The minnow, capitalised at about C$15 million (US$11.5 million) this week, secured 492-square-kilometres of the Pilbara, near ground occupied by the likes of Novo Resources (CN:NVO), De Grey Mining (AU:DEG) and Kairos Minerals (AU:KAI), via its late-February acquisition of CTTR Gold.
Pacton CEO Alec Pismiris said at the time: "It is exciting to be able to secure applications for such a strategic and quality land package in a sought after mineralised region in the Pilbara mining region in Western Australia. In 2017, the Pilbara region generated intense global interest and staking following the newly identified gold potential of the unusual, extensive, and spectacular gold bearing conglomerates announced by Novo Resources.
"We are pleased to be able to assemble a significant portfolio of advanced gold projects with excellent prospectivity that are expected to provide key exploration and discovery upside for the shareholders of Pacton."
