A junior mining company is planning to accelerate exploration activity in the Red Lake area.
Pacton Gold has unveiled its drilling plan for 2021.
Drilling commenced at the Red Lake and Sidace projects late last year with 10,000 metre and 11,500 metre programs respectively.
Officials say they currently have two drill rigs in operation and are awaiting assays from initial holes, as well as final results from multiple surveys.
They add the data will be key as they look to finalize the next round of drill targets for follow up in the coming months.
Here is a rundown on planned activity for 2021:
Red Lake Project Exploration
Phase I Drilling: Completion of ongoing 10,000 m greenfield drill program. Assays from initial holes are pending.
Phase II Target Development: Analyze 2020 geophysics and sampling data (expected to be received in Q1 2021). Commence property-wide surface exploration program with particular focus on anomalies identified by surveys during 2020.
Phase II Drilling: Undertake follow up drilling based on new target development and the results of Phase I drilling.
Sidace Project (Red Lake) Exploration
Phase II Drilling: Commence drill testing of western extension of Upper Duck and Main Discovery zones.
Phase III Drilling: Commence drill testing of northeast plunging mineralization at the Anderson zone.
Analysis and Evaluate Follow up Drilling: Evaluate results of 2020/2021 drilling and develop next phase of exploration.
2020 Exploration Highlights
Red Lake Project
-Completion of 8,200 m 2019/2020 reconnaissance drill program; Intersection of Near Surface Gold Mineralization at Carricona and Madsen-Dixie Corridor targets including 17.2 g/t Au over 0.5 m.
-Initiation of 10,000 m greenfield exploration drill program to follow up on encouraging results from 2019/2020 reconnaissance drilling and new targets identified from geophysics, artificial intelligence and 2020 surface sampling data.
-Completion of four distinct geophysics surveys (including magnetic’s, induced polarization (IP), seismic and VLF-EM) and a property-wide surface exploration campaign (including geological mapping, sampling, prospecting and soil geochemistry).
Sidace Project (Red Lake)
-Acquisition of joint venture interest in the advance Sidace gold project in Red Lake. Pacton entered into a joint venture with Evolution Mining, the senior producer in the district.
-Approval and initiation of 11,500 m expansion drill program. Pacton is the current operator at the Sidace project.
-Completion of Phase I drilling. The initial holes at Sidace targeted the extension of mineralization at the Main Discovery zone and were completed in December 2020. Results from Phase I drilling will be reported as they are received from the lab.
