Pacton Gold Inc.(TSX-V:PAC) is pleased to announce that it has entered into two separate option agreements to acquire a 100% interest in 44 mineral claims totaling 8,716.9 Ha (21,640 acres) in the Red Lake Mining District of Ontario, Canada. The option agreements are for 14 mineral claims for an area of approximately 2,282.4 Ha (5,640 acres) (the “Byshe/Ranger Agreement”) and for 30 mineral claims for an area of approximately 6,474.9 Ha (16,000 acres) (the “Red Lake Agreement”).
Dominic Verdejo, President and CEO of Pacton Gold commented, “The Red Lake Mining District is one of the richest mining camps in the world, and we are pleased to be able to add to our existing land portfolio, and increase our land position by nearly 200%. Our exploration team is currently reviewing the geological database and planning a focused exploration program for 2017. We now control strategic land positions immediately adjacent to some of the more active exploration and mining companies in the Red Lake Mining Camp, including Goldcorp, Pure Gold, and Premier Gold.”