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Quality Stock At A Discount
Pacton Gold: original article
Pacton Gold (TSX.V: PAC.V) (OTC: PACXF) has been pretty active in terms of its operational activities. Since the start of the year, the gold mining company has made several strategic moves, including the acquisition of key properties, raising funds and addition of key shareholder.
Pacton has acquired several key properties in Western Australia’s Pilbara Gold Rush. The Pilbara Gold Rush started last year in July after Artemis Resources and Novo Resources found near-surface conglomerate-hosted gold nuggets. By November, the region attracted as many two dozen resource companies.
“The Pilbara Region of Western Australia is one of the most resource-rich areas in Australia and there has been very little exploration at depth,” said David Lenigas – Artemis’ Executive Chairman.
Further, the Pilbara Gold Rush also attracted major players like Kirkland Lake Gold and kingmaker Eric Sprott, who has reportedly acquired a stake in many companies operating in the region (including Pacton Gold). The backing of Sprott in itself is a big reason to go bullish on any company. He is a “long-time gold bull,” who advised investors to buy gold before the financial disaster in 2008.
In Pacton, Sprott owns about 10.1% of the outstanding common shares giving him control over 18.4% of the company. So, the billionaire has a significant interest in Pacton’s success. Many see the involvement of Sprott and other big names in the Pilbara Gold Rush as sort of a guarantee for big returns.
“What has really attracted me to the Pilbara region is the involvement of Eric Sprott and Kirkland Lake, whose shareholders include heavies such as Van Eck, Fidelity and Oppenheimer,” long-time gold stock analyst and founder of Gold Stocks Trade – Jeb Handwerger told INN.
Pacton Gold, on its end, is continuing to build its portfolio. Last week, the company entered into another binding letter of intent to acquire Yandicoogina and Boodalyerrie exploration licenses and mining leases from Gardner Mining. “The acquisition of the Yandicoogina and Boodalyerrie Gold Projects provides a significant increase in the scale of exposure to the Pilbara region both in relation to conglomerate and structurally controlled gold systems,” said Pacton’s Interim President and CEO – Alec Pismiris.
And, it is not that the company is blindly picking up the properties. Instead, it is making sure that the assets that it acquiring are productive enough to help it meet its goals. Last week, the company announced that it is terminating its agreement with Marindi Metals (signed a few months back) following the “outcome of its due diligence investigations.”
Though the company is showing no signs of slowing, its stock has been dropping since last week or so. There are two reasons for it. First is the profit booking as Pacton’s stock (despite shedding over 27% in last five days) is up over 400% in last one-year and over 70% YTD. Second reason is the uncertainty over the gold prices, which breached the psychologically important $1,200 level earlier this week.
However, both these reasons do not hold for the long-term investors. Pacton has a robust portfolio of properties, and thus, offers more upside potential. And, gold, which has always been a safe haven, will regain its shine sooner or later. So, the recent drop must be seen as opportunity to get a quality stock at a discount.
Pacton Gold Announces Plans To Purchase Two Granted Mining Lease.
Pacton Gold: (PAC:TSX-V) (OTCMKTS:PACXF) has revealed that it has signed a letter of intent (LOI) to buy out two granted mining leases from an Australian limited exploration firm called Gardner Mining Pty Ltd.
As per the Letter of Intent, Pacton Gold plans to acquire 100 percent of Boodalyerrie and Yandicoogina mining leases and exploration licenses from the Australian firm. The acquisition is part of the company’s plan to boost its property portfolio in the Pilbara mining region in Western Australia as through the acquisition of the two strategic properties. The purchase deal is also courtesy of a strong relationship between the two companies through the acquisition of Friendly Creek.
As per the deal, the three exploration licenses and two granted mining leases will cover an area of roughly f 146.80 square kilometers. The Yandicoogina Project has a prospective strike of around 4.7 km which is defined by quartz veins that are structurally controlled and were previously home to work related to gold.
“The acquisition of the Yandicoogina and Boodalyerrie Gold Projects provides a significant increase in the scale of exposure to the Pilbara region both in relation to conglomerate and structurally controlled gold systems,” stated Pacton Gold’s acting president and CEO, Alec Pismiris.
Pismiris also pointed out that the high-quality nature of gold mineralization which is structurally controlled throughout the extensive length of the strike between the two projects makes it a high-value acquisition. He also added that his firm is eager to join forces with the Gardner team as they kick off the launch of the exploration programs within the projects.
The projects are characterized by impressive output
Rock samples taken from the Yandicoogina Project have demonstrated a range as high as 199.7 g/t Au. Meanwhile, the Boodalyerrie Project is covered by roughly 25 square kilometers of silica altered granite and sericite with broad quartz veining. This makes the project a considerable target size.
As for the highlights of the deal, it will feature three granted exploration licenses and two granted mining leases which will cover a total of 146 square kilometers. The leases will pave the way for immediate bulk sampling of mineralization over the area covered and this will also be done on a large scale.
The new leases are the latest addition to Pacton’s portfolio which also consists of 5 other granted mining leases that the company secured from the Friendly Creek deal which was announced towards the end of May this year. The 2.3 km of strike in the Boodalyerrie Project is between the Mount Roe Basalt and the Hardey Formation.
Pacton Gold’s stock performance
Pacton’s acquisition of the two leases is great news for investors because it strengthens its portfolio and promises strong returns in the future. Following the announcement, Pacton’s stock dipped from $0.54 on the opening of Tuesday’s trading session and reached a low of 0.47 on Wednesday before recovering past the $0.50 mark. The price of the stock at the time of this press was $0.51. The company expects the lease acquisitions to contribute towards better performance in the future.
Pacton Gold (PAC.V) (PACXF) Up Almost 500% in Past One-Year
Pacton Gold (PAC.V) (PACXF) Up Almost 500% in Past One-Year
Pacton Gold (TSX.V: PAC.V) (OTC: PACXF) stock has had a decent run over the past one-year or so. The stock is up over 70% in the last three months, over 90% year-to-date and almost 500% in past one-year. Despite such an impressive show, the stock doesn’t seem to be slowing down and has more to offer to the investors, i.e., it can still unlock more value for the investors. And, every now and then, the management proves that investors must continue their trust in the stock.
Pacton Gold, who has already acquired quite a few important properties on Western Australia’s Pilbara Mining Region, on Tuesday, announced entering into a deal to acquire the Yandicoogina and Boodalyerrie exploration licenses and mining leases from Gardner Mining Pty Ltd. The transaction gives Pacton two granted mining leases and three granted exploration licenses.
“The acquisition of the Yandicoogina and Boodalyerrie Gold Projects provides a significant increase in the scale of exposure to the Pilbara region both in relation to conglomerate and structurally controlled gold systems. The high-grade nature of structurally controlled gold mineralisation across an extensive strike length between the two Projects provides a compelling value proposition,” said Alec Pismiris – Interim President and CEO of Pacton Gold.
Presently, Pacton Gold controls the third largest land package in the Pilbara region. The well-funded company continues to grow its portfolio with accretive acquisition. Pacton’s land holdings have even attracted Eric Sprott, a Canadian billionaire businessman. Sprott owns 10.1% of the outstanding common shares in the company.
Involvement of Sprott is itself a big enough reason to go bullish on the company. And, Sprott has not only invested in Pacton, but also in other companies involved in Pilbara region. The billionaire investor is a major investor in Novo Resource as well.
“What has really attracted me to the Pilbara region is the involvement of Eric Sprott and Kirkland Lake, whose shareholders include heavies such as Van Eck, Fidelity and Oppenheimer. This is an early-stage discovery, but the involvement of a company like Kirkland Lake—which has been one of the top gold mining stories in recent years—speaks highly of its potential,” Jeb Handwerger – a long-time gold stock analyst and founder of Gold Stocks Trade, told INN.
Apart from Sprott, another reason to go bullish on Pacton is the encouraging outlook on the gold prices. Though the prices are struggling now, experts believe a bullish wave is around the corner. Over the last six months, the spot gold prices have dropped by 9% with the yellow metal trading around the $1200 level.
However, there are voices that the prices would soon inch towards the $1,370 mark. This prediction comes from Boris Mikanikrezai – precious metals analyst as Metal Bulletin, who cited excessively stretched gold’s spec positioning on the short side as an evidence.
“In the second half of the year, I expect a strong rally in gold prices and gold-mining equities as the macro backdrop for the precious metals complex should prove more positive,” said Mikanikrezai.
So, one can easily understand that when Pacton Gold’s (TSX.V: PAC.V) (OTC: PACXF) stock has gained so much during the period of falling gold prices, it should skyrocket when the prices are favorable.
$PACxf Pacton Gold to Acquire 2 More Granted Mining Leases and Further Increase its Strategic Property Portfolio in Western Australia's Pilbara Mining Region
$PACXF - Canadian billionaire Eric Sprott took 18% stake in PACXF
Pacton Gold (OTCMKTS: PACXF) is hovering around .58 right now and has been increasing in price steadily as of late on strong interest.
The billionaire who was in early on Novo just scooped himself up a nice chunk of Pacton. Thats all I need to know.
You will see on their site that Barchart is calling PACXF a “Strong Buy” based on the company’s trading technicals.
Level 2 is thin. Right now we aren't seeing an real resistance as this one trudges north.
Just a few catalysts:
Green Close 4 sessions in a row
Barchart is calling 88% Strong Buy
They are parked right next to Novo Resources (One of the biggest mining winners of the year...... 50 cents to 7 bucks in just a few months)
Eric Sprott, a Canadian Mining Billionaire who invested heavily in Novo has came in and scooped up 18% of Pacton!
There is a lot more to talk about.
https://insiderfinancial.com/microcap-profile/
great start this week GO PACXF
$AAGC great pick for this week. Review the charts, read the news. It's going to push towards copper this week. Great buy in NOW
Held up well for a Friday! $PACXF
Pacton Gold, Inc. (OTC:PACXF) is also listed on the TSX Venture Exchange under the ticker (TSXV:PAC.VN). Earlier the company announced breaking news that, "it has entered into a letter of intent ("LOI"), whereby it can earn up to an 80% ownership interest in Arrow (Pilbara) Pty Ltd ("Arrow Pilbara"), an Australian proprietary limited exploration company wholly owned by Arrow Minerals Limited (ASX:AMD) ("Arrow"). Arrow Pilbara holds two granted tenement licences and two applications for licences, comprising of a total of 609 km2 (the "Property"). The large Property is situated in the eastern part of the currently defined part of Western Australia's Pilbara gold play that is characterized by thick gold nugget-bearing conglomerate beds of the Archean age Mallina Basin. Highlights of the Transaction:
-- Strategic land holdings totaling 609 km2, with recent discovery of gold nuggets from outcropping conglomerates. Nuggets 5 to 10 mm in size have been discovered on the Property.
-- Seven conglomerate gold targets have been identified with characteristicradiometric anomalies;
-- Directly adjacent and proximal to key exploration properties controlled by Novo Resources Corp., De Grey Mining Ltd., and Kairos Minerals Ltd.;
-- Gold anomalies identified along structures which host gold mineralization on adjacent properties.
Alec Pismiris, Interim President and CEO of Pacton Gold stated, "We are pleased to be able to partner with the Arrow Minerals team, who have been able to assemble a significant portfolio of advanced gold projects with excellent prospectivity that will provide key exploration and discovery upside for the shareholders of Pacton. Pacton's Pilbara gold project is fast becoming one of the most significant in the Pilbara region."
The Property comprises two exploration licences and two exploration licence applications covering 609 km2 of ground prospective for conglomerate-hosted gold in the Pilbara region of Western Australia (refer to location map). The licences cover various parts of the prospective contact between the older Pilbara granite-greenstone terrain and the overlying Fortescue Group rocks in the East Pilbara region, including areas close to and adjoining licences held by Novo Resources Corp. (refer to location map).
Arrow confirms that prospectors have recently uncovered several gold nuggets inconglomerate units in the Mallina Basin on exploration license E47/3476. Geological and prospecting information on the Property has been provided by Arrow, which the Company has reviewed and believes to be reliable.
more like can we hold in the .30's pacfx
Low float plays being accumulated move up quickly!
PACXF
$PACXF Pacton Gold Further Increases its Strategic Property Portfolio In Western Australia's Pilbara Mining Region https://www.barchart.com/share/news/118837 via @Barchart
Back over .40 for power hour? $PACXF
3rd largest land holder in Australia’s Pilbara #Gold Rush & significantly expands its portfolio. https://bit.ly/2KShtGE
$PACXF $PAC.V
holding green this afternoon!
PACXF PAC.V
Huge opportunity here! Pacton Gold Chasing nuggets in Australia next to Novo Resources https://www.caesarsreport.com/reports/report-pacton-gold-chasing-nuggets-australia-next-novo-resources/
$PACXF
The Pilbara region has long been the world’s most prolific iron ore production district. Now, gold in Archean age conglomerates is the main exploration focus
http://www.pactongold.com/images/PactonGold-Presentation.pdf
$PACXF / $PAC.V
Yup! I added more! &PACXF
This is a great Investor Presentation from Pacton Gold
http://www.pactongold.com/images/PactonGold-Presentation.pdf
$PACXF / $PAC.V
The company continues to further consolidate Western Australia's Pilbara #gold region through key property acquisitions. https://tinyurl.com/yavvztcw
PACXF
"We are pleased to make accretive acquisitions that strategically place Pacton as the third largest land holder in Western Australia's Pilbara conglomerate-hosted gold region. Pacton continues to further consolidate the region through key property evaluations, and the addition of Drummond East increases our land holdings to 2,227 sq km," commented Alec Pismiris, Interim President and CEO of PACXF.
"The Impact Minerals team, led by Dr. Mike Jones , have successfully assembled a significant portfolio of advanced gold projects that present excellent prospectivity for discovery upside for the shareholders of Pacton. The Impact transaction solidifies our presence in the region, and is directly in line with our mandate to become one of the leaders in the Pilbara Gold Rush. With a strong treasury and financial backers, we are aggressively reviewing other opportunities."
https://finance.yahoo.com/news/pacton-gold-becomes-3rd-largest-110000552.html
new here bought a few glta
Nice rebound today! Pacton Gold becomes the 3rd largest land holder in Australia’s Pilbara #Gold Rush & significantly expands its portfolio. https://bit.ly/2KShtGE
PACXF
$PACXF long and strong!
+17.26% at .4104 and looking for a nice bounce from these prices
$PACXF
.399 back up on ask here resx18
PACXF
$PACXF / $PAC.V ~ Pacton Gold has a property in Canada that has Gold and Uranium http://www.pactongold.com/index.php/uranium-en/tully-west,-timmins-gold
The Company recently raised approximately $5.5 million, currently controls the third largest conglomerate-hosted gold property portfolio totaling 2,227 km2, and continues to aggressively review additional accretive acquisitions.
PACXF
Is Pacton Gold the Next Breakout Gold Mining Stock?
http://millennialinvestornews.com/pacton-gold-is-it-the-next-breakout-gold-mining-stock
$PACXF / $PAC.V
Very nice new out this year! $PACXF
Alright! Time to buy some gold! $PACXF
Nice article here! Is $PACXF / $PAC.V the Next Breakout Gold Mining Stock?
http://millennialinvestornews.com/pacton-gold-is-it-the-next-breakout-gold-mining-stock
Good morning $PACXF
Pacton Gold has put out some great news this year!
https://www.otcmarkets.com/stock/PACXF/news
Happy Friday! $PACXF
Gold Mining Stock that is ripe for a rebound today.
http://millennialinvestornews.com/pacton-gold-is-it-the-next-breakout-gold-mining-stock
PACXF
nice buy rating here https://www.barchart.com/stocks/quotes/PACXF
PACXF
"The acquisition of the Friendly Creek Project, with granted mining leases, clearly places Pacton with a strategic advantage ahead of our peers in creating the opportunity to rapidly conduct large scale bulk sampling programs. The historical discovery of large gold nuggets at Friendly Creek in Western Australia, and an identified mineralised strike length of 10 km, is compelling to justify an upcoming intensive exploration program," commented Alec Pismiris, Interim President and CEO of Pacton Gold. "We look forward to working closely with the Gardner team, as we continue to focus on understanding the true potential of our strategic portfolio holdings and as we look to complete additional accretive acquisitions."
PACXF PAC.V
Ready for a huge day tomorrow! $PACXF
Pacton Gold To Acquire Granted Mining Leases And Further Increases Its Strategic Property Portfolio In Western Australia's Pilbara Mining Region
VANCOUVER , May 28, 2018 /PRNewswire/ - Pacton Gold Inc. (TSXV: PAC, OTC: PACXF) (the " Company " or " Pacton ") is pleased to announce that it has entered into a binding letter of intent (" LOI ") to acquire 100% of the Friendly Creek exploration license and mining leases (" Friendly Creek ") from Gardner Mining Pty Ltd (" Gardner Mining "), an Australian proprietary limited exploration company and from Darren White (together, the " Vendors "). Five granted mining leases and one granted exploration license comprise a total of 31.36 km 2 (the " Property "). Friendly Creek is historically one of the richest known areas for alluvial nuggets within the Pilbara region, where a large amount of alluvial fine grained gold to multiple considerable sized nuggets have been recovered, 127 oz (in 1888) and 165 oz (in 1892) gold nuggets (source: www.mindat.org/loc-272951.html) . Note: These samples are not indicative of the mineralization hosted on the property.
Highlights of the Transaction:
Strategic portfolio of 5 granted mining leases and 1 granted exploration license (31.36 km 2 ).
Mining leases provide the potential for immediate large scale bulk sampling of mineralization, with existing on site infrastructure including operational camp facility.
Alluvial, eluvial and bedrock mining historical gold workings extend over a 10 km strike .
Directly adjacent to key exploration properties controlled by Novo Resources Corp. and Kairos Minerals Ltd.
Access to the extensive regional knowledge and technical expertise provided by the Gardner Mining Team. Gardner is comprised of corporate finance executives, geologists, prospectors, and mining executives with strategic relationships to the local communities in which it operates.
" The acquisition of the Friendly Creek Project, with granted mining leases, clearly places Pacton with a strategic advantage ahead of our peers in creating the opportunity to rapidly conduct large scale bulk sampling programs. The historical discovery of large gold nuggets at Friendly Creek in Western Australia , and an identified mineralised strike length of 10 km, is compelling to justify an upcoming intensive exploration program," commented Alec Pismiris, Interim President and CEO of Pacton Gold. "We look forward to working closely with the Gardner team, as we continue to focus on understanding the true potential of our strategic portfolio holdings and as we look to complete additional accretive acquisitions."
About Gardner Mining Team
The director, management and associated consultants of Gardner Mining have extensive local operating history within the Pilbara region of Western Australia . The team is comprised of corporate finance executives, geologists, prospectors and mining executives, and has extensive ties to the local communities where it operates. Gardner Mining will work closely with Pacton as required to maximize the ongoing development of their existing project portfolio and to identify further value accretionary opportunities.
Figure 1: Pacton Regional Project Location Plan (CNW Group/Pacton Gold Inc.)
For location map of the Property, please see: http://www.pactongold.com/Pacton-Location-Map.jpg .
Figure 2: Friendly Creek Tenure (CNW Group/Pacton Gold Inc.)
Figure 3: Scraping and Metal Detecting at Friendly Creek (CNW Group/Pacton Gold Inc.)
Initial exploration activities planned to be undertaken include:
Comprehensive review of historical mining and exploration activities conducted on the Property.
Acquisition and interpretation of high resolution airborne imagery to refine the palao drainage interpretation.
Mapping of regolith, project geology and structural controls relating to mineralization.
Infill and extensional geochemical sampling targeting gold.
Metal detecting and small scale dry blowing to identify the presence of surficial gold nuggets.
LOI Terms
Under the terms of the LOI, which will be formalized by a definitive agreement among the parties, the Company will purchase a 100% ownership interest in Friendly Creek by paying the Vendors a total of CDN$25,000 and issuing to the Vendors 2,500,000 common shares of Pacton.
This transaction is subject to the acceptance of the TSX Venture Exchange.
About Pacton Gold
Pacton Gold (PAC: TSXV; PACXF: US) is a well-financed Canadian junior with key strategic partners focused on the exploration and development of conglomerate-hosted gold properties located in the district-scale Pilbara gold rush in Western Australia. The Company recently raised approximately $5.5 million , currently controls the third largest conglomerate-hosted gold property portfolio totaling 2,227 km 2 , and continues to aggressively review additional accretive acquisitions.
The technical content of this news release has been reviewed and approved by Peter Caldbick , P.Geo., a director of the Company and a Qualified Person pursuant to National Instrument 43-101. The qualified person has not visited the Friendly Creek site and therefore has not verified the data disclosed, including sampling, analytical, and test data underlying the information or opinions contained in the written disclosure.
On Behalf of the Board of Pacton Gold Inc.
Alec Pismiris
Interim President & CEO
This news release may contain or refer to forward-looking information based on current expectations, including, but not limited to the Company acquiring an interest in properties/licenses controlled by Gardner Mining and Darren White completion of the proposed transaction described herein, the prospect of the Company achieving success in exploring the Property 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 (Novo Resources Corp. and Kairos Minerals Ltd.) 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.
Cision View original content with multimedia: http://www.prnewswire.com/news-releases/pacton-gold-to-acquire-granted-mining-leases-and-further-increases-its-strategic-property-portfolio-in-western-australias-pilbara-mining-region-300655455.html
SOURCE Pacton Gold Inc.
Today’s barchart opinion, the overall signal based on where the price lies in reference to the common interpretation of all 13 studies, for Pacton Gold Inc. (PACXF) is 16% Buy.
Friendly Creek is historically one of the richest known areas for alluvial nuggets within the Pilbara region, where a large amount of alluvial fine grained gold to multiple considerable sized nuggets have been recovered, 127 oz (in 1888) and 165 oz (in 1892) gold nuggets (source: www.mindat.org/loc-272951.html).
PACXF PAC.V
Pacton Gold has entered into a LOI to acquire 100% of the shares in Drummond East with 7 tenement licenses of 1,126 sq km. https://bit.ly/2KShtGE
$PACXF / $PAC.V
news getting big buzz this week! https://ca.finance.yahoo.com/news/pacton-gold-acquire-granted-mining-164000019.html
PACXF PAC.V
BUY signal issued on 5/30 for PACXF https://www.americanbulls.com/SignalPage.aspx?lang=en&Ticker=PACXF
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