With exploration permit in hand, Vancouver's Pacton Gold is mobilizing equipment and crew for an 11,500-metre drill program in the coming weeks for its Sidace project at Red Lake.
Pacton is the exploration program operator of the joint venture project with Evolution Mining, the new operators of the Red Lake mine complex.
The Sidace property is 28 kilometres northeast of the town of Red Lake.
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The project is considered an advanced gold project with three distinct zones of mineralization and more than 80,000 metres of historical drilling.
Both companies are contributing to a $2.44-million exploration program that includes drilling, re-logging and re-sampling historic drill core, and geophysics.
The drill program will focus on expansion drilling at all three zones, including the Main Discovery, Upper Duck and Anderson zones.
Pacton has gold properties in Red Lake, a uranium project in the Athabasca Basin of Saskatchewan and gold properties in Western Australia.
The company recently completed an airborne magnetic survey of three other properties at Red Lake, running close to 3,000- line kilometres of its Gullrock, Golden Loon, Dixie and Pakwash properties.
Pacton is firming up plans to start a second round of exploration drilling on these properties sometime this fall.
