The Boyden prospect lies within the Madsen-Dixie fault corridor, a 50 km long multi-fault zone that transects Pacton's Red Lake property
Pacton Gold 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.
Historic sampling in the prospect area also includes 6.0 g/t Au and 147.4 g/t Au. 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.
The Boyden prospect lies within the Madsen-Dixie fault corridor, a 50 km long multi-fault zone that transects Pacton’s Red Lake property. 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.
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.
Source: Company Press Release