Category: Silver / Gold

Pacton Accelerates Red Lake Drilling With 2nd Rig; Provides Exploration Update

VANCOUVER, BC /  December 3, 2020 / Pacton Gold Inc. (TSXV:PAC)(OTC PINK:PACXF)(FSE:2NKN) (the "Company" or "Pacton") is pleased to announce that a second drill rig has begun drilling at Pacton's Red Lake gold projects in Ontario, Canada, where the Company is carrying out two, concurrent drill programs. The first drill rig is conducting an 11,500 m program at the advanced Sidace gold project in Red Lake (see Pacton news release dated September 23, 2020), and the Company is currently awaiting assay results for phase I. The second rig has commenced a 10,000 m drill program at Pacton's greenfield exploration project in Red Lake, following up encouraging results from the 2019/20 reconnaissance drill program.
Red Lake Exploration Update: Key Points
Red Lake Project (10,000 m drill program)
Exploration drilling is underway.
Initial targets follow up on results from 2019/20 reconnaissance drilling, which include 17.2 g/t Au over 0.5 m (see Pacton news release dated June 24, 2020).

Sidace JV Project (11,500 m drill program)

Pure Gold Seismic Survey

Nav Dhaliwal, Interim President and CEO for Pacton, commented, "With two concurrent drill programs underway, Pacton's exploration activities in the heart of Ontario's Red Lake gold rush are gaining pace. We are currently awaiting drill results from the lab for our first round of drilling at the advanced Sidace gold exploration project. In addition, I'm pleased to confirm that the second drill rig has commenced work, following up on the gold mineralization and key structures that we encountered during our 2019/20 program. We look forward to sharing more information once received."

Figure 1. Pacton's Red Lake properties showing drill target areas, present and past producing mines and active projects in the district.

About Pacton Gold
Pacton Gold is a Canadian exploration company with key strategic partners focused on the exploration and development of high-grade gold properties located in the Red Lake gold rush in Ontario, Canada. The Company also owns a strategic portfolio of prospective projects in the district-scale Pilbara gold rush in Western Australia.

The technical content of this news release has been reviewed and approved by Dale Ginn, P.Geo., Executive Chairman and a director of the Company and a Qualified Person pursuant to National Instrument 43-101.

On Behalf of the Board of Pacton Gold Inc.
Nav Dhaliwal
Interim President and CEO

For more information, please contact 1-(855)-584-0258 or This email address is being protected from spambots. You need JavaScript enabled to view it..

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.

SOURCE: Pacton Gold