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Pacgold White Lion Drilling Intersects Gold Mineralisation

Pacgold (ASX: PGO)

Announced the results of the maiden drilling programme designed to test coincident geophysical anomalies and the extent of surface gold mineralisation at the White Lion prospect, along with results from drilling on the Jerry Dodds lode structure.

Both Prospects are located at the Company’s 100% owned Alice River Gold Project. Continue reading

Pacgold Raises Funds to Acquire The White Dam Gold Mine

Pacgold (ASX: PGO)

Has successfully raised A$13 million to complete the acquisition of the White Dam Gold project.

Funds raised from the Placement will be applied towards the acquisition of the White Dam Gold Project, refurbishment and restart of existing plant and infrastructure at White Dam, exploration and drill outs on the existing delineated resources. Continue reading

Pacgold Farm In Agreement to acquire St George Gold-Antimony Project

Pacgold Limited (ASX: PGO)

Announced a farm in agreement on the “St George Antimony” Project , 70km west of Mt Carbine, North Queensland.

The tenement package consists of 7 tenements comprising of 5 granted and 2 tenements in application for a total area of 905km2 within a developing Antimony province in the Hodgkinson Province. Continue reading

Pacgold Publish Alice River Gold Project Maiden MRE

Pacgold  (ASX: PGO)

Announced the maiden JORC compliant Mineral Resource Estimate  at the Company’s 100% owned Alice River Gold Project, 300km northwest of Cairns, North Queensland.

The initial MRE stands at 12.2Mt @ 1.2g/t Au for 474Koz, within a global estimate of 26.7Mt @ 1.01 g/t Au for 854Koz Au. Continue reading

Mining Review 30th March 2025

Mining Review 30th March 2025

The story of the week was the bid for Gold Road Resources by it’s mining partner at the Gruyere Gold Mine, Gold Fields.

Gold Road responded by calling the bid “opportunistic”, and making an alternative bid to buy out Gold Fields from their half of the Gruyere mine.

Catalyst Metals sold a mine and announced some good drill results.

Continue reading

PacGold Find An extensive Geochemical Anomaly at Alice River

Pacgold (ASX: PGO)

Announced first assay results for the regional Aircore drill campaign at the Alice River Gold Project, 300km northwest of Cairns, North Queensland.

Aircore assays have delineated an outstandingly large and coherent gold-arsenic and antimony (Au-As and Sb) anomaly directly within the known geophysical corridor and extending for 1.4km of strike. Continue reading

Pacgold Reports Positive Progress at Alice River

Pacgold (ASX: PGO)
Announced progress for the Aircore and Reverse Circulation  drill campaigns at the Company’s 100% owned Alice River Gold Project, 300km northwest of Cairns, North Queensland.
The Aircore program has been completed,with a total of 749 holes for 7,185m and all samples dispatched for analysis at ALS in Townsville.

Continue reading