Pacgold Reports Positive Progress at Alice River
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| Pacgold | ASX : PGO |
| Stage | Exploration |
| Metals | Gold |
| Market cap | A$10.4m @A$ 8c |
| Location | Queensland, Australia |
| Website | www.pacgold.com.au |
Pacgold – Aircore Drilling Completed at Alice River Gold Project 14km of mineralised strike now tested, assays pending
HIGHLIGHTS
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- Aircore program of 749 holes for 7,185 metres now completed with all samples dispatched to ALS in Townsville
- 14km of strike drilled,assays will generate a complete geochemical map and greatly assist with RC and diamond drillhole targeting for the coming season
- Aircore and RC assay results are expected to commence reporting mid–December through to end of January 2025
- RC drilling campaign progressing extremely well with in excess of 2,800m completed and looking to finalise drilling by second week in December. The RC drill rig will remain onsite over the wet season to recommence in late Q1 2025.
Pacgold’s Managing Director, Matthew Boyes, commented:
“The Wallis drill crew performed excellently throughout this drill program and have completed the Aircore programme safely and on time with all the samples now submitted..“This program is crucial to the development of drill targets over the extent of this vast IP anomaly and the Alice River fault structure. I am very keen to see the first batches of assays come in after the encouraging visuals that were logged during the drilling campaign..“The RC campaign has also progressed very well and exceeded our planned production rates. The Centurion team, while abiding by our strict company heritage and ecological policies, have provided a quality product and produced an excellent sample quality..“The RC rig will not be mobilised backto Cairns for the summer period and will be available to start a significantly larger programme in late Q1 2025.”
To read the full news release, please click HERE
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The Spot gold price can be found HERE
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Disclosure
At the time of writing the author holds shares in Pacgold
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