VANCOUVER, Oct. 23, 2019 /CNW/ - Pacton Gold Inc. (TSXV:
PAC, OTC: PACXF) (the "Company" or "Pacton") is
pleased to report new high-grade surface results from channel
samples cut by a rock saw at the Boyden prospect – part of the
Company's Red Lake gold project -
including 101.3 g/t Au and 33.9 g/t Au. This recent
sampling was part of comprehensive work program involving outcrop
stripping, detailed mapping and channel sampling to follow up on
initial surface sampling in the Boyden area that returned gold
values including 126.5 g/t Au and 23.3 g/t Au (see
Pacton news release dated July 26, 2019). The Boyden prospect
is the first of several high priority target areas for the 10,000
meter drill campaign.
- Multiple high-grade surface samples confirm key drill
targets. Channel sampling at the Boyden prospect area has
returned high-grade values including 101.3 g/t Au, 33.9
g/t Au, 31.6 g/t Au and 27.6 g/t Au. Additional
channel sampling results are summarized in Table 1.
- Combined with outcrop stripping and detailed mapping at Boyden
(Figure 1), these results further refine the drill targeting
strategy.
Table 1. Summary of channel sample results collected
from outcrop at the Boyden prospect.
Sample
Number
|
Channel Length
(m)
|
Au
(g/t)
|
253401
|
0.2
|
5.8
|
253402
|
0.3
|
31.6
|
253403
|
0.2
|
33.9
|
253404
|
0.3
|
5.7
|
253405
|
0.2
|
27.6
|
253406
|
0.4
|
101.3
|
253407
|
0.5
|
0.6
|
The Boyden prospect is the first in a series of showings
targeted by the Company. The outcrop was cleaned, stripped and
mapped in detail over an approximately 30
m lengths. A continuous mineralization quartz vein was
identified and channel sampled with a rock saw at approximately
3 m intervals. Channel samples were
collected with a saw depth of approximately 0.1 meters with an
average sample width of approximately 0.7
m. Channels were cut across the vein in a perpendicular
direction. The vein is proximal to mafic and felsic volcanic
contacts and the area is cross cut by later mafic dykes.
About Pacton Gold
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.
On Behalf of the Board of Pacton Gold Inc.
R. Dale Ginn
Executive Chairman
This news release may contain or refer to forward-looking
information based on current expectations, including, but not
limited to the Company achieving success in exploring its
properties and the impact on the Company of these events, including
the effect on its share price. Forward-looking information is
subject to significant risks and uncertainties, as actual results
may differ materially from forecasted results. Forward-looking
information is provided as of the date hereof and we assume no
responsibility to update or revise such information to reflect new
events or circumstances. References to other issuers with nearby
projects is for information purposes only and there are no
assurances the Company will achieve similar results.
Neither TSX Venture Exchange, the Toronto Stock Exchange nor
their Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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SOURCE Pacton Gold Inc.