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Canada's Pacton moves into Pilbara in modest looking deal

CANADIAN-listed Pacton Gold has popped up in the conglomerate gold Pilbara region of Western Australia in a joint venture with ASX-company Arrow Minerals, with Pacton able to earn an 80% stake for cash, shares and expenditure totalling a rather modest looking C$1.5 million.

Michael Quinn
Pacton is farming into ground south of De Grey's Pilbara tenure.

Pacton is farming into ground south of De Grey's Pilbara tenure.

For that outlay, the Australian-led Pacton gets two exploration licences and two applications covering 609sq.km south of De Grey Mining's Indee project. Nuggets have reportedly been found on the ground....

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