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Pacton Gold Inc.
Summary
| Project: | Tully West | |
|---|---|---|
| Deposit: | Tully West | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/21/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-6-2017: Pacton Gold Inc. announces an Exploration/Drilling Update report for its Tully West deposit at the Tully West project. Drilling results incl. 2.5m @ 5.55g/t Au from 98.0m. Vancouver, British Columbia, June 21, 2017 – Pacton Gold Inc. (TSXV: PAC | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Caldbick (Internal) | |
| ABSTRACT: | Vancouver, British Columbia, June 21, 2017 – Pacton Gold Inc. (TSXV: PAC) (the “Company” or “Pacton”) is pleased to announce assay results from the first two drill holes from its recent reconnaissance exploration program on the Tully West Gold (Creighton ) Project. Four (4) drill holes were drilled to test an historical gold zone that yielded a high-grade intersection of 36.7 g/t gold over 6.3 meters drilled by SGX Resources Inc. in 2013. The Tully West Gold Project hosts the western extension of the Tully Gold Deposit and is situated approximately 33 kilometres northeast of Timmins, Ontario. Assay results from the final two holes are in the laboratory and are expected shortly. Dominic Verdejo, President and CEO of Pacton commented, “We are very excited to have intersected gold values in our first two holes at the Tully West Gold Project, and confirmed the presence of a high-grade gold system at depth. We are in the early stages of our evaluation of the project, but the presence of the en echelon gold vein system that was clearly identified in both holes is an excellent start, including 18.3 g/t over 0.7 m. We look forward to the results from the next set of drill holes and gaining additional technical information at the project.” The recent drill campaign, which was comprised of four (4) drill holes totalling 1,149 m, was designed to initially validate historical intercepts with stepout holes to the east and west, and to also confirm continuity of mineralization. The first two drill holes successfully identified nine (9) disparate auriferous en echelon vein systems and validated the historical intercepts and the presence of a gold system at depth. | |
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