Pacton Gold Inc (fka PACXF)

[zigzagman]

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

[budfoxfun]

news getting big buzz this week! https://ca.finance.yahoo.com/news/pacton-gold-acquire-granted-mining-164000019.html

PACXF PAC.V

[jedijazz]

BUY signal issued on 5/30 for PACXF https://www.americanbulls.com/SignalPage.aspx?lang=en&Ticker=PACXF

[budfoxfun]

should see a nice bounce to end the week

$PACXF $PAC.V

[zigzagman]

Level 2 shows a gap on the Ask from .399 to .6606 now!



$PACXF

[Diego Delgado]

Very encouraging! Thanks for the share! $PACXF

[jedijazz]

The overall outlook of the gold mining industry is also encouraging. This is another big reason to bet on Pacton Gold. Zacks believes that “the valuation picture for the sector is attractive, highlighting a value-oriented path head.” The sector is believed to be undervalued when compared to the broader marker. Gold mining industry has a trailing 12-month EV/EBITDA multiple of 8.3, compared to 11.3 for the S&P 500’s.

PACXF

[jedijazz]

Market reaction rebounds as Pacton Gold is apparently working on a well-defined plan. First, it has equipped itself with the funds to finance its growth ($5.5 million placement), and then, it went on a buying spree, acquiring key properties in Australia’s Pilbara gold rush. Following the acquisition, PAC is now among the top player in the Pilbara, a region that has the potential to help PAC achieve new growth records.

PACXF

[zigzagman]

Pacton Gold is focused on acquiring, exploring and advancing mineral assets in key mining friendly locations globally. They have three properties in Canada and are now the third largest land holder in the Pilbara Gold Rush area in Australia. Learn more about PACXF at: http://www.pactongold.com

[Let's Roll]

I think you are right, the bottom is in it looks like.

PACXF PAC.V

[jedijazz]

Gold rebounds above $1300 on US tariffs, upside limited by USD recovery
By Matías Salord PACXF

Gold rebounds after US announces tariffs on EU, Mexico and Canada.
Wall Street drops sharply, US dollar rises on risk aversion.
Gold prices dropped after the release of US data but rebounded after US Commerce Secretary Wilbur Ross announced that the European Union, Canada, and Mexico will face steel and aluminum tariffs beginning at midnight tonight.

The value of the ounce bottomed at $1,298/oz after better-than-expected US data. Following the imposition of tariffs jumped to test daily highs at $1,306. It failed to break above and pulled back to the $1,300 zone.

The bullish momentum lost strength during the last hours amid a recovery of the US Dollar across the board. The greenback benefit from risk aversion. The DOW JONES lost more than 200 points during the last hours amid fears of a “global trade war”. Mexico announced retaliatory measures and European leaders regretted Trump’s decision.

XAU/USD still in range

The yellow metal continues to move sideways around $1,300 unable to set a clear direction. On the upside, a consolidation above $1,307 is needed in order to clear the way to more gains. The next resistance levels might be seen at $1,315 and $1,318.

On the flip side, the area at $1,295 and a short-term uptrend line is offering support: a close under that level could open the doors to more losses with potential target at $1,288 and the 2018 low at $1,282.

[Let's Roll]

That is right Jedi. PACXF has made a lot of progress in the last year.

PAC.V

[budfoxfun]

looks like the bottom is in

PACXF PAC.V

[jedijazz]

This month $PACXF Pacton Gold became the 3rd largest land holder in Australia’s Pilbara #Gold Rush & significantly expands its portfolio. https://bit.ly/2KShtGE

[budfoxfun]

buy rating https://www.barchart.com/stocks/quotes/PACXF

$PACXF $PAC.V

[zigzagman]

They're finding 5mm-10mm gold nuggets at the Arrow project in Australia

10mm is a little over 3/8 inch, so they are pretty good sized nuggets!

http://www.pactongold.com/index.php/australia/arrow-project



$PACXF / $PAC.V

[24d]

wow, that wall got hammered down!! good sign. pacxf

[24d]

over 100k on the ask @ 38. the ratbastards are really trying to discourage buying. pacxf

[Diego Delgado]

Exactly! $PACXF

[jedijazz]

Investor’s are confident in PACXF. The stock had gained over 20%, and year-to-date it was up over 160%. Also, in comparison to Novo Resources, a bigger name in the gold mining industry, PAC stock is still well ahead. Like to see a close higher than .50

[resx18]

No brainier.. $PACXF

[Let's Roll]

Looking for a huge bounce here!

PACXF / PAC.V

[jedijazz]

Pacton Gold Inc (TSX.V: PAC.V) (OTCMKTS: PACXF) has been in the news lately, and for all good reasons. In May, the company closed a $5.5 million private placement, added a significant strategic shareholder (Eric Sprott) and acquired several new key licenses. All these are good enough reasons to invest in PAC. Investors clearly are aware and understand the importance of such developments, and hence, have been showing their confidence in the stock.

PACXF

[budfoxfun]

loading zone here!

PACXF PAC.V

[Diego Delgado]

Indeed! I’ll take all I can get at these levels! $PACXF

[resx18]

$PACXF is a no brainier at these levels

[jedijazz]

PACTON GOLD BUY pattern was finally receiving a confirmation because the prices crossed above the confirmation level which was at 0.5300

PACXF Like to see a bounce back to .53

[zigzagman]

PACXF is very undervalued at current prices!

[jedijazz]

$PACXF Buys coming in! For location map of the Property, please see: http://www.pactongold.com/Pacton-Location-Map.jpg

[Diego Delgado]

Yup! Can’t wait!! Got more cheapies! $PACXF

[jedijazz]

Gap Filling! Now heading back up here Rogue.

PACXF

[budfoxfun]

great way to play the gold sector! $PACXF / $PAC.V ( @PactonGold ) owns 1101 sq km of exploration tenements in the Pilbara region of Western Australia consisting of 13 Exploration Licenses http://www.pactongold.com/

[zigzagman]

This is a great Investor Presentation from Pacton Gold

http://www.pactongold.com/images/PactonGold-Presentation.pdf



$PACXF / $PAC.V

[jedijazz]

Golden opportunity here on $PACXF

Pacton Gold becomes the 3rd largest land holder in Australia’s Pilbara #Gold Rush & significantly expands its portfolio.

https://bit.ly/2KShtGE

[Diego Delgado]

As did I brother! Gap filled ready to run! $PACXF

[jedijazz]

Loading up here. PACXF

[resx18]

Loaded a bunch more.. $PACXF

[jedijazz]

Pacton Gold (CVE:PAC) (OTCMKTS:PACXF) 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 km2, and continues to aggressively review additional accretive acquisitions.

[jedijazz]

"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

[zigzagman]

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 PACXF as required to maximize the ongoing development of their existing project portfolio and to identify further value accretionary opportunities. https://ca.finance.yahoo.com/news/pacton-gold-acquire-granted-mining-164000019.html

[Diego Delgado]

Agreed! Looks like a dip and rip here! $PACXF

[budfoxfun]

oversold here, due for a bounce

$PACXF $PAC.V

[resx18]

$PACXF is a longer term hold imo

[zigzagman]

The gap is now filled. Thanks for the cheapies

$PACXF

[jedijazz]

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 km2, and continues to aggressively review additional accretive acquisitions.

[jedijazz]

Pacton Gold to Acquire Granted Mining Leases and Further Increases its Strategic Property Portfolio in Western Australia's Pilbara Mining Region
By PR Newswire, May 28, 2018, 12:40:00 PM EDT

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 km2 (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 km2).
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.



For location map of the Property, please see: http://www.pactongold.com/Pacton-Location-Map.jpg.





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 km2, 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.

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.

[Let's Roll]

Nice information there on twitter feedl

https://twitter.com/PactonGold

PACXF / PAC.V

[jedijazz]

.70 on ASK! Currently trading 6.16% higher

PACXF

[zigzagman]

+4.69% at .685 to start the day!



$PACXF

[budfoxfun]

huge acquisition here: Pacton Gold to Acquire Granted Mining Leases and Further Increases its Strategic Property Portfolio in Western Australia's Pilbara Mining Region https://ca.finance.yahoo.com/news/pacton-gold-acquire-granted-mining-164000019.html

$PACXF $PAC.V