Canadian prospector Pacton Gold has made a name for itself as one of the most aggressive Pilbara gold explorers, wrapping up the third largest conglomerate-hosted portfolios in the region and is now adding project diversification a little closer to home.
The company has recently acquired the Red Lake project in North-Western Ontario which is prospective for traditional gold fines and commenced a high-resolution heliborne magnetic survey.
The survey will assist the company in identifying initial drill targets, with surface programs to commence later this year.
The Red Lake project is nestled between two significant discoveries, the Wedge Zone and the Dixie deposit, with recent drilling at Dixie returning 190.78 g/t Au over 5.90 meters.
Pacton will use the magnetic survey to identify geophysical targets that may contain similar geology to the neighbouring deposits.
The Red Lake project brings the company’s Canadian projects to three, with the Company also exploring for gold at its Tully West project in Ontario and Uranium at its Carpenter Lake project in the province of Saskatchewan.
Despite the Canadian diversification, it is the upstart’s activities in the West Australian Pilbara region which have garnered most of the attention with Pacton now sitting on a massive 2,500 km2 of exploration licenses.
The Company has been active both in acquiring land as well as exploration with a handful of activity planned across its many projects for 2019.