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PC Gold Ltd (ASX:PC2)

ALERT: Price-sensitive ASX Announcement for PC2
Current share price for PC2 : $1.100 -0.15 (-12%)+
Announcement
Release
21 May 2026 8:19AM
Price at Release
$1.250
Full Release
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Summary
PC Gold Ltd (ASX: PC2) announced significant high-grade results from drilling at the Spring Hill Gold Project, highlighting the project's potential for resource growth. The drilling targeted the Link Zone and surrounding Macau and Hong Kong zones, leading to the discovery of visible gold in several drill holes. Notable results included intersections with high gold concentrations, supporting the continuity and potential expansion of the resource. The project, located in the Northern Territory, is transforming from a conventional open pit resource into a more extensive mineralised system with potential for underground development. PC Gold is advancing with a dual-stream strategy focused on infill drilling to upgrade resource confidence and aggressive exploration to expand the resource base.
Key Points
  • PC Gold reports high-grade drilling results at Spring Hill.
  • Drilling confirms potential for resource growth in Link Zone.
  • New mineralised footwall lode identified.
  • Visible gold intersected in multiple drill holes.
  • Ongoing exploration targets expansion and development.
  • Dual-stream strategy: infill drilling and resource expansion.
  • Pending assays expected to further confirm results.
  • Photon assay optimization with Chrysos Corporation underway.
  • Spring Hill evolving into a broader mineralised system.
  • Potential for underground development emphasized.
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.