VANCOUVER, Aug. 15, 2019 /CNW/ - Pacton Gold Inc. (TSXV:
PAC, OTC: PACXF) (the "Company" or "Pacton") is
pleased to announce that it has received and analyzed the results
of a recently completed Lidar Survey over its main Red Lake, Ontario gold properties. The results
have greatly improved outcrop identification and accelerated the
mapping process. This is of particular importance as Pacton is
currently building a list of priority targets for the initial 2019
drill program.
Lidar is a fixed wing airborne survey technique that uses laser
pulses to record extremely detailed ground elevation measurements.
These results have been integrated with previously announced air
magnetic survey results and other field data.
Madsen-Dixie Fault Corridor Location and Detailed Structural
Data: The new Lidar data confirms the presence, with
high-resolution structural details, of the 50 km long fault
corridor that hosts the new Great Bear Resources ("TSXV- GBR")
Dixie gold discoveries to the southeast and Pure Gold's ("PGM –
TSXV") Madsen area mines
immediately to the northwest. The 7 km wide multi-fault corridor
passes through the western portion of Pacton's Red Lake property, including the
Carricona-Boyden area that is currently being mapped. (Figure 1).
The importance of the Madsen-Dixie
structural fault corridor is more fully described in Pacton's new
release of July 16, 2019
Lidar and Magnetic Data Combine to Create Specific
Exploration Tools at Red Lake:
Lidar data analyzed in conjunction with magnetic data at
Red Lake generated an unexpected,
very strong positive correlation between higher elevations (more
erosion resistant rocks) and rapid local changes in magnetic
intensity. This relationship is most noticeable in the dense
structural areas between the large faults of the Madden-Dixie
multi-fault corridor which are interpreted as very deep clusters of
Riedel shear zones, more fully described in Pacton's news release
of July 16, 2019. (Figures 2, 3 and
4).
Lidar Data Generates Outcrop Maps: Pacton's main
Red Lake property contains flat
areas covered with dense bush. These conditions previously made it
difficult to locate rock outcrops during initial mapping
operations. Pacton's new Lidar data makes the location of outcrops
much easier. Outcrop finder maps are generated to highlight
specific locations which have sharp disruptions in elevations
indicating a higher probability of exposed bedrock. (Figure 5).
Current Exploration Activities and Upcoming Drill
Program: Ground mapping operations are ongoing with a view to
commencing our initial 2019 drill program. Accordingly, drill
permit applications have already been submitted for several areas
within the Carricona-Boyden area of Pacton's main Red Lake property.
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
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.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/new-lidar-data-confirms-pactons-location-in-the-madsen-dixie-fault-corridor-300902224.html
SOURCE Pacton Gold Inc.