Pacton Gold Inc. (TSXV: PAC, OTC: OACXF) (the “Company” or “Pacton”) is pleased to announce it has secured Depository Trust Company (DTC) eligibility for its common shares trading on the OTC Pinks market. Securities that are eligible to be electronically cleared and settled through the DTC are considered “DTC eligible”. This electronic method of clearing securities speeds up the receipt of stock and cash and thus accelerates the settlement process for investors.
Back in November Pacton Gold (V.PAC) announced the appointment of Australian mining executive Alec Pismiris as its interim President. At the time Dominic Verdejo, Chairman of Pacton’s Board said, “I would like to welcome Mr. Pismiris as Pacton’s new interim Chief Executive Officer. Mr. Pismiris’ extensive experience in the mining sector and capital markets, including new key accretive project acquisitions, makes him the ideal candidate to lead Pacton forward into 2018.”
Pacton Gold Inc. (TSXV: PAC) (the “Company” or “Pacton”) is pleased to announce that it has entered into a letter of intent (“LOI”) whereby the Company can acquire 100% of the issued and outstanding shares of CTTR Gold Pty Ltd (“CTTR”), an Australian proprietary limited exploration company. CTTR is a newly formed company, incorporated at the end of October 2017 that holds applications to nine tenenment licenses for a strategic mineral property group (the “Property”) in the Pilbara Region of Western Australia. The 492 km2 Property is an advanced gold project portfolio which consists of conglomerate gold targets within the Witwatersrand Basin age-equivalent Mallina Basin.
Reality bit hard for Novo shareholders in the form of a blunt press release on Friday, November 24 outlining the frustrations of the Purdy’s Reward tenement, a key tenement within the farm-in and joint venture Novo has with ASX-listed Artemis Resources Limited, in Western Australia. The gist of the release is that it is proving difficult to get useful samples from the property. Which, in turn, pushes any sort of resource estimate off into the New Year.
“I going to share something with my readers that no one has ever mentioned that you really want to think about. Pretend for a moment that the lava never covered the sand and gravel and turned it into hard rock. Instead of this being a 5-20 meter thick hard rock conglomerate, it’s a simple 5-20 meter thick sand and gravel bed with gold nuggets in it.