Pacton Gold announces an agreement with Frontline Gold Corporation to acquire additional mineral claims in the Red Lake area. These claims are located along side and to the north of Pacton’s existing landholdings, extending within three km of Goldcorp’s newest #3 production shaft. This includes limited historical diamond drilling, including the intersection of 24 g/t Au over 1.0 m drilled by Skyharbour in 2003.
Pacton has expanded their land position to overlap the prolific Balmer Assemblage. This area is known to host significant high-grade mineralization at Pure Gold’s Madsen mine and Goldcorp’s Red Lake and Campbell mines. Pacton’s Red Lake mineral claims are located between Pure Gold’s Madsen property, including Wedge Zone and Great Bear’s Dixie discovery. Historically, the area has produced over 20M oz of gold combined. The geology found in this area contains the contact between Confederation and Balmer Assemblage rock units as well as folded mafic and ultramafic volcanics with mafic and felsic intrusives.
Pacton Gold is currently collecting historical data and is formulating plans for 2019 for exploration and advancement of the project.