Pacgold (ASX: PGO)
Announced the initial results of the systematic geochemical soil programme completed on the “St George Gold-Antimony” Project in northeast Queensland.
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| Pacgold | ASX : PGO | |
| Stage | Exploration | |
| Metals | Gold | |
| Market cap | A$26.8m @A$ 6.3c | |
| Location | Queensland, Australia | |
| Website | www.pacgold.com.au/ |
Pacgold’s St George Soil Geochemistry Defines 14km Gold and Antimony Anomaly
Anomaly open along strike and coexistent with major mineralised structures hosting Fence and Ridgeline Prospects
Pacgold Limited (ASX: PGO) (‘Pacgold’ or ‘the Company’) is pleased to announce the initial results of the systematic geochemical soil programme completed on the “St George Gold-Antimony” Project (‘the Project’) in northeast Queensland.
HIGHLIGHTS
DEFINITION OF SIGNIFICANT-SCALE SOIL ANOMALIES – Regional grid-based soil sampling confirms significant gold and antimony anomalies coexistent with structurally-controlled Au and Sb-bearing veins over 7km of strike on each of two priority structures; both anomalies are open along strike
STRONGEST ANOMALIES DIRECTLY LOCATED ON FENCE AND RIDGELINE PROSPECTS – Highest intensity Au and Sb anomalies up to 1.5km in length centred on both the Fence and Ridgeline Prospects
INFILL SOIL ASSAY RESULTS AWAITED – Results received are 400 metres by 50 metres sample centres; assay results for infill samples collected at 200m expected in December, enabling planning of drilling for Q2 2026
MAJOR ANOMALIES REMAIN UNTESTED – No modern drilling carried out into either anomaly, multiple targets to now be refined and tested in next drill campaign.
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Pacgold’s Managing Director, Matthew Boyes, commented:
“Exploration has accelerated quickly at St George Gold-Antimony Project with a focussed team completing an extensive first pass soil geochemical programme in conjunction with mapping and rock chip sampling of outcropping mineralisation over the past 6 weeks.
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“Initial rock chip sample assays have produced some outstanding gold and antimony values from structures at surface with considerable mapped strike extents with both Ridgeline and Fence prospects sampled over 3km and 2km in strike length respectively.
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“Its crucial to point out that these outstanding soil anomalies were acquired over tenements located 5km to the south of the St George historical mine location demonstrating the extent and consistency of mineralisation within the tenement package.
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“This tenement package has some of the most well-developed antimony-rich veins across the entire Hodgkinson Province.
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“With this newly acquired geochemical data PACGOLD’s team can now focus in on target development and selection of drill sites for the coming campaign, this will be an extensive programme to give the team the best chance of making multiple significant discoveries in what is fast becoming the premier Au-Sb province in Australia.”
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Disclosure
At the time of writing the author holds shares in Pacgold
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