Pacton Gold outlines exploration plans for the year at its Sidace and Red Lake gold projects

Pacton Gold Inc (CVE:PAC) (OTCPINK:PACXF) (FRA:2NKN) said it has finished its winter drill program at the Sidace and Red Lake gold projects in Ontario. In a statement, the company said it is planning a “comprehensive” follow up exploration program to take place during 2Q and 3Q of this year. "This continues to be a very active period for Pacton,” Pacton interim CEO Nav Dhaliwal told shareholders in a statement READ: Pacton Gold sets new priority targets for its Red Lake project after neighbour PureGold Mining's seismic survey “We have just completed drilling and are awaiting assays from multiple holes in two programs at our projects in the Red Lake gold rush. We are also in the final stages of planning a robust surface exploration campaign to develop additional targets, and anticipate crews mobilizing next month,” he added. Once results from all programs have been received and analyzed, the Vancouver-based explorer plans to resume drilling in the fall, Dhaliwal said. At Sidace, a joint venture with Evolution Mining, Pacton drilled a total of 11,575 metres over 18 holes. The company said it saw “strong” results from the Phase 1 program, released in January, including high-grade and widespread mineralization. Drilling in Phase 2 and 3 encountered geology indicative of known mineralization at the Upper Duck and Anderson zones, Pacton added. "We are very encouraged by the positive drill results at the Sidace project thus far, which confirm the presence of a large, mineralized gold system at the project,” Pacton executive chairman Dale Ginn told shareholders. “We are now conferring with joint venture partner, Evolution, to confirm final details for the next round of exploration at Sidace.” The firm also drilled 8,919 metres over 24 holes at its Red Lake gold project and will start a surface exploration campaign in the summer to generate new targets for a fall drilling campaign. Ginn noted that the company is continuing to vector in on priority targets at LP Extension, Madsen boundary and Gullrock targets. Contact Angela at angela@proactiveinvestors.com Follow her on Twitter @AHarmantas