Pacton Gold Inc. is pleased to announce that a second drill rig has begun drilling at Pacton's Red Lake gold projects in Ontario, Canada, where the Company is carrying out two, concurrent drill programs. The first drill rig is conducting an 11,500 m program at the advanced Sidace gold project in Red Lake , and the Company is currently awaiting [...]
Pacton Gold Inc. is pleased to announce that Nav Dhaliwal has been appointed Interim Chief Executive Officer and President of the Company. Mr. Dhaliwal has also been appointed to the Board of Directors. Outgoing interim CEO and President, Mr. Alec Pismiris, will remain as a director of the Company. Nav Dhaliwal, Interim President and CEO of Pacton [...]
Pacton Gold Inc. is pleased to announce that it has entered into an agreement to vend 75% of three of its properties within its Western Australian Pilbara portfolio. The Company has entered into a binding letter of intent with Pilbara Gold Corp Ltd , whereby PGC agreed to purchase 75% of the Arrow, Yandicoogina and Boodalyerrie gold properties [...]
Pacton Gold Inc. is pleased to announce that drilling has commenced at the Sidace project, located in Red Lake, Ontario. Phase I of the 11,500 meter drill program will continue through the winter and complete in the spring of 2021. Drilling will test extensions of the Main Discovery, Upper Duck and Anderson zones , with initial focus on the Main [...]
Pacton Gold Inc. is pleased to announce it has received its exploration permit for the 11,500 meter drill program at the Sidace project, located in Red Lake, Ontario. Pacton is the operator of the joint venture project and is preparing crews and equipment to mobilize to the project in the coming weeks. The drill program will focus on expansion [...]
Pacton Gold Inc. is pleased to announce the completion of high-resolution airborne magnetic surveys at the Gullrock, Pakwash, Dixie, and Golden Loon properties - part of Pacton's large Red Lake exploration project, in Red Lake, Ontario . Initial survey results have defined multiple prospective areas of folding and faulting, most notably at Pacton's [...]
Pacton Gold Inc. is pleased to announce that a seismic survey will be conducted at its Red Lake Gold project in Ontario. The 2D seismic test survey has been designed and will be conducted by Pure Gold Mining Inc. in order to define extensions of mineralized structures to support exploration and resource expansion at its Madsen Mine, scheduled to [...]
Pacton Gold Inc. announces that it has granted incentive stock options under its stock option plan to directors, officers and consultants for the purchase of up to 1,750,000 common shares at a price of $1.33 per share for a period of three years, subject to the acceptance of the TSX Venture Exchange. About Pacton Gold Pacton Gold is a Canadian [...]
Pacton Gold Inc. is pleased to announce that it will begin a new expansion drill program at the Sidace JV project in Red Lake, while continuing field work at its separate Red Lake exploration project. Pacton and JV partner, Evolution Mining , have approved a $2.44 million exploration program that includes 11,500 m of drilling, together with [...]
Pacton Gold Inc. is pleased to announce that it has raised a total of $6,617,838 following the close of the final tranche of its non flow-through financing and the close of its $0.79 flow-through financing. The Company has closed the final tranche of the non flow-through financing by the issuance of 2,856,226 common shares at a price of $0.70 per [...]
Pacton Gold Inc. is pleased to announce that, further to its news release of May 27, 2020, it has closed the first tranche of its non-flow-through financing, by the issuance of 2,773,000 common shares at a price of $0.70 per NFT Share for total gross proceeds of $1,941,100. Proceeds of the non-flow-through placement will be used for exploration [...]
Pacton Gold Inc. 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 [...]
