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Junior Mining

PACTON GOLD Increases Exposure to High-Grade Gold in Pilbara Region

VANCOUVERMarch 1, 2019 /PRNewswire/ – Pacton Gold Inc. (TSXV: PAC, OTC: PACXF) (the “Company” or “Pacton“) is pleased to announce that it has entered into a binding letter of intent (“LOI“) to acquire a 100% interest in the Tardarinna Gold Project. The acquisition of this strategic and prospective property, significantly enhances Pacton’s exposure to high-grade, shear-hosted gold within the Pilbara in Western Australia. Exploration targeting is underway and will be followed by field-based exploration across the property.

Tardarinna Gold Project Acquisition Highlights:

  • Up to 328 g/t Au has been reported by historical surface samples
  • Shallow eluvial gold workings identified in the south eastern quadrant of Project
  • Large target locations: Pegmatoidal-quartz veins have been delineated within a shear zone with >1 km strike and ranging between 10 to 50 m wide
  • Underexplored: property has never been drill tested
  • Tier one jurisdiction: Located in the Pilbarra region of Western Australia

Alec Pismiris, Interim President and CEO, of Pacton Gold, commented, “Acquiring the Tardarinna gold project will greatly enhance our exposure to high-grade, shear-hosted gold mineralization. This is a property with considerable advantages: it has historical samples of impressively high-grade gold, it is underexplored and has never been drill-tested and it is located in a stable jurisdiction with superb access to infrastructure. We look forward to defining the potential scale of Tardarinna.”

Figure 1. Tardarinna Project - Project Geology & Historical Mining (CNW Group/Pacton Gold Inc.)
Figure 1. Tardarinna Project – Project Geology & Historical Mining (CNW Group/Pacton Gold Inc.)
Figure 2. Pacton Regional Project Location Plan (CNW Group/Pacton Gold Inc.)
Figure 2. Pacton Regional Project Location Plan (CNW Group/Pacton Gold Inc.)

LOI Terms

Under the terms of the LOI, which will be formalized by a definitive agreement, the Company will acquire a 100% interest in Tardarinna by the issuance of 1,250,000 common shares.

This transaction is subject to the acceptance of the TSX Venture Exchange.

About Pacton Gold

Pacton Gold is a Canadian exploration company with key strategic partners focused on the exploration and development of high grade conglomerate and orogenic gold properties located in the district-scale Pilbara gold rush in Western Australia and the Red Lake District, Ontario.

The technical content of this news release has been reviewed and approved Peter Caldbick, P.Geo., a director of the Company and a Qualified Person pursuant to National Instrument 43-101. The qualified person has not yet verified the data disclosed, including sampling, analytical, and test data underlying the information or opinions contained in the written disclosure.

On Behalf of the Board of Pacton Gold Inc.

R. Dale Ginn
Executive Chairman

This news release may contain or refer to forward-looking information based on current expectations, including, but not limited to the Company achieving success in exploring its properties and the impact on the Company of these events, including the effect on its share price. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. 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.

Pacton Gold Inc. (CNW Group/Pacton Gold Inc.)
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Junior Mining

METALLIC MINERALS to Attend 2019 PDAC Conference, Grants Stock Options

VANCOUVER, British Columbia, Feb. 28, 2019 (GLOBE NEWSWIRE) — Metallic Minerals Corp. (TSX-V: MMG; US OTC: MMNGF) (“Metallic Minerals” or the “Company”) announces that company representatives will be attending the Prospectors & Developers Association of Canada (PDAC) International Convention to be held at the Metro Toronto Convention Centre in Toronto, Canada from Sunday March 3rd to Wednesday March 6th. Metallic Minerals will be exhibiting in the Investors Exchange throughout the conference at booth #3018 as a member of the Metallic Group of Companies. The PDAC Convention is the most-attended event for the world’s mineral exploration and mining sector and promotes a globally responsible and sustainable minerals industry.

Metallic Minerals also announces that it has granted 2,500,000 incentive stock options (the “Options”) to directors, officers, employees and consultants of the Company. The Options are exercisable for up to five years, expiring on February 28, 2024, and each Option will allow the holder to purchase one common share of the Company at a price of $0.18 per share based on the closing price of the previous trading day. The Options are subject to certain vesting requirements in accordance with the Company’s Long-Term Performance Incentive Plan.

About Metallic Minerals Corp.

Metallic Minerals Corp. is a growth stage exploration company, focused on the acquisition & development of high-grade silver and gold in under-explored districts of mining-friendly jurisdictions proven to produce top-tier assets. Our objective is to create value through a systematic, entrepreneurial approach to exploration. The Company’s core Keno Silver project is located in the historic Keno Hill silver district of Canada’s Yukon Territory, with over 300 million ounces of high-grade silver in past production and current resources, and excellent existing infrastructure, including grid power, highway & road access. Metallic Minerals is led by a team with a track record of discovery and exploration success, including large scale development, permitting and project financing.

About the Metallic Group of Companies

The Metallic Group is a collaboration of leading precious and base metals exploration companies, with a portfolio of large, brownfields assets in established mining districts adjacent to some of the industry’s highest-grade producers of platinum & palladium, silver and copper. Member companies include Group Ten Metals (PGE.V) in the Stillwater PGM-Ni-Cu district of Montana, Metallic Minerals (MMG.V) in the Yukon’s Keno Hill silver district, and Granite Creek Copper (GCX.V) in the Yukon’s Carmacks copper district. The founders and team members of the Metallic Group include highly successful explorationists formerly with some of the industry’s leading explorer/developers and major producers and are undertaking a systematic approach to exploration using new models and technologies to facilitate discoveries in these proven historic mining districts. The Metallic Group is headquartered in Vancouver, BC, Canada and its member companies are listed on the Toronto Venture, US OTC, and Frankfurt stock exchanges.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Website: www.metallic-minerals.com

Email: chris.ackerman@metallic-minerals.com
Phone: 604-629-7800
Toll Free: 1-888-570-4420

Neither the TSX Venture Exchange nor its 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.

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Junior Mining

GROUP TEN METALS to Attend PDAC 2019 Convention, Grants Stock Options

VANCOUVER, British Columbia, Feb. 28, 2019 (GLOBE NEWSWIRE) — Group Ten Metals Inc. (TSX.V: PGE; US OTC: PGEZF; FSE: 5D32) (the “Company” or “Group Ten”) announces that company representatives will be attending the Prospectors & Developers Association of Canada (PDAC) International Convention to be held at the Metro Toronto Convention Centre in Toronto, Canada from Sunday March 3rd to Wednesday March 6th. Group Ten will be exhibiting in the Investors Exchange throughout the conference at booth #3018 as a member of the Metallic Group of Companies. The PDAC Convention is the most-attended event for the world’s mineral exploration and mining sector and promotes a globally responsible and sustainable minerals industry.

Group Ten also announces that it has granted 545,000 incentive stock options (the “Options”) to directors, officers, employees and consultants of the Company. The Options are exercisable for up to five years, expiring on February 28, 2024, and each Option will allow the holder to purchase one common share of the Company at a price of $0.20 per share, based on the closing price of the previous trading day. The Options are subject to certain vesting requirements in accordance with the Company’s Long-Term Performance Incentive Plan.

About Group Ten Metals Inc.

Group Ten Metals Inc. is a TSX-V-listed Canadian mineral exploration company focused on the development of high-quality platinum, palladium, nickel, copper, cobalt and gold exploration assets in top North American mining jurisdictions. The Company’s core asset is the Stillwater West PGE-Ni-Cu project adjacent to Sibanye-Stillwater’s high-grade PGE mines in Montana, USA. Group Ten also holds the high-grade Black Lake-Drayton Gold project in the Rainy River district of northwest Ontario and the highly prospective Kluane PGE-Ni-Cu project on trend with Nickel Creek Platinum’s Wellgreen deposit in Canada‘s Yukon Territory.

About the Metallic Group of Companies

The Metallic Group is a collaboration of leading precious and base metals exploration companies, with a portfolio of large, brownfields assets in established mining districts adjacent to some of the industry’s highest-grade producers of platinum & palladium, silver and copper. Member companies include Group Ten Metals (PGE.V) in the Stillwater PGM-Ni-Cu district of Montana, Metallic Minerals (MMG.V) in the Yukon’s Keno Hill silver district, and Granite Creek Copper (GCX.V) in the Yukon’s Carmacks copper district. The founders and team members of the Metallic Group include highly successful explorationists formerly with some of the industry’s leading explorer/developers and major producers and are undertaking a systematic approach to exploration using new models and technologies to facilitate discoveries in these proven historic mining districts. The Metallic Group is headquartered in Vancouver, BC, Canada and its member companies are listed on the Toronto Venture, US OTC, and Frankfurt stock exchanges.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Michael Rowley, President, CEO & Director
Email: info@grouptenmetals.com
Web: http://grouptenmetals.com
Phone: (604) 357 4790
Toll Free: (888) 432 0075

Neither the TSX Venture Exchange nor its 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.

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Junior Mining

PACTON GOLD to Exhibit at Pre-PDAC Mining Showcase, Metals Investor Forum and PDAC 2019

ANCOUVER , Feb. 28, 2019 /CNW/ – Pacton Gold Inc. (TSXV: PAC, OTC: PACXF) (the “Company” or “Pacton“) is pleased to announce its participation in the following events in March: Redcloud Pre-PDAC Mining Showcase, Metals Investor Forum and PDAC 2019 convention in Toronto, Canada .

Pacton Gold Inc. (CNW Group/Pacton Gold Inc.)
Pacton Gold Inc. (CNW Group/Pacton Gold Inc.)

Redcloud Pre-PDAC Mining Showcase Event Details

  • Date and Time: Friday, March 1, 2019 ( 8.00 am – 5.00 pm )
  • Location: Omni King Edward Hotel, 37 King Street East, Toronto

Metals Investor Forum Event Details

  • Date and Time: Saturday, March 2 (9. 00 am to 6:00 pm ) and Sunday, March 3, 2019 ( 9.00 am – 4.00 pm )
  • Location: 3rd floor, Delta Hotel, 75 Lower Simcoe Street, Toronto
  • Pacton Presentation: Dale Ginn , Chairman and Director will present on Sunday, March 3 at 10:40 am

PDAC Event and Booth Details

  • Event: PDAC 2019
  • Date: March 3 – 6, 2019
  • Location: Investors Exchange, Metro Toronto Convention Centre, Toronto, Canada
  • Booth Number: 3142
  • Booth Hours
    Sunday, March 3 , 10:00 am – 5:00 pm
    Monday, March 4 , 10:00 am – 5:00 pm
    Tuesday, March 5 , 10:00 am – 5:00 pm
    Wednesday, March 6 , 9:00 am – 12:00 pm
  • Company Websitewww.pactongold.com

About Pacton Gold

Pacton Gold is a Canadian exploration company with key strategic partners focused on the exploration and development of high grade conglomerate and orogenic gold properties located in the district-scale Pilbara gold rush in Western Australia and the Red Lake District, Ontario.  Pacton’s Red Lake mineral claims are strategically located between Pure Gold’s Madsen property, including the Wedge Zone, and Great Bear Resource’s Dixie discovery. The property geology is made up of two key packages known to host significant gold mineralization in the district. The Confederation

Assemblage and the Balmer Assemblage hosts the high-grade gold mineralization at Great Bear Resources’ Dixie Project and Pure Gold’s Madsen property, respectively. A high-resolution helicopter magnetics survey is underway to identify D2 structures and folding that are proposed to have significant control on gold mineralization in the district.

On Behalf of the Board of Pacton Gold Inc.

R. Dale Ginn
Executive Chairman

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.

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Junior Mining

SOJOURN EXPLORATION Inc. to Change Company Name to ArcWest Exploration Inc.

Vancouver, British Columbia–(Newsfile Corp. – February 28, 2019) – Sojourn Exploration Inc. (TSXV: SOJ) (OTC Pink: SJRNF) (“Sojourn” or the “Company“) announces that it will change its name to ArcWest Exploration Inc. (“ArcWest“) effective February 28, 2019.

The Company will trade on the TSX Venture Exchange under the new stock symbol “AWX” and under the new CUSIP/ISIN numbers 03969H105/CA0369H1055.

For further information please contact Tyler Ruks, President and CEO AT 1 (604) 638-3695.

Neither the TSX Venture Exchange nor its 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43091

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Junior Mining

MINERA ALAMOS Will Be Attending PDAC 2019 (Booth 2423A) and the Red Cloud Pre-PDAC Mining Showcase to Discuss Its Development Plans to Investors

Toronto, Ontario and Vancouver, British Columbia–(Newsfile Corp. – February 27, 2019) – Minera Alamos Inc. (TSXV: MAI) (“Minera” or the “Company”) cordially invites you to visit with Company representatives on Sunday, March 3rdand Monday, March 4th at Booth #2423A within the Investors Exchange at the 2019 Prospectors & Developers Association of Canada (PDAC) Convention to be held at the Metro Toronto Convention Centre.

The Red Cloud 2019 Pre-PDAC Mining Showcase will be held on Friday, March 1 at the Omni King Edward Hotel. Minera will have a company display and will also be meeting with the investment community throughout the day.

Minera looks forward to updating shareholders and conference attendees on its exploration and development plans for 2019, following the notice of approval of permits at the La Fortuna gold project, Durango, Mexico and pending permits at the Santana gold project, Sonora, Mexico.

For more information and/or to register for the conference please visit:

https://www.pdac.ca/convention

For Further Information Please Contact:

Minera Alamos Inc.
Doug Ramshaw, President
Tel: 604-600-4423
Email: dramshaw@mineraalamos.com
Website: www.mineraalamos.com

About Minera Alamos Inc.

Minera Alamos is an advanced-stage exploration and development company with a growing portfolio of high-quality Mexican assets, including the La Fortuna open-pit gold project in Durango with positive PEA completed, the Santana open-pit heap-leach development project in Sonora with test mining and processing completed and the Guadalupe de Los Reyes open-pit gold-silver project in Sinaloa with mine planning in progress.

The Company’s strategy is to develop low capex assets while expanding the project resources and pursue complementary strategic acquisitions.

NEITHER TSX VENTURE EXCHANGE NOR ITS 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.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43087

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Junior Mining

BOB MORIARTY Rover Seeks Gold in Iron Formation

Bob Moriarty
Archives

Feb 26, 2019
A young and newly listed junior with a very interesting gold project nearYellowknife contacted me recently. It’s an interesting company with a historic resource of 85,000 ounces of gold at a grade of 12 g/t, almost $1 million in the bank and a total market cap of under $3 million. They are hard at work doing the groundwork necessary before beginning a drill program.
The company is named Rover Metals (ROVR-V) and they just added their US symbol. The gold is associated with an Archean age iron formation. As Quinton Hennigh has written about in a number of papers, the vast majority of gold on earth comes from Archean age deposits. Gold and iron get along well and you often find them together or nearby. We know that the iron precipitated out of salt water and if that is so, why would gold be any different?
It’s in a target rich environment at Cabin Lake just 110 km northwest of the7 million ounce Giant Gold Mine in Yellowknife and near an all season road scheduled for completion in 2020.
Rover is one of those microcap stocks that will benefit the most from an ongoing bull market in resources. They have money in the bank, a high grade resource of sorts and a tiny market cap. The projects have some exploration results going back over 70 years but could benefit from modern exploration techniques. The price of shares can go up but it’s pretty hard to see how it can go down. Obviously they need to get drilling and start releasing results but in time that will come.
Rover is an advertiser, I have bought shares in the open market and I am biased. For more information on the company you can view their fact sheetand investor presentation.
Rover Metals Corp.
ROVR-V $.06 (Feb 25, 2019)
ROVMF-OTCBB 47.4 million shares
Rover Metals Website
###
Bob Moriarty
President: 321gold
Archives

321gold Ltd

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Base Metals Energy Junior Mining Project Generators

RIVERSIDE RESOURCES INC. Increases Private Placement Due to Investor Demand

GlobeNewswire

THIS NEWS RELEASE IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

VANCOUVER, British Columbia, Feb. 27, 2019 (GLOBE NEWSWIRE) — Riverside Resources Inc. (the “Company” or “Riverside”) (RRI.V) is pleased to announce that the Company has received exceptionally strong investor interest and intends to increase its previously announced non-brokered private placement (see press release February 13, 2019) by an additional $800,000. Riverside now plans to raise up to $2,300,000 in gross proceeds from the issuance of 14,375,000 units at a purchase price of $0.16, up from the original $1,500,000 target.

Each unit consists of one common share and one whole common share purchase warrant (“Unit”). Each common share purchase warrant is exercisable into one common share for a period of two (2) years from closing at a price of $0.22 (“Warrant”). If, at any time after four months following the closing of the private placement, the closing price of the common shares on the TSX Venture Exchange (“TSX-V”) trades at a VWAP equal or greater than $0.45 for 10 consecutive trading days, the Company may accelerate the expiry date of the Warrants by disseminating a press release announcing the new expiry date whereupon the Warrants will expire on the 30th trading day after the date on which such press release is disseminated.

The Company will use the proceeds of the financing to fund a focused drill program at the Cecilia Gold Project, additional project acquisitions and further target refinement on existing projects to advance towards new partnerships. The Company may pay finders fees in cash or Units to qualified finders of up to 8.0% of the aggregate gross proceeds realized from subscribers identified by the finder. The closing of the private placement is subject to TSX-V approval.

The securities being offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons without United States federal and state registration or an applicable exemption from registration requirements.

About Riverside Resources Inc.:
Riverside is an exploration company driven by value generation and discovery. The Company has 45M shares issued and a strong portfolio of gold-silver and copper assets in North America. Riverside has extensive experience and knowledge operating in Mexico and leverages its large database to generate a portfolio of prospective mineral properties. In addition to Riverside’s own exploration spending, the Company also strives to diversify risk by securing joint-venture and spin-out partnerships to advance multiple assets simultaneously and create more chances for discovery. Riverside has additional properties available for option, with more information available on the Company’s website at www.rivres.com.

ON BEHALF OF RIVERSIDE RESOURCES INC.

“John-Mark Staude”

Dr. John-Mark Staude, President & CEO

For additional information contact:

John-Mark Staude
President, CEO
Riverside Resources Inc.
info@rivres.com
Phone:  (778) 327-6671
Fax:  (778) 327-6675
Web:  www.rivres.com
Raffi Elmajian
Corporate Communications
Riverside Resources Inc.
relmajian@rivres.com
Phone: (778) 327-6671 ext. 312
TF: (877) RIV-RES1 ext. 312
Web: www.rivres.com

Certain statements in this press release may be considered forward-looking information. These statements can be identified by the use of forward looking terminology (e.g., “expect”, “estimates”, “intends”, “anticipates”, “believes”, “plans”). Such information involves known and unknown risks — including the availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Riverside in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

Neither the TSX Venture Exchange nor its 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.

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Junior Mining

MINERA ALAMOS Announces Private Placement

Toronto, Ontario–(Newsfile Corp. – February 26, 2019) – Minera Alamos Inc. (TSXV: MAI) (OTC Pink: MAIFF) (the “Company” or “Minera Alamos“) is pleased to announce that it is undertaking a non-brokered private placement offering for aggregate proceeds of up to C$5 million (the “Offering“).

Pursuant to the Offering, the Company may issue an aggregate of up to 50,000,000 common shares (the “Shares“) at a price of CDN$0.10 per Share (the “Offering Price“). There are no warrants being issued as part of this offering. All shares issued under the Offering will be subject to a four month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.

The closing of the Offering is expected to occur on or about March 1, 2019 and remains subject to receipt of all necessary regulatory approvals including acceptance for filing by the TSX Venture Exchange. A finder’s fee may be paid by the Company in the form of a 6% cash fee and the issuance of finder’s warrants (the “Finder’s Warrants“) in an amount equal to 6% of the Shares placed with subscribers introduced by any finder under the Offering. The Finder’s Warrants will each be exercisable for one Share at the Offering Price for a period of two years following the closing of the Offering.

About Minera Alamos

Minera Alamos is an advanced-stage exploration and development company with a growing portfolio of high-quality Mexican assets, including the La Fortuna open-pit gold project in Durango with positive PEA completed, the Santana open-pit heapleach development project in Sonora with test mining and processing completed and the Guadalupe de Los Reyes open-pit gold-silver project in Sinaloa with mine planning in progress. The Company is awaiting the pending approval of permit applications related to the commercial production of gold at both the Santana and Fortuna projects.

The Company’s strategy is to develop low capex assets while expanding the project resources and pursue complementary strategic acquisitions.

Mr. Darren Koningen, P. Eng., Minera Alamos’ CEO, is the Qualified Person responsible for the technical content of this press release under National Instrument 43-101. Mr. Koningen has supervised the preparation of, and approved the scientific and technical disclosures in this news release.

CONTACT INFORMATION:

Minera Alamos Inc
Doug Ramshaw, President
604-600-4423
dramshaw@mineraalamos.com

www.mineraalamos.com

Caution Regarding Forward-Looking Statements 

This news release may contain forward-looking information and Minera Alamos cautions readers that forward-looking information is based on certain assumptions and risk factors that could cause actual results to differ materially from the expectations of Minera Alamos included in this news release. This news release includes certain “forward-looking statements”, which often, but not always, can be identified by the use of words such as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. These statements are based on information currently available to Minera Alamos and Minera Alamos provides no assurance that actual results will meet management’s expectations. Forward-looking statements include estimates and statements with respect to Minera Alamos’ future plans, objectives or goals, to the effect that Minera Alamos or management expects a stated condition or result to occur and the expected timing. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Such statements reflect the Company’s current views with respect to future events based on certain material factors and assumptions and are subject to certain risks and uncertainties, including without limitation, changes in market, competition, governmental or regulatory developments, general economic conditions and other factors set out in the Company’s public disclosure documents. Many factors could cause the Company’s actual results, performance or achievements to vary from those described in this news release, including without limitation those listed above. This list is not exhaustive of the factors that may affect any of Minera Alamos’ forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on Minera Alamos’ forward-looking statements. Minera Alamos does not undertake to update any forward-looking statement that may be made from time to time by Minera Alamos or on its behalf, except in accordance with applicable securities laws.

NEITHER TSX VENTURE EXCHANGE NOR ITS 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.

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S.A. NEWSWIRES

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43057

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Junior Mining

PACTON GOLD Adds Key Land Position In Red Lake, Ontario

VANCOUVER , Feb. 26, 2019 /CNW/ – Pacton Gold Inc. (TSXV: PAC, OTC: PACXF) (the “Company” or “Pacton“) is pleased to announce that it has entered into an acquisition agreement with Frontline Gold Corporation (FGC.V) to acquire additional mineral claims in the Red Lake District, Ontario (the “Property“). These additional mineral claims are located contiguous and to the north of Pacton’s current landholdings and extend to within 3 km of  Goldcorp’s newest #3 production shaft. The Property includes limited historical diamond drilling, including an intersection of 24 g/t Au over 1.0 m completed by SkyHarbour Resources in 2003. With this strategic acquisition, Pacton’s expanded land position overlaps with the prolific Balmer Assemblage, known to host significant high-grade mineralization at Pure Gold’s Madsen mine and GoldCorp’s Red Lake and Campbell mines, historically producing over 20M oz. of gold combined. The Property geology contains the contact between Confederation and Balmer Assemblage rock units as well as folded mafic and ultramafic volcanics with mafic and felsic intrusives also present.

Pacton’s Red Lake mineral claims are strategically located between Pure Gold’s Madsen property, including the Wedge Zone, and Great Bear Resource’s Dixie discovery. The property geology is made up of two key packages known to host significant gold mineralization in the district. The Confederation Assemblage and the Balmer Assemblage host the high-grade gold mineralization at Great Bear Resources’ Dixie Project and Pure Gold’s Madsen property, respectively. A high-resolution helicopter magnetics survey is underway to identify D2 structures and folding that are proposed to have significant control on gold mineralization in the district.

Pacton Gold is currently compiling historical data and formulating plans for exploration work in 2019 to advance the project.

Figure 1. Location map of mineral claims acquired by Pacton Gold (red outline). (CNW Group/Pacton Gold Inc.)
Figure 1. Location map of mineral claims acquired by Pacton Gold (red outline). (CNW Group/Pacton Gold Inc.)

The Company can earn a 100% interest in the Property by:

  • completing a heli-mag survey on the Property; and
  • issuing an aggregate of 350,000 common shares and paying a total of $100,000 over a period of two years.

The Property is subject to net smelter return royalties of 2.25%. The Company has the option to purchase a portion of the royalties for $250,000 for each 0.25%.

The transaction is subject to the acceptance of the TSX Venture Exchange.

About Pacton Gold

Pacton Gold is a Canadian exploration company with key strategic partners focused on the exploration and development of high grade conglomerate and orogenic gold properties located in the district-scale Pilbara gold rush in Western Australia and the Red Lake District, Ontario .

The technical content of this news release has been reviewed and approved by Peter Caldbick , P.Geo., a director of the Company and a Qualified Person pursuant to National Instrument 43-101.

On Behalf of the Board of Pacton Gold Inc.

R. Dale Ginn
Executive Chairman

This news release may contain or refer to forward-looking information based on current expectations, including, but not limited to the Company achieving success in exploring its properties and the impact on the Company of these events, including the effect on its share price. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. 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.

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SOURCE Pacton Gold Inc.

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