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Pacton Gold conducts heliborne magnetic survey at Red Lake (Ontario)

Published by , Assistant Editor
Global Mining Review,

Pacton Gold Inc.(Pacton) has commenced a high-resolution heliborne magnetic survey over Pacton's claims in Red Lake (Ontario). This is the initial step in order to prioritise upcoming drill targets as part of an aggressive exploration strategy going forward in this prospective area.

Pacton Red Lake key highlights

  • Completion of a heliborne magnetic survey to identify high priority D2 structures in the Red Lake district.
  • Surface programmes to commence on both geological and geophysical targets in 2019.
  • Geologically and structurally similar to Great Bear's Dixie Project.

Pacton's mineral claims are strategically located between Pure Gold's Madsen property including the Wedge Zone and Great Bear Resource's Dixie discovery. Recent drill results from Great Bear Resources reported 190.78 g/t Au over 5.90 m including 1600 g/t Au over a drill width of 0.7 m in the Hinge Zone.

Pacton's Red Lake property geology is similar to the geology that hosts the high-grade discoveries at the Dixie project and Pacton will be using the geophysical data to focus on D2 structures that are proposed to have significant control on gold deposits in the Confederation Assemblage.

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Canadian mining news