Pacgold St George Gold Geochem Extends Fence Strike >30km
Pacgold Limited (ASX: PGO)
Announced further results of the systematic geochemical soil programme and rock chip sampling completed on the St George Gold-Antimony Projectin northeast Queensland.
Gridbased soil and rock chip sampling extends the gold and antimony anomalism hosted within the Fence Structural Zone to a strike in excess of 30km.
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| Pacgold | ASX : PGO | |
| Stage | Exploration | |
| Metals | Gold | |
| Market cap | A$41m @A$ 0.10.5 | |
| Location | Queensland, Australia | |
| Website | www.pacgold.com.au/ |
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Pacgold St George Gold and Antimony Geochem Extends Fence Strike >30km
Fence Structure hosts 7 major targets with no modern drilling
Pacgold Limited (ASX: PGO) (‘Pacgold’ or ‘the Company’) is pleased to announce further results of the systematic geochemical soil programme and rock chip sampling completed on the St George Gold-Antimony Project (‘the Project’) in northeast Queensland.
HIGHLIGHTS
CONTINUED DELINEATION OF REGIONAL-SCALE GEOCHEMICAL ANOMALIES – Gridbased soil and rock chip sampling extends the gold and antimony anomalism hosted within the Fence Structural Zone (FSZ) to a strike in excess of 30km.
HIGH-GRADE GOLD AT LIMESTONE PROSPECT – High-grade rock chip samples taken in newly discovered large-scale structure with reported gold values including 18.5g/t Au (SG110108), 5.37g/t Au (SG110109), 4.86g/t Au (SG110110) and 4.96g/t Au (SG110113).
NEW ANOMALIES DELINEATED AT LIMESTONE AND BIG WATSON – Extensive
(Au-Sb-As) anomalies identified at Big Watson and strong gold results over the Limestone prospect, both associated with the regional Fence structure extending over 30km in strike.
UNTESTED STRUCTURES DRILL READY – No modern drilling carried out on six of the seven defined anomalies with multiple prioritised targets to be tested in next drilling
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Pacgold is undertaking exploration on the Project under a Farm-In and Joint Venture Agreement with Hardrock Mineral Exploration Pty Ltd, whereby Pacgold has the right to earn up to 100% interest in the Project.
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Pacgold’s Managing Director, Matthew Boyes, commented:
“The number of fertile structures and extent of the mineralisation on this ground package continues to increase rapidly.
“The discovery of high-grade gold at surface at the Limestone project is particularly exciting with multiple outcropping veins returning high-grade gold numbers over a large area.
“We have now demonstrated that the Fence structure is mineralised over a strike length of approximately 30km from Big Watson in the south up to the Limestone prospect in the north, this coupled with multiple newly delineated soil anomalies gives the company a strong pipeline of targets to follow up once the exploration season kicks off this year.”
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To read the full news release, please click HERE
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Disclosure
At the time of writing the author holds shares in Pacgold
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