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Pacton Provides Update on Acquisition of High-Grade, District-Scale Copper Project in Labrador, Canada
Pacton Provides Update on Acquisition of High-Grade, District-Scale Copper Project in Labrador, Canada
VANCOUVER, BC / ACCESSWIRE / November 16, 2022 / Pacton Gold Inc. (TSXV:PAC)(OTC PINK:PACXF)(FSE:2NKN) (the "Company" or "Pacton") is pleased to provide an update on the status of the acquisition of the district-scale Adeline copper project in Labrador, Canada (see news release dated October 19, 2022) (Figure 1 below). The TSX Venture Exchange will lift the halt on trading of the Company's common shares effective November 17, 2022.
Project Highlights
Adeline - an accelerated entry into copper. Adeline checks all the exploration and investment boxes in both the industrial and strategic metals markets: enthusiastic mining jurisdiction (Newfoundland and Labrador, Canada), hundreds of significant copper targets over a sedimentary belt measuring 40 km by 15 km, demonstrated ore grades and thicknesses at several prospects encountered by reconnaissance drilling, and remote from urban centers but accessible for exploration and development (Figure 2).
Geology points to district-scale potential. The Adeline Cu-Ag project shares certain key characteristics, such as regional scale, age of mineralizing event (Proterozoic, about 1 billion years) and(or) formational geology with several giant sediment-hosted copper mineral systems that contain significant copper deposits, including:
- Keweenawan Copperbelt, Michigan
White Pine: 230MT at 1% Cu, 12 g/t Ag
Copperwood: 100MT at 1.4% Cu, 4 g/t Ag
- Udokan Mine, Russia
Mineral Resources: 2.75BT at 0.97% Cu, 11.9 g/t Ag
Mine Reserves: 1.2BT at 2.0% Cu
- Central African Copperbelt
Ivanhoe's Kamoa-Kakula project: 1.4BT at 2.74% Cu (Indicated) over vertical thickness of 6.5 m, 339MT at 1.68% Cu (Inferred) over vertical thickness of 4.5 m
Chambisi Mine, Zambia: 200MT at 2.00% Cu
Chambisi West, Zambia: 45MT at 2.25%
Nkana-Mindola, Zambia: 612MT at 2.5% Cu
- El Soldado Mine, Chile
Global Resource: 200MT at 1.35% Cu, 10-20 g/t Ag
Mine Production: 70MT at 1.80% Cu (similar but much younger age)
Focused Acquisition Strategy. Pacton's business strategy and objective are to explore and de-risk the Adeline property to a stage that justifies its acquisition and development by a global copper producer.
Figure 1. The Adeline project is located in central Labrador, Newfoundland and Labrador, Canada.
Figure 2. The Adeline project totals 297 km2, covering an entire sedimentary basin with approximately 250 known copper occurrences.
About Pacton Gold
Pacton Gold is a Canadian exploration company with key strategic partners focused on the exploration and development of high-grade mineral resource properties in Ontario, Canada. The Company also owns a strategic portfolio of prospective projects in Western Australia.
The technical content of this news release has been reviewed and approved by Dale Ginn, P.Geo., Executive Chairman and a director, and Karly Oliver, P.Geo., Vice President Exploration and a director of the Company, who are both Qualified Persons pursuant to National Instrument 43-101.
On Behalf of the Board of Pacton Gold Inc.
Nav Dhaliwal
Interim President and CEO
For more information, please contact 1-(855)-584-0258 or info@pactongold.com.
This news release contains forward-looking information based on current expectations, including, but not limited to the status of the acquisition of the Adeline copper project (the "Acquisition") and the anticipated benefits thereof. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Completion of the Acquisition is subject to a number of conditions, including but not limited to TSX Venture Exchange acceptance. The resumption of trading of the Company's common shares on the TSX Venture Exchange does not constitute acceptance of the Acquisition. There is a risk that the transaction will not be accepted or that the terms of the transaction may chance substantially prior to acceptance and a trading halt may be re-imposed should this occur. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances. References to other issuers with nearby projects is for information purposes only and there are no assurances the Company will achieve similar results.
Neither TSX Venture Exchange, the Toronto Stock Exchange nor their Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Pacton Gold
View source version on accesswire.com:
VANCOUVER, BC / ACCESSWIRE / November 16, 2022 / Pacton Gold Inc. (TSXV:PAC)(OTC PINK:PACXF)(FSE:2NKN) (the "Company" or "Pacton") is pleased to provide an update on the status of the acquisition of the district-scale Adeline copper project in Labrador, Canada (see news release dated October 19, 2022) (Figure 1 below). The TSX Venture Exchange will lift the halt on trading of the Company's common shares effective November 17, 2022.
温哥华,BC/ACCESSWIRE/2022年11月16日/Pacton Gold Inc.(多伦多证券交易所股票代码:PAC)(场外交易代码:PINK:PACXF)(证券交易所代码:2NKN)(“公司“或”Pacton“)很高兴提供收购加拿大拉布拉多地区规模的Adeline铜矿项目的最新情况(见日期为2022年10月19日的新闻稿)(图1).多伦多证券交易所创业板将从2022年11月17日起解除公司普通股的停牌。
Project Highlights
项目亮点
Adeline - an accelerated entry into copper. Adeline checks all the exploration and investment boxes in both the industrial and strategic metals markets: enthusiastic mining jurisdiction (Newfoundland and Labrador, Canada), hundreds of significant copper targets over a sedimentary belt measuring 40 km by 15 km, demonstrated ore grades and thicknesses at several prospects encountered by reconnaissance drilling, and remote from urban centers but accessible for exploration and development (Figure 2).
阿德林--加速进入铜市。Adeline检查了工业和战略金属市场的所有勘探和投资方框:热情的采矿管辖区(加拿大纽芬兰和拉布拉多),在40公里乘15公里的沉积带上发现了数百个重要的铜矿目标,在侦察钻探遇到的几个远景显示了矿石品位和厚度,并且远离城市中心,但可以进行勘探和开发(图2)。
Geology points to district-scale potential. The Adeline Cu-Ag project shares certain key characteristics, such as regional scale, age of mineralizing event (Proterozoic, about 1 billion years) and(or) formational geology with several giant sediment-hosted copper mineral systems that contain significant copper deposits, including:
地质学指出了地区规模的潜力。Adeline铜银项目具有某些关键特征,如区域规模、成矿事件年龄(元古界,约10亿年)和(或)地层地质,其中有几个巨大的以沉积物为宿主的铜矿系统,其中包含重要的铜矿床,包括:
- Keweenawan Copperbelt, Michigan
- 密歇根州Keweenawan铜带
White Pine: 230MT at 1% Cu, 12 g/t Ag
白松:230MT,含1%铜,12g/t银
Copperwood: 100MT at 1.4% Cu, 4 g/t Ag
科珀伍德:100mT,含1.4%铜,4g/t银
- Udokan Mine, Russia
- 乌多坎矿,俄罗斯
Mineral Resources: 2.75BT at 0.97% Cu, 11.9 g/t Ag
矿产资源:2.75BT,含铜0.97%,含银11.9g/t
Mine Reserves: 1.2BT at 2.0% Cu
矿山储量:1.2Bt,铜含量为2.0%
- Central African Copperbelt
- 中非铜矿带
Ivanhoe's Kamoa-Kakula project: 1.4BT at 2.74% Cu (Indicated) over vertical thickness of 6.5 m, 339MT at 1.68% Cu (Inferred) over vertical thickness of 4.5 m
艾芬豪的卡莫阿-卡库拉项目:垂直厚度为6.5米时1.4BT为2.74%(指示),垂直厚度为4.5米时为339MT(推断)为1.68%
Chambisi Mine, Zambia: 200MT at 2.00% Cu
赞比亚尚比西矿:200MT,2.00%铜
Chambisi West, Zambia: 45MT at 2.25%
尚比西,赞比亚:45Mt,2.25%
Nkana-Mindola, Zambia: 612MT at 2.5% Cu
恩卡纳-明多拉,赞比亚:612mT,铜含量为2.5%
- El Soldado Mine, Chile
- 智利埃尔索尔达多矿
Global Resource: 200MT at 1.35% Cu, 10-20 g/t Ag
全球资源:200MT,含1.35%铜,10-20克/吨银
Mine Production: 70MT at 1.80% Cu (similar but much younger age)
矿山生产:70Mt,含1.80%铜(年龄相似但年轻得多)
Focused Acquisition Strategy. Pacton's business strategy and objective are to explore and de-risk the Adeline property to a stage that justifies its acquisition and development by a global copper producer.
重点收购战略。帕克顿的经营战略和目标将勘探和降低Adeline资产的风险,达到一个阶段,证明其被一家全球铜生产商收购和开发是合理的。
Figure 1. The Adeline project is located in central Labrador, Newfoundland and Labrador, Canada.
图1.Adeline项目位于加拿大拉布拉多中部、纽芬兰和拉布拉多。
Figure 2. The Adeline project totals 297 km2, covering an entire sedimentary basin with approximately 250 known copper occurrences.
图2。阿德林项目全长297公里2覆盖了整个沉积盆地,约有250个已知铜矿床。
About Pacton Gold
关于Pacton Gold
Pacton Gold is a Canadian exploration company with key strategic partners focused on the exploration and development of high-grade mineral resource properties in Ontario, Canada. The Company also owns a strategic portfolio of prospective projects in Western Australia.
Pacton Gold是一家加拿大勘探公司,拥有主要战略合作伙伴,专注于加拿大安大略省高品位矿产资源资产的勘探和开发。该公司还拥有西澳大利亚州潜在项目的战略投资组合。
The technical content of this news release has been reviewed and approved by Dale Ginn, P.Geo., Executive Chairman and a director, and Karly Oliver, P.Geo., Vice President Exploration and a director of the Company, who are both Qualified Persons pursuant to National Instrument 43-101.
本新闻稿的技术内容已由董事执行主席兼首席执行官戴尔·吉恩和公司的卡莉·奥利弗、副总裁总裁勘探和董事审定,他们都是符合国家仪器43-101标准的合格人员。
On Behalf of the Board of Pacton Gold Inc.
Nav Dhaliwal
Interim President and CEO
代表Pacton Gold Inc.董事会。
NAV Dhaliwal
临时总裁兼首席执行官
For more information, please contact 1-(855)-584-0258 or info@pactongold.com.
欲了解更多信息,请联系1-(855)-584-0258,或电子邮件至info@pactoold.com。
This news release contains forward-looking information based on current expectations, including, but not limited to the status of the acquisition of the Adeline copper project (the "Acquisition") and the anticipated benefits thereof. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Completion of the Acquisition is subject to a number of conditions, including but not limited to TSX Venture Exchange acceptance. The resumption of trading of the Company's common shares on the TSX Venture Exchange does not constitute acceptance of the Acquisition. There is a risk that the transaction will not be accepted or that the terms of the transaction may chance substantially prior to acceptance and a trading halt may be re-imposed should this occur. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances. References to other issuers with nearby projects is for information purposes only and there are no assurances the Company will achieve similar results.
本新闻稿包含基于当前预期的前瞻性信息,包括但不限于收购Adeline铜矿项目(“收购”)的状况及其预期收益。前瞻性信息受到重大风险和不确定因素的影响,因为实际结果可能与预测结果大不相同。收购的完成取决于若干条件,包括但不限于多伦多证券交易所风险交易所的接受。本公司普通股在多伦多证券交易所创业板恢复交易并不构成接受收购。存在交易不被接受的风险,或者交易条款可能在接受之前很大程度上是偶然的,如果发生这种情况,可能会重新实施交易暂停。截至本文发布之日,我们提供的是前瞻性信息,我们不承担更新或修改此类信息以反映新事件或新情况的责任。对附近项目的其他发行人的引用仅供参考,不能保证公司将取得类似的结果。
Neither TSX Venture Exchange, the Toronto Stock Exchange nor their Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
多伦多证券交易所、多伦多证券交易所及其监管服务提供商(该术语在多伦多证券交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。
SOURCE: Pacton Gold
资料来源:Pacton Gold
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