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Pacton Gold Update on Red Lake Gold Project in Northwest Ontario

Mining News - Published on Thu, 28 Nov 2019

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Pacton Gold Inc has provided project update for exploration activities at the Red Lake Gold project in northwest Ontario. Pactons initial 10,000 m drill program is underway at the Boyden prospect, where multiple high-grade samples have been recovered with channel and surface sampling. The program will now include a total of four exploration hotspots, namely Boyden, Carricona, LP Fault Extension and Shim. All four areas lie within the Madsen-Dixie fault corridor, largely located in the western third of the Company's land package

The Boyden prospect has been chosen as the first drill target area based on the results of Pacton’s initial exploration activity and analysis of historical data. Recent channel sampling at the prospect by the Company returned values including 101.3 g/t Au and 33.9 g/t Au. Pacton geologists have collected surface grab samples returning values including 19.0 g/t Au, 23.3 g/t Au and 126.5 g/t Au. Historic sampling in the prospect area also includes 6.0 g/t Au and 147.4 g/t Au. The prospect is underlain by intermediate to mafic volcanic rocks with pyrite, galena, sphalerite and gold mineralization associated with quartz veining and silicification. The area has had limited historic exploration work including trenching and pitting with eight historic drill holes ranging from 20 to 200 m depth.

The Carricona prospect is located east of Madsen Mine with close proximity to the unconformity between the Balmer and Confederation assemblages. Historic work at the prospect includes a series of historical trenches with surface sampling. Historic sampling in the Carricona area includes 8.7 g/t Au, 15.9 g/t Au and 37.3 g/t Au. The area is underlain by intermediate to felsic volcanic rocks in contact with mafic volcanic rocks and proximal to felsic intrusive units. The area is structurally complex, containing multiple intersections of large-scale east-west structures with north-west trending structures.

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Posted By : Rabi Wangkhem on Thu, 28 Nov 2019
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