VANCOUVER, March 12, 2019 /CNW/ - Pacton Gold Inc. (TSXV:
PAC, OTC: PACXF) (the "Company" or "Pacton") is
pleased to announce the commencement of initial field work at
Pacton's Yandicoogina Project, where historical results from
surface sampling have reported up to 199.7 g/t Au. The work program
is targeting high-grade, shear-hosted gold within a number of
mineralization settings and will use rock chip sampling and mapping
to prioritize targets for drill testing.
Highlights:
- Strike length: 4.7 km cumulative strike length of mapped
anomalous quartz vein structures hosting gold mineralization.
- Historical sampling results show strong gold mineralization
in multiple locations: Rock chip sampling reported results of
up to 199.7 g/t Au at surface (Western Australia Geological
Survey).
- Prioritizing targets for upcoming drill program: Results
from the current program will be used to rank targets based on
further exploration potential and to prioritize for drill testing
planned for 2019.
Dale Ginn, Executive Chairman of
Pacton Gold, stated, "Pacton's Yandicoogina project
hosts high-grade gold bearing systems that are
readily apparent and exposed at surface. It also has coarse nuggets
from surface prospecting that appear to be from a vein source and
have not been subjected to significant transportation. What the
project lacks is any significant amount of drilling to depth. Our
initial program will therefore focus on prioritizing targets for
drill testing the high-grade concentrations at
Yandicoogina."
Yandicoogina Project
The Yandicoogina Gold Project is located 52 km to the south east
of Marble Bar in the Pilbara Region of Western Australia. The Project covers a
contiguous land holding of 164 km2 consisting of two
granted exploration tenements (E45/3474 and E45/3571) and three
granted mining leases located inside tenement (E45/3474).
Access to the project from Marble Bar is via the Marble Bar Road
to the south east thence via station tracks which take you toward
the Black Shepherd Mine.
The Project covers an extensive portion of the Warrawoona
Archaean Greenstone Belt. Previous exploration activities have
predominantly focused towards the greenstone portion of the project
with a considerably limited effort placed on the Mt Edgar Mylonite
Complex which is host to the high-grade Death Adder and Granite
Prospects.
The initial work program will involve detailed geological
mapping and rock chip sampling of priority defined prospects
including Granite, Death Adder, Black Shepherd, Uncle Tom and
Trilby. Through completing this first phase of activities a further
understanding of the controls and extents of mineralisation for
each of the prospects will be obtained. Prioritization, drill
planning and permitting to drill will commence immediately
following the completion of the initial work program.
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., a
director and Executive Chairman of the Company and a Qualified
Person pursuant to National Instrument 43-101. The qualified
person has not yet verified the data disclosed, including sampling,
analytical, and test data underlying the information or opinions
contained in the written disclosure.
On Behalf of the Board of Pacton Gold Inc.
Dale Ginn
Executive Chairman
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.
Neither TSX Venture Exchange, the Toronto Stock Exchange nor
their Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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SOURCE Pacton Gold Inc.