Pacton Gold Inc (TSE:PAC) was recently profiled in a report titled ‘Chasing nuggets in Australia next to Novo Resources’.
The paper, completed by Caesars Report, highlighted that the company could benefit from its proximity to Novo Resources, as it continues to develop its projects in Western Australia’s mineral-rich Pilbara region.
The report covered a range of topics, including Pacton’s exploration and growth via acquisitions, feasibility, financing, team structure, future plans and more.
As quoted in the publication:
“Pacton Gold has been able to put a large land position together in just a few months. Of course, Pacton is and should be seen as an early stage exploration company but with proven gold (nugget) occurrences on several of the tenements it purchased/is earning in to. It is clear that there’s a lot of smoke in the Pilbara region and now it’s up to Pacton Gold to find the source of that smoke.
We think having Novo Resources as first mover could be beneficial to Pacton Gold, as Novo will do all the heavy lifting in terms of A) educating the market and B) designing the exploration programs as efficient as possible.”
Pacton shares were up 18.81% and closed at C$0.91 on Monday.
To read the report in its entirety, click here.