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Pacton Gold Inc.

Pacton Gold is a Canadian junior exploration company with key strategic partners focused on the exploration and development of eluvial and orogenic gold properties located in the Pilbara district in Western Australia. 

Pacton Gold Inc. (TSXV :PAC) – Advancing Towards a Discovery

Impact: Mildly Positive

Pacton has released promising prospecting results from its Friendly Creek tenements whereit appears to be closing in on a vein hosted gold target. Pacton recently announced its 2019 work program encompassing plans for the Red Lake Gold project in Ontario as well as the Boodalyerrie, Yandicoogina Gold Projects in the Pilbara which we expect to provide steady news flow in the near term. With exploration targets on two continents and C$5.6M of funding in place, we expect the coming season to be value creating for shareholders.

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Pacton Gold Inc (TSXV:PAC) – Adding Ground in the Pilbara

Impact: Mildly Positive

Pacton has announced its entry in to a binding letter of intent (LOI) to acquire the Tardarinna Gold Project in the Pilbara Region of Western Australia. This news is accretive to the company’s acquisition strategy as it now holds projects in the Pilbara and Canada’s Red Lake Gold district in Ontario. With work underway at two different exploration targets, both in highly favourable mining jurisdictions, Pacton is gaining ground and nearing a discovery.

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Pacton Gold Inc (TSXV:PAC) – Advancing an Interesting Target in Red Lake

Impact: Mildly Positive

Pacton has announced the beginning of a magnetic surveying program over its property in Red Lake Ontario with the aim of identifying potential drill targets on a property that is between two of the better projects in the camp. This news is interesting as the company is now advancing exploration targets on two different continents that suggests to us that with some success in Red Lake a spin-out is likely, which we expect to be value creating for shareholders.

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Pacton Gold Inc (TSXV:PAC) – More Nuggets from the Egina

Impact: Mildly Positive

Pacton Gold continues to discover gold nuggets on its properties in the Egina region; specifically at the Golden Palms property (Figures 1 & 2). The news is another step in the right direction for the company as it ramps up its exploration efforts in Western Australia and transitions from land-acquirer to explorer. In our view, Pacton has multiple projects that could yield a significant conglomerate gold discovery, as demonstrated by its early stage success.

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Pacton Gold Inc (TSXV:PAC) – Pacton Leapfrogs with Visibility to Processing

Impact: Mildly Positive

Access to processing facility accelerates Pacton’s evolution. Pacton announced a Memorandum of Understanding (MOU) with Artemis Resources (ASX:ARV) for a strategic processing alliance that should allow Pacton to process future bulk samples through Artemis’ Radio Hill plant. While Pacton is at an early stage of exploration, this MOU provides a clear path to the bulk sampling stage. This deal confirms our thesis that the company has continued to transition from land-acquirer to explorer.

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Pacton Gold Inc (TSXV:PAC) – Nuggets Delivered from the Egina

Impact: Mildly Positive

Pacton Gold announced the discovery of gold nuggets within favourable stratigraphy. This news is the beginning of an important step for Pacton as it moves from land-acquirer to explorer. Pacton’s gold nugget discovery at Friendly Creek bodes well for future exploration along the 10km of favourable conglomerate. The Pacton tenements are in the Egina region of the Pilbara that has been identified as prospective for conglomerate gold by Novo Resources (TSXV:NVO).

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Pacton Gold Inc (TSXV:PAC) – Living on the Egina!

Impact: Mildly Positive

Pacton Gold announced that it has entered into an LOI to acquire additional conglomerate ground in the Egina region. We believe this to be a positive development, as it is an area of the Pilbara that has now been identified as prospective for conglomerate gold by Novo Resources. This pending acquisition is in line with the company’s strategy to use the valuation difference between Canadian and Australian conglomerate gold players, to acquire prospective ground for exposure to conglomerate gold exploration. It is important to highlight that the company has started work on its 100% owned Arrow project; thus, transitioning Pacton from an acquisition strategy to one with some exploration.

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