Pacton Gold Inc.

Pacton Gold Inc. , , is pleased to announce that further to its news releases of March 11, 2022 and April 4, 2022, it has closed the final tranche of its private placement. The Company issued 250,000 flow-through common shares at $0.36 per FT Share for total proceeds of $90,000 and 4,580,000 non flow-through common shares at $0.30 per NFT Share for total gross proceeds of $1,374,000. The gross proceeds from the [...]

Pacton Gold Inc. is pleased to announce that, further to its news releases of March 11, 2022, it has closed the flow-through portion of its private placement. The Company issued 8,333,333 flow-through shares at $0.36 per FT Share for total proceeds of $3,000,000. 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 [...]

Pacton Gold Inc. is pleased to announce that it has arranged, subject to regulatory approval, a private placement of 7,142,857 flow-through shares at $0.42 per FT Share for total gross proceeds of $3,000,000 and 3,333,333 non flow-through shares at $0.30 per NFT Share for total gross proceeds of $1,000,000. The gross proceeds from the issuance of the FT Shares will be used for Canadian Exploration Expenses and will [...]

Pacton Gold Inc. is pleased to announce that drill equipment and crews have mobilized to the Red Lake Gold Project and have commenced drilling on the 10,000 m campaign. This campaign is the third drill program conducted by Pacton in Red Lake, ON and will focus on four key target areas not yet drill tested by the Company . The exploration program also includes additional sampling of intervals from previous drilling at [...]

Pacton Gold Inc. is pleased to announce details and targets for the upcoming 10,000 m drill program at its Red Lake Gold Project in Ontario. Drilling will focus on advanced targets in the Boyden West, Carricona, Claremont, and Keg target areas . The program is scheduled to begin late February and follows recently completed surface exploration . Drilling will consist of an anticipated 22 holes and will continue [...]

Pacton Gold Inc. is pleased to report assay results from soil sampling have returned strongly anomalous gold values in multiple areas of its Red Lake and Gullrock properties. Soil sampling throughout the summer of 2021 has added over 7200 assays to Pacton's database, forming a robust grid of geochemical data over the Red Lake and Gullrock properties. Multiple anomalous gold trends have been identified using data from [...]

Pacton Gold Inc. is pleased to announce that it is increasing the recently announced 10,000 m drill program at its Red Lake Gold Project . Ongoing analysis of results from the recent surface exploration program highlight multiple new gold targets in the Claremont area. The property is adjacent to Great Bear's Dixie Project, and results from reconnaissance drilling in 2021 showed multiple geological similarities to [...]

Pacton Gold Inc. is pleased to announce a fully funded 10,000 m winter drill program at the Red Lake Gold Project. The program will focus on targets generated during the 2021 surface program, completed in September 2021, and reconnaissance drilling carried out during 2020/21. Targets include the newly identified Claremont gold system , where Pacton discovered a 2 km long mineralized gold trend. Drilling is expected [...]

Pacton Gold Inc. is pleased to announce that it has closed a private placement of 3,718,180 flow-through shares at $0.55 per FT Share for total gross proceeds of $2,044,999. 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 of the Income Tax Act . All securities issued under the [...]

Pacton Gold Inc. is pleased to announce the discovery of a new gold bearing system at its Red Lake Project in Red Lake, Ontario. The new mineralized gold trend in the Claremont target area extends for approximately 2 km . Recent outcrop sampling on the trend has returned widespread mineralization at and near surface that includes continuous zones of up to 60 m in length and 50 m in width. News Highlights New [...]