Pacton Gold Rg

FIELD WORK TARGETING HIGH-GRADE GOLD AT YANDICOOGINA, PILBARA, WA

Pacton Gold Inc. has commenced initial fieldwork at Pacton's Yandicoogina project, where historical results from surface sampling have reported up to 199.7 grams per tonne gold. The work program is targeting high-grade, shear-hosted gold within a number of mineralization settings and will use rock chip sampling and mapping to prioritize targets for drill testing.

Highlights:

Strike length: 4.7-kilometre cumulative strike length of mapped anomalous quartz vein structures hosting gold mineralization;
Historical sampling results showing strong gold mineralization in multiple locations: rock chip sampling reporting results of up to 199.7 g/t Au at surface (Western Australia Geological Survey);
Prioritizing targets for upcoming drill program: results from the current program to be used to rank targets based on further exploration potential and to prioritize for drill testing planned for 2019.
Dale Ginn, executive chairman of Pacton Gold, stated: "Pacton's Yandicoogina project hosts high-grade gold-bearing systems that are readily apparent and exposed at surface. It also has coarse nuggets from surface prospecting that appear to be from a vein source and have not been subjected to significant transportation. What the project lacks is any significant amount of drilling to depth. Our initial program will therefore focus on prioritizing targets for drill testing the high-grade concentrations at Yandicoogina."

PACTON GOLD EXPANDS LAND POSITION IN RED LAKE, ONTARIO, PLANS DRILL PROGRAM

Pacton Gold Inc. has entered into an agreement with Larry Herbert to acquire 100-per-cent ownership of additional mineral claims in the Red Lake district, Ontario. The claims are located contiguous and to the northwest of Pacton's current landholdings in the prolific Balmer assemblage and increase the company's land package to 16,630 hectares. Pacton is in the process of planning a spring, 2019 exploration program in Red Lake, including drilling.

The Balmer assemblage has been proven to host significant high-grade mineralization at Pure Gold's Madsen mine and Goldcorp's Red Lake and Campbell mines, historically producing over 20 million ounces of gold combined. The new property contains geology consistent with known areas of high-grade gold mineralization in the region, specifically the contact between Confederation and Balmer assemblage rock units as well as folded mafic and ultramafic volcanics with mafic and felsic intrusives.

Dale Ginn, executive chairman of Pacton Gold, explained: "Pacton's Red Lake land package now spans a large, underexplored area of the prolific Balmer assemblage and Confederation assemblage, as well as much of the contact between the two. We view this as a clear opportunity to capitalize on prospective ground that hosts geological structures of considerable interest. Our team has an aggressive exploration program planned for this spring, and we expect to commence drilling in May."

The high-resolution helicopter magnetics survey has been flown and Pacton is awaiting a finalized report to begin preliminary targeting to aid the mapping and prospecting in spring 2019, with drilling to follow.

Agreement details

Hello,

as far as I read into the story, FRN is putting forward a request for tenement for the land north east of De Grey. This has not been granted as of now. Reading from the attached announcment. This rather being a question on my end, as I am trying to find out myself.

https://www.frmetals.com.au/uploads/1/7/9/2/...kage__004__-_final.pdf

Going back to specifically this land package, it was previously or still is held by Pacton Gold. Which highlights it also their claim map:

https://www.pactongold.com/_resources/images/WA_ClaimMap_20190130.jpg

This piece of land, now for tenement request at FRN, was formerly part of a Deal with Arrow and Pacton in 2018.

https://www.mining-journal.com/discovery/news/...-modest-looking-deal

How the Details of the story and intertwined legal aspects are, uncertain to me at the moment. Whilst tenement does not seem to be confirmed for FRN, Pacton as well as FRN publishing this land claim in their corporate documentation?

Any enlightening thougts?

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