Pilbara prospector Pacton Gold (TSX-V:PAC) continues to turn up the heat on the Pilbara conglomerate gold story, with the discovery of first gold nuggets at its recently acquired Golden Palms property.
Golden Palms, which is located in the Egina region of the Pilbara – a nugget rich landmass located approximately 200km due east of the town of Karratha – is adjacent to other Pacton tenements such as Friendly Creek and its Hong Kong project.
The exploration at Golden Palms was just 2.5 km northwest of another recently announced nugget discovery at Friendly Creek.
The Canadian listed explorer is continuing to focus its actives around the South Egina region and particularly near its cluster of nugget-bearing tenements.
Nuggets at Golden Palms were uncovered within a 300m by 300m patch which is located over underlying bedrock geology believed to bear further conglomerates.
The recovered gold was in a variety of shapes and textures, with many investors already familiar with “watermelon seed” style recoveries brought to attention by fellow Canadian explorer Novo Resources (TSX-V:NVO).
Novo’s prolific discoveries in the Pilbara helped kick-off the renewed regional focus on gold nugget exploration.
Pacton believes the varied nugget shapes may be eluvial remnants freed from an underlying bedrock.
The basalt-based bedrock is believed to be similar to the basalts underlying Friendly Creek, except the geography at Golden Palms is mapped as stratigraphically thinner and more sparsely interbedded.