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Pacton Gold homes in on Boyden prospect as first drill target at Red Lake gold project

The company has selected the first priority target area at the Boyden prospect, it revealed

Pacton Gold Inc. -
Recent grab sample results included 19 grams per ton (g/t) gold, 23.3 g/t gold and 126.5 g/t gold

Pacton Gold Inc (CVE:PAC) (OTCMKTS:PACXF) revealed it has now selected its first priority target ahead of drilling at the potentially exciting Red Lake Gold project in Ontario.

As revealed in late August, the Vancouver-based company told investors that it had been granted a permit, allowing the firm to conduct diamond drilling and outcrop cleaning. The plan is to drill 10,000 metres (m) in exploration.

The company has selected the first priority target area at the Boyden prospect, where Pacton geologists have collected surface grab samples, said Pacton in a statement.

READ: Pacton Gold gets the go-ahead from Ontario to begin drilling in prolific Red Lake gold camp

The sample results include 19.0 grams per ton (g/t) gold, 23.3 g/t gold and 126.5 g/t gold.

Meanwhile, historic sampling in the prospect area also includes 6 g/t gold and 147.4 g/t gold. The drill program is scheduled to begin within the next month.

Pacton also said that field crews were currently preparing drill sites in the Boyden area and in the final stages of clearing historic trenches and pits in other key areas in order to prioritize further drill targets.

Red Lake is among the most famous mining districts in Canada and has generated 28 million ounces of the precious metal.

It is host to the likes of major Newmont Goldcorp (NYSE:NEM), but also smaller Pure Gold Mining (LON:PGM) and Great Bear Resources (CVE:GBR).

Madsen-Dixie fault corridor

The Boyden prospect lies within the Madsen-Dixie fault corridor, which is a 50 km long multi-fault zone that transects the Red Lake property.

The area has had limited previous exploration, including trenching and pitting with eight historic drill holes ranging from 20 to 200 meters depth.

Contact the author at giles@proactiveinvestors.com

Quick facts: Pacton Gold Inc.

Price: 1.14 CAD

Market: TSX-V
Market Cap: $37.65 m

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