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HOW SAD FOR ALL WHO INVESTED HERE-- BIONOVELUS AKA -ONOV- AND ATACAMA RESOURCES AKA - ATNM- UP HUGE...I WARNED YOU ALL ABOUT THIS SCAMMMMM.....NO GOLD IN THEM THEIR TURTLE SWAMPS....SELL PACXF RE INVEST IN ONOV. OR. ACRL.....YOU ""WILL BECOME WEALTHIER THAN YOU EVER IMAGINED...THATS 100% FACT.
LiKE CATCHING A FALLING KNIFE, THAN PACXF IS 4 YOU, JUST HORRIBLE PERFORMANCE...HEY LETS BLOW THRU ALL OUR CASH....BUY BUYING MORE TURTLE FARM LAND....AT THE EXPENSE OF OUR SHAREHOLDERS.....YA THAT SOUNDS GOOD....JUST LOOK AT THAT CHART....STRAIGHT DOWN...I HUB BOARD HERE HAS GONE SILENT....THEY REALIZED I WAS RIGHT....AND THEY GOT BURNED HARD....OR....MAYBE THEY LISTENED TO ME AND BAUGHT """"ACRL""" WHICH IS NIW DEBT FREE AS OF YESTERDAY...AND BOARDERS KIRKLAND THEEE BIGGEST GOLD PRODUCER IN CANADA.....ACRL GOING TO MAKE INVESTORS MILLIONAIRES.....PACXF....GOING TO MAKE ALL OF YOU OWNERS OF NEW PET TURTLES. ....THIS STOCK IS HORRENDOUS....YOU SHOULD ALL BE CALLING CEO AND ASK HIM WHAT THE HELL ARE THEY DOING......YOUR ALL GOING TO GO BROKE HERE.....THATS A GUARENTEE....OR.....BUY ACRL AND BECOME WEALTHIER THAN YOU EVER IMAGINED.
I LOVE THE ABSOLUTELY FAKE YOU TUBE PROMOS FOR THIS COMPANY ..LOVE THE FAKE NEWS SET...AND SOMEONE IN THE COMPANY DAUGHTER WITH A CLIP BOARD ACTING LIKE A REAL STOCK HOST ASKING IN DEPTH QUESTIONS...LOOKS LIKE SOMTHING STRAIGHT OUT OF HIGH SCHOOL....THIS COMPANY IS ALMOST BROKE....SPENDING MONEY ON MOOSE PASTURES, AND TURTLE SWAMPS....JUST LOOK AT THE CHART....ITS GOING LOWER AND LOWER EVERY DAY.....EVERY TIME I CHECK THIS TICKER ITS. ""RED"".... CONGRATULATIONS YOUR ALL MASSIVE BAG HOLDERS....GLAD IM WATCHING THIS FROM THE SIDELINES....NOTHING BUT WEALTH DISTRUCTION FROM PACXF....ITS ONLY GOING TO GET WORSE HERE.....ATACAMA --> ACRL IS THE REAL GOLD MINE SITTING ON SAME LAND AS KIRKLAND LAKE.....PACXF IS GOING STRAIGHT DOWN......UGLIEST CHART ON THE OTC.....HAVE FUN HOLDING THE BAG AS INSIDERS ARE JUMPING SHIP EVERY DAY....PACTON MOLD IS BROKE...AND SOON YOU WILL BE TO.
ACRL STOCK ATICAMA IS ON FIRE, AND MESSAGE BOARD HAS TONS OF ACTION,...THIS MESSAGE BOARD IS DEAD AND SO IS THE STOCK PRICE...ANY OF YOU INVESTED HERE SHOULD SEE THIS THING IS THE FALLING KNIFE.....EVEN WITH REPORTS OF GOLD AND BUYING MORE LAND ....THIS STOCK IS FALLING LIKE A ROCK.....ACRL IS UP GIGANTIC AND THEY ARE ON SAME LOOK AND AS KIRKLAND IN CANADA....I TOLD ALL 1 OR 2 OF YOU HERE ON THIS BOARD....ACRL IS THE PLAY.... NOT PACXF TURTLE HAVEN.
PACTON BUYING MORE LAND -MORE LAND = MORE TURTLES...TERRIBLE SHARE PRICE, ALL THIS NEWS AND....WOMP.....WOMP.....STUCK AT 10 CENTS....TO 12 CENTS.... JUST HORRIBLE.
howdy? are you enjoying the ride on the sideline? Have fun watching!
stop yelling! this is easy:if you are already out, why waste your time. Don't you have better to do with what could make you money. it's called positive productivity
stop yelling! this easy:if you are already out, why waste your time. Don't you have better to do with what could make you money. it's called positive productivity
WRONG - YOUR WRONG..ITS RED AGAIIIN AFTER NEWS...YOUR WRONG...ITS IN THE RED....WAKE UP....ANY OTHER STOCK WOULD BE ROCKETING UPWARDS....PACXF...DOWN ON NEWS.......NOT GOOD
Correction; WRONG WRONG again.
NEWS OUT YESTERDAY AND STOCK "FLAT-LINED""ANY OTHER STOCK WOULD HAVE GONE ON A RUN.....NOT THIS ONE...IT WENT IN A FLAT LINE FOR ABOUT 5 HOURS....LOOK AT THE CHART...D O A...
THE NEWS REPORT SHOULD HAVE STATED,
NO GOLD FOUND, JUST HUNDREDS MORE OF RED LAKE MUD TURTLES.....
THE FINDING OF TURTLES WOULD HAVE AT LEAST MOVED THE NEEDLE ON THIS STOCK...
BUT 5 HOURS OF SIDEWAYS STRAIGHT LINE....ON NEWS....
NOT GOOD. !!!
Why are you yelling with big caps. Read this instead!
This man is not saying so:
Pacton Gold closes almost C$2.1M private placement led by firm founded by billionaire investor Eric Sprott
The gross proceeds from the issuance will be used for Canadian exploration expenses and will qualify as flow-through mining expenditures
Do you know who Eric Sprott is?
Pacton Encounters Multiple New High-Grade Gold Samples, Including 101.3 g/t Au and 33.9 g/t Au
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Vancouver, British Columbia, October 23, 2019 – 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 chan
ACRL STRIKING HUGE AMOUNTS OF GOLD - PACXF - NOTHING BUT A BROKE COMPANY WITH INSIDERS SELLING LIKE MAD...LOOK AT THE PACXF CHART....STRAIGHT DOWN.....IN FREE FALL......NO POSITIVE NEWS....JUST A COMPANY BLOWING THRU ALL ITS CASH....AND NOTHING TO SHOW FOR DRILLING BUT ....HUNDREDS OF OUNCES OF RED LAKE MUD TURTLES.....
SORRY EDGE....I WAS RIGHT YOU WERE WRONG...U SHOULD HAVE LISTNED....ENJOY YOUR PACXF SORROW TURTLE.
9 FREAKIN. CENTS...R U KiDDING ME..CALL PACTON GOLD ASAP...INSIDERS KNOW THEY SRE BROKE....INSIDERS ARE DUMPING AS FAST AS THEY CAN....HOW CAN THIS GO FROM 11 CENTS TO 9 WITH SO LITTLE , VOLUME....
ITS CRIMINAL....ABSOLUTELY CRIMINAL....SHAREHOLDERS DESERVE AN UPDATE.....I WARNED YOU ALL....PACTON HAS BLOWN THRU ALL THEIR CASH.....THEY ARE...BROKE AS A JOKE AND ALL LONG INVESTORS ARE NOW. HUGE BAG HOLDERS.....NO GOLD -JUST 100 OZ MUD TURTLES....SO SAD FOR EDGE....SHORT THIS TURD. ASAP....BEFORE INSIDERS BURY YOU
SHORTING IT NOW IS THE ONLY WAY..ITS A TURD.....FALLING KNIFE BIG TIME....LOOKS LIKE THE OTHER GUY SAW THE SAYLIGHT AND SOLD....THEN GOT OUT OF THE KITCHEN....LOSING MONEY GOT HIM BURNED....PACXF IS NOW JUST A SHORT STOCK...AND BELIEVE ME. 7 CENTS AINT FAR OFF.....I TOLD YOU THIS WAS A HUGE SCAM
NOTHING BUT RED LAKE MUD TURTLES...AND THE STOCK PRICE PROVES IT...
ANOTHER RED DAY HERE AT PACXF...THIS STOCK SUCKS
10 CENTS...REALLY..LOL COMPANY IS BROKE ITS IMPLODING RIGHT INFRONT OF YOU ,, TGEIRS NO GOLD...NOTHING...NO UPDATES....NO NEWS....OH WAIT....THE COMPANY IS BLEEDING OUT MONEY AND BURNING THRU CASH AS FAST AS IT CAN....ITS A RACE TO THE BOTTOM...SEE YOU AT 8 CENTS IN " OH LETS SAY. 3 DAYS....
YOU SHOULD REALLY TAKE MY ADVICE , LOOK AT THAT CHART....ITS IN ABSOLUTE FREE FALL.....ITS A SCAM.....BUT YOU MIGHT J7ST GET A MUD TURTLE FOR ALL YOUR FINANCIAL DESTRUCTION.
NO GOLD, NO NEWS, JUST HUNDREDS OF RED LAKE MUD TURTLES....THE LOWER IT GOES THE MORE PROOF YOU HAVE THAT I AM THE
GTOAT ---->
THE GREATEST TRADER OF ALL TIME
Well thanks for finally admitting you are shorting Tom Trady
YOUR NOT BUYING- IM NOT BUYING--> ITS A RACE TO GET OUT....JUST LOOK AT THE CHART...IT IS IN FREE FALL.....PACTON GOLD IS GOING BROKE...AND INSIDERS KNOW IT.....PEOPLE ARE FLEEING FOR THE EXITS....OH ITS GETTING BAD...OH SO BAD...BUT NOT FOR ME THE LOWER IT GOES THE MORE I MAKE...MBUT IM ALREADY A MULTI MILLIONAIR....I DONT REALLY NEED THIS SPARE CHANGE...NO GOLD HERE....ACRL IS THE REAL GOLD MINE.
Where’d you get those numbers Tom? From your Etch N Sketch probably
121.00 spent yesterday on BUYS....BIG SPENDER....
THIS STOCK IS TOAST. !
ITS JUST GETTING WORSE AND WORSE, OUT OF THE 12'S INTO THE 11'S SHE GOES....THE ICEBURG HAS BEEN STRUCK,
ITS RED LAKE MUD TURTLE TIME FOR ALL SHAREHOLDERS.
THE CASH BURN RATE REPORT HAS SCARED OFF ANY POTENTIAL INVESTORS
ITS LIGHTS OUT FOR PACTON GOLD....
THEY MIGHT JUST SPRAY PAINT THE TURTLES GOLD AND PAWN THEM OFF AS MOVEABLE GOLD NUGGETS WITH LEGS..
SORRY TO SEE ITS RED AGAIN-- ALMOST DAILY.....SO FAR TONS OF OUNCES OF MUD TURTLES......O - OUNCES OF GOLD....COMPANY BURNING THRU CASH - BIG TIME....READ THE PRESS RELEASE FROM LAST WEEK.
And show the proof in the news please where they are going bankrupt lol
GOLD NO - TURTLES YES- COMPANY GOING BROKE-- SUB PENNY SOOOON....PACXF WILL MAKE HEAVY BAGHOLDERS OF EVERYONE WHO OWNES SHARES....FACT --> COMPANY HAS NO REVENUE AND IS BURNING THRU CASH QUICKLY....doesnt take capital letters to see....this is a very very bad business plan and soon....everyone will be in a race to save their money....insiders dumping....average joe's dumping...the falling knife will start its decent...its going to be a race to the bottom.....better sell now.....its all going to fall apart soooon....maybe pacton will send all bagholders a free red lake mud turtle...your going to need a friend to cry to after pacton shuts down and closes up shop
When someone is writing in all CAPS and complaining constantly for a stock they are either shorting or trying to get in cheap. It doesn’t work here FYI.
I DONT KNOW WHO TOM BRADY IS, ALL I CAN TELL YOU IS IF YOU WANTED TO INVEST IN TURTLES....THIS STOCK IS FOR YOU, BECAUSE THATS ALL THEIR GOING TO FIND....AS FAR AS GOLD GOES.....YOUR OUT OF LUCK....BY THE LOOKS OF IT "PACXF"" WILL BE BROKE AND OUT OF BUSINESS VERY SHORTLY,....BUT THEY MIGHT SEND YOU A MUD TURTLE FROM RED LAKE....THATS ALL THEIR GOING TO FIND.
This isn’t a good stock to be trying to short Tom Brady. But keep your short position until drilling starts. You’ll be handing your money to me.
Well my Pacton went up 12.5% today on the Canadian side. Sure glad I didn’t listen to Mr CAPS today lol (:
The best time to buy is when people start bashing the company while writing in ALL CAPS. I’ve been quietly loading as this has already made me much $$$ since May (: Most mining stocks are down lately which is normal for this time of the year. The smart investors are picking up these cheap shares while it lasts.
IT JUST GETS WORSE HERE EVERY DAY...THIS THING IS RED EVERY DAY NOW LOOK AT THE CHART ...ITS HEADED STRAIGHT DOWN...YOU CANT DENY THAT....TOM TRADY KNOWS A TURD STOCK WHEN HE SEES ONE....AND BOY O BOY AM I LOOKING AT ONE WITH PACXF....GET OUT NOW BEFORE YOU BECOME EVEN BIGGER BAG HOLDERS.....THERE IS NO GOLD IN RED LAKE....JUST A DRIED UP SWAMP AND A COUPLE OF MUD TURTLES....
Guess you have no idea about red lake. Advertising your other stocks won’t help them go up.
ACRL MUCH BETTER PLAY, IM OUT OF PACXF PRICE FALLING EVERY DAY....NO NEWS...JUST RED EVERY DAY.....ACRL WITH NEW CEO AND NEW BOARD HAS MUCH MORE UPSIDE. REALLY LET DOWN, BY THE PERFORMANCE OF PACTON IN THE 2 WEEKS I HAVE BEEN INVESTED HERE...I SOLD MY SHARES AND I AM OUT OF THIS SCAM FOR GOOD....MOVING ON TO ""ONOV"" AND ""ACRL"" BOTH HAVE MUCH BRIGHTER FUTURES...NO GOLD WILL BE FOUND BY PACXF AT RED LAKE....JUST A FEW MUD HOLES AND A COUPLE OF TURTLES....THATS IT....PACXF IS A SCAM AND IM OUT. !!@
Once the drilling results pour in the action with Pacton will be like Night & Day
WHATS GOING ON HERE--> SLOWLY HEADED UP I See , why are people not piling into this....Does pacton gold have anything to do with ATACAMA MINING IN CANADA ( ACRL) I SEE THEY HAVE A WHOLE NEW BOARD OF DIRECTORS...AND ALOT GOING ON WITH THEIR I HUB MESSAGE BOARD,,....BUT PACTON GOLD SEEMS SO FAR AHEAD, Im just surprised by lack of action here on this board....
Hurry up Americans! At $01411 currently , Pacton Gold is going up and when they start drilling with results we’re going to explode with $$$$$
NEWS! 1st vein Located!
Pacton Identifies Vein Hosted Gold at Friendly Creek in Western Australia
V.PAC | 3 hours ago
(via TheNewswire)
image: https://tnw-c.thenewswire.com/data/tnw/clients/logos/LPRFqYnA.png
Vancouver, British Columbia - TheNewswire - July 12, 2019 - Pacton Gold Inc. (TSXV:PAC) (OTC:PACXF) (the "Company" or "Pacton") is pleased to announce that prospecting work at the Friendly Creek mining lease - one of Pacton's Egina area gold properties in Western Australia's Pilbara Craton, has identified primary quartz vein hosted visible gold mineralization. Numerous samples have been discovered and analysis suggests it is source gold from the underlying bedrock.
Highlights:
- Numerous samples of quartz hosted gold. Initial prospecting work has discovered gold at surface associated with quartz veining on granted Mining Lease M47/373, within Pacton's Friendly Creek tenement package.
- Source Gold at Surface. Gold specimens associated with quartz were liberated from veins within underlying bedrock, proximal to the source. The trend of gold mineralization at Friendly Creek is located along a parallel trend, defined by historic workings, which extend for greater than 4 km.
- Ongoing Exploration at Egina. Follow up work will include additional mapping and prospecting to identify underlying structures with potential to host shear-hosted gold mineralization. This will be followed by drill testing. Pacton also plans to conduct targeted, small scale surface sampling of marine terrace gravels on its Friendly Creek mining lease.
image: https://www.thenewswire.com/data/tnw/clients/img/2008cd25b2e62e2442b03702366cdc39_.png
Click Image To View Full Size
Figure 1. Numerous gold nuggets associated with quartz were discovered at surface at Friendly Creek indicating these were sourced from underlying bedrock.
image: https://www.thenewswire.com/data/tnw/clients/img/ee3d388198f24a639339e29a0ae79e49_.png
Click Image To View Full Size
Figure 2. Pacton Gold's Egina area properties showing the location of recent prospecting work at Friendly Creek and the location of Novo Resources recent bulk sampling of lag gravels.
Dale Ginn, Executive Chairman commented "The discovery of such visually impressive quartz vein hosted gold at surface represents a significant advancement at Pacton's Friendly Creek mining lease and speaks to the prolific potential of our Egina gold projects. A field reconnaissance program is now being planned and follow up exploration will include bulk sampling and drilling."
image: https://www.thenewswire.com/data/tnw/clients/img/1e1ef25ba56ab3c1376a81c8e42031b2_.png
Click Image To View Full Size
Figure 3. Pacton tenements in the Friendly Creek area showing the location of the discovery of gold nuggets associated with quartz from Mining Lease M47/373 and a gold trend with a strike length greater than 4 km.
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., 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
For more information, please contact 1-(855)-584-0258 or info@pactongold.com.
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.
Read more at https://stockhouse.com/news/press-releases/2019/07/12/pacton-identifies-vein-hosted-gold-at-friendly-creek-in-western-australia#mLwMyEKFWF4RWHh4.99
NEWS!!!!
Vancouver, British Columbia, July 3, 2019 - Pacton Gold Inc. (TSXV: PAC, OTC: PACXF, FSE: 2NKN) (the "Company" or "Pacton") is pleased to announce that, further to its news release of June 7, 2019, it has closed the final tranche of its financing. In total, the Company sold 35,400,000 common shares at a price of $0.10 per share and 166,667 common shares at a price of $0.12 per share for total gross proceeds of $3,560,000 and 16,590,847 flow-through common shares (the "FT Shares") at a price of $0.12 per FT Share for total gross proceeds of $1,990,901.
The gross proceeds from the issuance of the FT Shares will be used for Canadian Exploration Expenses and will qualify as "flow-through mining expenditures", as defined in subsection 127(9) of the Income Tax Act (Canada). The proceeds from the issuance of NFT Shares will be used for general working capital.
Dale Ginn, Executive Chairman of Pacton, commented, "We are pleased to have completed this final tranche of the financing. Pacton has a very strong portfolio of gold projects in Canada and Western Australia and has a comprehensive exploration program underway. We are particularly excited about the prospects for our Red Lake gold project and Pilbara gold projects and we look forward to sharing results as they come in."
For its efforts in finding certain placees, the Company paid a total of $111,048 in finders' fees and issued share purchase warrants to the finders authorizing the purchase of 205,500 common shares at a price of $0.15 per common share for a period of two years from the date of issue and share purchase warrants authorizing the purchase of 472,500 common shares at a price of $0.20 per common share for a period of one year from the date of issue.
All securities issued under the placements are subject to a four month hold period from the date of issue in accordance with applicable securities laws.
Certain directors and officers of the Company are participating in the private placement. Participation of insiders of the Company in the private placement constitutes a related-party transaction as defined under Multilateral Instrument 61-101. Because the Company's shares trade only on the TSXV, the issuance of securities is exempt from the formal valuation requirements of Section 5.4 of MI 61-101 pursuant to Subsection 5.5(b) of MI 61-101 and exempt from the minority approval requirements of Section 5.6 of MI 61-101 pursuant to Subsection 5.7(b) of MI 61-101.
2.On Behalf of the Board of Pacton Gold Inc.
3.R. Dale Ginn
4.Executive Chairman
For more information, please contact 1-(855)-584-0258 or info@pactongold.com.
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.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.
Copyright (c) 2019 TheNewswire - All rights reserved.
TheNewsWire
July 3, 2019 - 12:50 PM PDT
Read more at https://stockhouse.com/news/press-releases/2019/07/03/pacton-gold-closes-additional-2-8-million-of-oversubscribed-private-placement#OlJ69IBCITiO2lQp.99
We’re climbing! And will continue to right pass a dollar
NEWS!! Vancouver, British Columbia / TheNewswire / April 25, 2019 - Pacton Gold Inc. (TSXV: PAC, OTC: PACXF) (the "Company" or "Pacton") is pleased to announce the completion of a high resolution airborne magnetic survey at Pacton's Red Lake property in Ontario. A total of 2,957 line kilometers at a 50 meter line spacing was flown by Prospectair of Gatineau, Quebec. Initial survey results indicate multiple areas of interest in the form of prominent linear structures containing small-to-large scale folding and faulting (Figure 1 and Figure 2). This type of geological structure has the potential to host high-grade gold mineralization as proven by mineralized zones elsewhere on Pacton's land package, as well as major gold deposits in the Red Lake district.
Next phase of exploration work: With the survey complete, the Company is set to begin an initial field exploration program. This will include following up on historical sampling, gold showings, trenching and diamond drilling, along with the geophysical survey and soil sampling. The follow-up ground program will assist with the identification of D2 structures, mafic contacts and folds as identified by the magnetic survey. The combination of mafic to felsic contacts on Pacton's main Red Lake property and on the adjoining Dixie Lake project to the southeast are obvious exploration priorities. (Figure 2). Drilling of multiple priority targets is anticipated to begin late summer.
Dale Ginn, Executive Chairman commented, "The recent, significant exploration success near Pacton's Red Lake project was achieved by focusing on specific geological structures that include high-iron mafic rocks and D2 related folding and faulting. Our recent survey has successfully established the presence of all these components at our project and identified their locations. We are now in a position to commence targeted field exploration activity that will culminate in a drill program."
Further survey details: The central-west area of the property, mapped as basalt, demonstrates numerous east-west D2 fault structures that appear to be axial planar to repetitive folding (see inset Figure 1and Figure 2). Historical trench and surface sample results from the Boyden Lake showings appear to lie along an east-west D2 fault that bisects folding to the west, within or near mapped basalt units. Limited geochemical data is available, however MNDM lake sediment sampling in the area plot as basalts, as well, geochemistry plots of the Confederation Assemblage units do exhibit the presence of high iron tholeiite basalt (see Figure 2). Within the Confederation units, Pacton will prioritize targets that exhibit the confluence of high iron basalts, D2 faulting through folding, and historical sampling and workings. Exploration within the Balmer units of Pacton's landholdings primarily concentrated on the northeastern quadrant bordering Newmont, will focus on similar settings having already been established by the nearby extensive gold production.
image: https://www.thenewswire.com/data/tnw/clients/img/59ab3e099e7ef6ef69b40dfb0ec5ef66_.png
Click Image To View Full Size
Figure 1. Pacton Gold's Red Lake Property with new magnetic survey. Inset over western half of property with intensely folded basalt units cut by D2 structures.
image: https://www.thenewswire.com/data/tnw/clients/img/e742f9fb7736fa30a2973340a831a8fb_.png
Click Image To View Full Size
Figure 2. Pacton Gold's Red Lake project with the high-resolution airborne magnetics survey and Great Bear Resources Dixie project magnetics survey.
The Company also announces that it has entered into an option agreement (the "Agreement") to acquire 100% ownership of additional mineral claims in the Red Lake District, Ontario (the "Property"). The claims are located south of Great Bear Resource's Dixie Project along the Pakwash Fault. The Company can earn a 100% interest in the Property by paying a total of $90,000 and issuing an aggregate of 250,000 common shares over a two year period. The transaction is subject to the acceptance of the TSX Venture Exchange.
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., a director of the Company and a Qualified Person pursuant to National Instrument 43-101. The qualified person has not yet 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.
R. Dale Ginn
Executive Chairman
For more information, please contact 1-(855)-584-0258 or info@pactongold.com.
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.
Read more at https://stockhouse.com/news/press-releases/2019/04/25/pacton-gold-high-resolution-survey-identifies-multiple-areas-of-interest-in-red#achYSp18ECrlZFdf.99
Pacton Gold – A Good Time To Go Bullish On It, If Not Already
Pacton Gold (TSX.V: PAC.V) (OTC: PACXF) so far has had a good week, thanks to the continuous flow of announcements from the company. Along with these positive announcements, the marginal recovery in the gold price has also likely encouraged the investors to show their love for Pacton.
Announcements from Pacton Gold
On Monday, Pacton Gold announced another acquisition to further grow its portfolio in the Western Australia Pilbara region. The company announced that it entered into a binding letter of intent to buy conglomerate gold rights from Calidus Resources Limited. It is another significant acquisition for Pacton as Calidus previously has recovered nuggets near to the mapped conglomerate.
“Securing the conglomerate gold rights over this significant portfolio of tenements from Calidus further consolidates Pacton’s position in the Pilbara region of Western Australia,” said Pacton’s Interim President and CEO – Alec Pismiris.
On Tuesday, Pacton Gold came up another announcement of appointing Allan J. Folk and Alec Pismiris as directors. “They both have extensive experience in the mining sector and capital markets and are ideal candidates for moving Pacton forward,” said Dominic Verdejo, Chairman of the Board.
Folk has more than 35 years of experience in the Canadian mining finance space. He has worked at senior positions for both junior and advanced Canadian companies. Folk, who is currently the Vice President of Brant Securities, is also a director of Bonterra Resources and Monarca Minerals, and the Chairman of Atlanta Gold.
Similarly, Pismiris have over 30 years of experience in the securities, finance and mining industries. Currently, he is the director of many ASX listed companies. He is the founding shareholder and director of Cardinal Resources Limited, which found the Ghana’s Namdini Gold Project.
Expect positive movement in gold prices
In addition to these announcements, a marginal recovery in the gold prices has also helped in pushing the stock up this week. However, it remains to be seen if the yellow metal is able to retain this movement and continue the move up. At the time of this writing, things were not looking well for the gold as it was dropping again following an uptick in the dollar.
Going ahead, however, there are good chances that we may see the gold prices to rally. Several emerging countries and governments, which are at some level of war against the US, are stocking gold to lower their dependence on the dollar. Several countries are selling dollars fearing unpredictable diplomatic actions from Trump administration.
At the end of June, Philippines, for instance, had 196.4 tons of gold, an increase of 20% from 2010. Similarly, Indonesia has raised its gold holdings by 10% during the same period. Russia, which is facing U.S. economic sanctions, is consistently boosting its gold holdings, which is now the fifth biggest among the world’s central banks. At the end of June, Russian central bank had 1,944 tons of gold, up 6% since the end of 2017.
Iran too is witnessing a rise in gold purchases. During the first half of the year, sales of bullion and coins in the country have almost tripled from the same period last year, according to the data from the World Gold Council. Moreover, analysts expect these countries to continue with their gold buying.
Even the US dollar is expected to lose its strength going ahead. “Currently, the U.S. economy is in very good shape because of the positive effects of the tax cuts, but the time will come when the U.S. will face negative consequences of the measure,” Itsuo Toshima, a market analyst, told Nikkie Asian Review.
Conclusion
Demand for gold from these countries, and the expected uncertainty in the US economy will be good for gold prices and gold stocks. And, Pacton Gold with its impressive portfolio and robust management team is poised well to benefit from this.
Disclaimer: The above article is sponsored content. Whoa Is Media Inc, has been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation: https://whoaismedia.com/legal-disclaimer/
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