viewPacton Gold Inc.

Pacton Gold announces latest gold nugget discovery - at Golden Palms property

As revealed last month, the group further expanded its footprint in the Pilbara in Australia

Pacton Monday announced more gold nugget discoveries

Pacton Gold Inc. (CVE:PAC, OTC:PACXF) Monday announced the first discovery of gold nuggets on the Golden Palms property in the Pilbara, greatly expanding the known nugget-bearing potential of the South Egina area.

As revealed last month, the group expanded its footprint in the area in Australia - as it revealed its acquisition of the Golden Palms property.

The tenement, measuring 7km by five km, extended Pacton's Friendly Creek project northward. It also lies adjacent to Novo Resources Corp.'s tenement block.

Also last week, the group told investors it had found gold nuggets at the Egina area of its Friendly creek tenements - locating nuggets at six locations on the tenements ahead of the firm carrying out organized geological mapping and exploration.

The latest discovery, the firm said today, lies 2.5 km northwest of the recently announced Friendly Creek gold nugget discovery and occurs across the regional structural and stratigraphic fabric of the underlying bedrock geology.

It lies within a 300 meter by 300 meter area, Pacton said.

"This gold nugget discovery, within a 300 meter by 300 meter area, is significant in that it represents the first gold discovery on the Golden Palms tenement and has greatly expanded the known nugget-bearing potential of the South Egina area," said the company.

Shares added 2.67% to $0.38 in Toronto.

Quick facts: Pacton Gold Inc.

Price: 1.25 CAD

Market: TSX-V
Market Cap: $35.06 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Pacton Gold Inc. named herein, including the promotion by the Company of Pacton Gold Inc. in any Content on the Site, the Company receives from...


2 min read