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Pacgold Limited (ASX:PGO)

ALERT: Price-sensitive ASX Announcement for PGO
Current share price for PGO : $0.155 0.086 (124.64%)+
Announcement
Release
10 Sep 2025 8:27AM
Price at Release
$0.069
Full Release
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Summary
Pacgold Limited has announced the commencement of a maiden drilling program at the White Lion Prospect located within their Alice River Gold Project in North Queensland. The program involves a 1,460-meter Reverse Circulation (RC) drilling effort targeting geophysical anomalies identified through Integrated Pole-Dipole (IP) survey data. This drilling aims to explore compelling IP chargeability and resistivity anomalies that align with a magnetic feature, signifying a potential discovery. The project area, which is 100% owned by Pacgold, has seen no previous drilling despite its proximity to the Alice River Fault Zone. The company's Managing Director, Matthew Boyes, expressed optimism about the potential outcomes of this program, underlining its significance as a high-priority target.
Key Points
  • Pacgold Limited commences maiden drilling at White Lion Prospect.
  • 1,460m RC drilling program to explore geophysical anomalies.
  • Targets include IP chargeability and resistivity anomalies coincident with a magnetic feature.
  • White Lion Prospect located within Alice River Gold Project, Queensland.
  • Project area is 100% owned by Pacgold, no previous drilling in the area.
  • Proximity to Alice River Fault Zone increases potential for discovery.
  • Managing Director Matthew Boyes highlights significance of the drilling program.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.