Pacton Announces 10,000 m Winter Drill Program at Red Lake, Ontario

VANCOUVER, BC / ACCESSWIRE / December 2, 2021 / Pacton Gold Inc. (TSXV:PAC)(OTC PINK:PACXF)(FSE:2NKN) (the "Company" or "Pacton") 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 (see Pacton news release dated October 28, 2021), where Pacton discovered a 2 km long mineralized gold trend. Drilling is expected to commence by February 2022.

News Highlights

• Fully Funded 10,000 m Exploration Drill Program. Proceeds from Pacton's recent flow-through financing will be used towards a 10,000 m drill campaign at the Red Lake Gold Project. Permitting is underway and drilling is expected to begin in early 2022.
• New, Drill Ready Target Areas. Detailed targeting for the new drill program is in the final stages. The campaign will test various new targets including the new Claremont gold system, follow up on previous successful drilling at the Faulkenham gold trend (see Pacton news release dated September 22, 2021), and test new target areas identified from the 2021 surface program (Figure 1).
• Target Generation Continues with Incoming Data. Pacton recently completed an extensive soil sampling campaign, including more than 7,300 samples over 9,400 ha. Analytical data from this large surface program continues to be received from the lab. This data, along with other previous work completed by Pacton, is being evaluated to further refine drill targets. Preliminary analysis from this program highlights multiple areas of interest at the property, including Claremont and Carricona. Additional details of high-priority target areas will be provided when finalized by the Company's technical team.

Nav Dhaliwal, Interim President and CEO for Pacton, commented, "During the last eighteen months, Pacton's Red Lake Project has seen extensive early-stage exploration work, including a huge ground prospecting program, seismic and high-resolution magnetic surveys, and reconnaissance drilling. As a result, we are heading into this new drill program guided by comprehensive data and focused on a series of exciting, high-priority target areas."

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