Pacton Gold Inc (fka PACXF)

[Edgenation]

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 [e-mail].

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

[Tom Trady]

Falling like a rock,it's a SCAM.

[WHOAstocks]

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/

[WHOAstocks]

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.

[WHOAstocks]

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.

[WHOAstocks]

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.

[solong]

$PACxf Pacton Gold to Acquire 2 More Granted Mining Leases and Further Increase its Strategic Property Portfolio in Western Australia's Pilbara Mining Region

[GS1]

PACXF News out

https://www.otcmarkets.com/stock/PACXF/news/story?e&id=1144536

[GS1]

$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/

[gkro]

great start this week GO PACXF

[Dreams Alive]

$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

[Diego Delgado]

Yup! $PACXF

[Diego Delgado]

Held up well for a Friday! $PACXF

[jedijazz]

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.

[24d]

more like can we hold in the .30's pacfx

[jedijazz]

Low float plays being accumulated move up quickly!

PACXF

[jedijazz]

$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

[Diego Delgado]

Back over .40 for power hour? $PACXF

[budfoxfun]

3rd largest land holder in Australia’s Pilbara #Gold Rush & significantly expands its portfolio. https://bit.ly/2KShtGE

$PACXF $PAC.V

[zigzagman]

Only 5,000 shares left on the Ask to a new HOD above .414



$PACXF

[budfoxfun]

holding green this afternoon!

PACXF PAC.V

[jedijazz]

Daily Interactive Chart for PACXF
https://www.tradingview.com/chart/?symbol=OTC:PACXF

[jedijazz]

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

[budfoxfun]

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

[Diego Delgado]

Yup! I added more! &PACXF

[zigzagman]

This is a great Investor Presentation from Pacton Gold

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



$PACXF / $PAC.V

[jedijazz]

The company continues to further consolidate Western Australia's Pilbara #gold region through key property acquisitions. https://tinyurl.com/yavvztcw

PACXF

[zigzagman]

"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

[gkro]

new here bought a few glta

[jedijazz]

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

[resx18]

$PACXF long and strong!

[zigzagman]

+17.26% at .4104 and looking for a nice bounce from these prices

$PACXF

[jedijazz]

.399 back up on ask here resx18

PACXF

[jedijazz]

$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

[resx18]

Nice open! $PACXF

[jedijazz]

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

[zigzagman]

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

[Diego Delgado]

Very nice new out this year! $PACXF

[Diego Delgado]

Alright! Time to buy some gold! $PACXF

[jedijazz]

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

[resx18]

Good morning $PACXF

[zigzagman]

Pacton Gold has put out some great news this year!

https://www.otcmarkets.com/stock/PACXF/news

[Diego Delgado]

Happy Friday! $PACXF

[jedijazz]

Gold Mining Stock that is ripe for a rebound today.
http://millennialinvestornews.com/pacton-gold-is-it-the-next-breakout-gold-mining-stock

PACXF

[budfoxfun]

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

PACXF

[budfoxfun]

"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

[resx18]

Ready for a huge day tomorrow! $PACXF

[jedijazz]

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.

[jedijazz]

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.

[budfoxfun]

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