VANCOUVER, Sept. 11, 2019 /CNW/ - Pacton Gold Inc.
(TSXV: PAC, OTC: PACXF) (the "Company" or
"Pacton") is pleased to provide an update on the upcoming
10,000 m exploration drill program at
the Red Lake Gold project in northwest Ontario. The Company has selected the first
priority target area at the Boyden prospect, where 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 (see Pacton news release dated July
26, 2019). Historic sampling in the prospect area also
includes 6.0 g/t Au and 147.4 g/t Au (Figure
1). The drill program is scheduled to begin within the next
month.
Field crews are currently stripping and preparing drill sites in
the Boyden area. The team is also in the final stages of clearing
historic trenches and pits, as well as outcrop stripping, in other
key areas of the property in order to prioritize further drill
targets.
About the Boyden Prospect
The Boyden prospect lies within the Madsen-Dixie fault corridor, a 50 km long
multi-fault zone that transects Pacton's Red Lake property (Figure 2). 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 meters depth.
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.
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SOURCE Pacton Gold Inc.