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Pacgold to Demerge Its Queensland Assets

Pacgold (ASX: PGO)

Announced it has entered into a binding strategic agreement to demerge its North Queensland exploration assets, comprising the Alice River Gold Project and St George Gold-Antimony projects, into Manda Resources Ltd.

The transformational demerger is designed to obtain significant funding and realise the inherent value of Pacgold’s North Queensland portfolio. Continue reading

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. Continue reading

Pacgold Reports High-Grade Gold in White Dam Drilling Results

Pacgold (ASX: PGO)

Announced positive high-grade gold results of the drilling programme designed to expand and upgrade the JORC 2012 Mineral Resource Estimate published in 2020 on the Company’s 100% owned White Dam Gold Project, 80km east of Broken Hill in South Australia.

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Pacgold receive Approval to restart Heap Leach irrigation

Pacgold (ASX: PGO)

Announced rapid progress towards recommencing gold production at the recently acquired White Dam Gold Project, located in South Australia, approximately 80km west of Broken Hill.

The Company has now received approval to utilise the recently relined pls pond and can now recommence lixiviation of the existing heap leach ore. Continue reading

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