Highlights of the newest Pilbara land transaction:
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Posted On: 05/28/2018 12:10:19 PM
Highlights of the newest Pilbara land transaction:
Acquisition of ~1,126 sq km of strategic conglomerate hosting exploration properties.
Pilbara total land portfolio now increased to approximately 2,227 sq km, which equates to ~18.6% in holdings when compared to the size of Novo Resources Corp. (NVO.V) land holdings, of approximately 12,000 sq km.
Transaction will place Pacton as the 3rd largest land holder in the Pilbara.
Previous exploration indicates at least 90 km of prospective Fortescue Group conglomerates occurring at or near-surface on its granted licenses, in particular to the west and east of Marble Bar as well as close to the Beatons Creek gold deposit near Nullagine. Conglomerates identified are approximately the same age as the Witwatersrand Basin Gold deposits of South Africa.
Properties are directly adjacent and proximal to key exploration properties controlled by Novo Resources Corp. and Kairos Minerals Ltd. (KAI.AX).
Rock chip results of up to 11.2 g/t gold occur at the Glen Herring Prospect 10 km west of Marble Bar in a gold-pyrite conglomerate that extends for 25 km.
Other gold-bearing conglomerates identified on or adjacent to the licences.
Access to the extensive regional knowledge and technical expertise provided by the Impact Team, led by Managing Director Dr. Mike Jones , who brings specific expertise in conglomerate-hosted gold, and who conducted his PhD studies on this style of mineralization in the northern source areas for the Witwatersrand Basin.
https://finance.yahoo.com/news/pacton-gold-be...00552.html
Acquisition of ~1,126 sq km of strategic conglomerate hosting exploration properties.
Pilbara total land portfolio now increased to approximately 2,227 sq km, which equates to ~18.6% in holdings when compared to the size of Novo Resources Corp. (NVO.V) land holdings, of approximately 12,000 sq km.
Transaction will place Pacton as the 3rd largest land holder in the Pilbara.
Previous exploration indicates at least 90 km of prospective Fortescue Group conglomerates occurring at or near-surface on its granted licenses, in particular to the west and east of Marble Bar as well as close to the Beatons Creek gold deposit near Nullagine. Conglomerates identified are approximately the same age as the Witwatersrand Basin Gold deposits of South Africa.
Properties are directly adjacent and proximal to key exploration properties controlled by Novo Resources Corp. and Kairos Minerals Ltd. (KAI.AX).
Rock chip results of up to 11.2 g/t gold occur at the Glen Herring Prospect 10 km west of Marble Bar in a gold-pyrite conglomerate that extends for 25 km.
Other gold-bearing conglomerates identified on or adjacent to the licences.
Access to the extensive regional knowledge and technical expertise provided by the Impact Team, led by Managing Director Dr. Mike Jones , who brings specific expertise in conglomerate-hosted gold, and who conducted his PhD studies on this style of mineralization in the northern source areas for the Witwatersrand Basin.
https://finance.yahoo.com/news/pacton-gold-be...00552.html
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