Project Overview
The Red Lake Gold project is located in the Red Lake district in Ontario, Canada, and is wholly owned and operated by Pacton Gold Inc (“Pacton”). It is positioned among world-class assets, with the Dixie Project owned by Kinross at its south-east, PureGold Madsen’s mine at its northwest, and Evolution Mining’s Red Lake Gold mine at its north.
District mineralization is typically orogenic gold deposits with deep, crustal-scale fault structures in their fracture zone. Red Lake is located at the contact between the Balmer Assemblage and the Confederation Assemblage. Historically the Balmer Assemblage is where the majority of gold produced from Red Lake is sourced from. In parallel, the Confederation Assemblage has shown significant exploration success as shown in the Dixie project.
During 2020 and 2021 Pacton conducted a series of work programs consisting of geophysical programs, reconnaissance drilling, outcrop stripping, and surface sampling. The results of this exploration work yielded encouraging results within its 5 key exploration areas: Gullrock, Claremont, Boyden, Carricona, and Faulkenham. Pacton discovered the presence of a 2 km gold system in Claremont, 600 m gold trend in Faulkenham, and highgrade soil samples across Boyden and Carricona.
In September, 2022, Pacton released an exploration update on the Red Lake exploration program, outlining the results of their 5,698 m drilling program focused on Boyden and Carricona as well as future plans to continue exploration work for drilling at Claremont and Faulkenham gold trend.