corridor and consists of low-grade, widespread mineralization near surface. It is open along strike and at depth. Other highlights of the drill program include 17.2 g/t Au over 0.5 meters in hole PAC-20-017, and the successful intersection of the Balmer Assemblage on Pacton’s property near Madsen Mine.
Drilling Highlights
Geophysical Surveys
- Property wide high-resolution magnetics (2019), VLF (2020), EM (2020) and Lidar (2019) surveys completed
- IP (2020) survey completed along the LP extension
- 2D seismic survey completed near Madsen Mine (commissioned by PureGold in 2020)
- 3D seismic survey planned (proposed by PureGold for early 2022)
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. An IP Survey was completed in August 2020 which identified multiple chargeability anomalies along the LP Extension. Pacton also participated in a 2D seismic survey concluded by Pure Gold in January 2021 which helped to define extensions of mineralized structures over Pure Gold and Pacton properties. Plans for a 3D seismic survey which will include 94 line kilometers over Pacton’s property are underway.
Surface Exploration
Initial prospecting at the project returned high-grade values including 126.5 g/t Au and 23.3 g/t Au from the Boyden prospect. A test soil program was completed in summer 2020 which yielded promising results (see news release) and was followed up on with an extensive soil sampling program in summer 2021 for which results are pending.
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.
Red Lake Gold Project
