Mike, as you already know Pacton did a 10:1 RS recently along with a $5M financing program with Sandstorm. The following article and two videos from last year pretty much explain what’s going on. Yes, Pacton Gold is another one requiring patience! Rushed for time this morning, but the following links cover a lot of ground, so to speak. The summer play is at Red Lake, Ontario, not the Pilbara. Pilbara has minimal drilling budgeted this year, but is adjacent to Novo and should be as successful as de Grey “at the right time” in the future. Be sure to click the link in the following article for the rest of the info not in the post below. The video links are from last year, but they contain a lot of essential information.
Pacton Gold Begins Exploration on 5 AI Generated Targets; Plans for Phase 2 Drill Program
Mr. Dale Ginn reports:
VANCOUVER, BC / ACCESSWIRE / June 24, 2020 / Pacton Gold Inc. (TSX-V:PAC) (OTC PINK:PACXD) (FSE:2NKN) (the “Company” or “Pacton”) is pleased to announce that it has commenced fieldwork for the 2020 exploration program at its Red Lake Gold Project in Ontario. Working with AI specialists, Windfall Geotek, Pacton has identified five priority target areas, including the Carricona East target, where recent reconnaissance drilling hit mineralization including 17.2 g/t Au over 0.5 m at shallow depth. The program will include drilling, as well as regional soil sampling and geophysics. Additionally, the Company is currently in the planning stage with its JV partner, Evolution Mining, for the 2020 expansion drill program on the Sidace gold project in the Red Lake district.
Highlights
2020 field program has commenced at Red Lake Gold Project. Work will include highly targeted drilling, as well as regional soil sampling, detailed prospecting, and an IP survey covering the MD corridor target area.
Five high priority targets identified using AI. The Red Lake Extension East, Madsen East, and Carricona East targets agree with previous areas of interest identified by Pacton.
Drill holes will include follow up on successful reconnaissance drilling. The 2019/20 first pass program at Red Lake targeted the Carricona, and MD Corridor targets and hit near surface mineralization including 17.2 g/t Au over 0.5 m.
Additional Information on Target Generation
CARDS analysis uses artificial intelligence (AI) and data mining techniques to identify high priority targets by combining all available public and private data sets including geophysical, drill hole, and surface data. The algorithm is designed to highlight areas of interest that have the potential to be geologically similar to other gold deposits and mineralization in the Red Lake region. Pacton is conducting early stage exploration on its Red Lake properties and is utilizing the CARDS system as an exploration tool. While data from nearby advanced exploration and producers are being used, no direct comparison to these sites should be inferred. Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property.
