InvestSMART

Pilbara Gold Limited (ASX:PGL)

ALERT: Price-sensitive ASX Announcement for PGL
Current share price for PGL : $0.485 -0.065 (-11.82%)+
Announcement
Release
9 Jun 2026 8:26AM
Price at Release
$0.550
Full Release
download
Summary
Pilbara Gold Limited is significantly ramping up its growth drilling efforts at the Mt York Gold Project in Western Australia, with over 5,680 meters of diamond drilling completed as part of the largest drilling program in the company's history, set to surpass 50,000 meters. This program aims to test extensions of the gold system to increase resources currently at 2.1Moz. Three diamond drill rigs are operational, with two additional reverse circulation (RC) rigs expected. The project includes a regional airborne electro-magnetic survey to identify new potential gold systems. Initial drilling results are anticipated by July, with strong indications of veining and alteration in certain drill holes at the Gilt Dragon prospect.
Key Points
  • 5,680m of diamond drilling completed at Mt York.
  • Three diamond rigs currently drilling with two additional RC rigs expected.
  • Largest drilling program in company's history with over 50,000m planned.
  • Four drill holes intercepted veining and alteration at Gilt Dragon.
  • Regional airborne electro-magnetic survey planned.
  • Drilling targeting extension of the deposit deeper than previous 2025 drilling.
  • Geophysical survey targeting new sulphide-bearing gold systems.
  • Drilling results expected in July.
  • Technical team planning for airborne electro-magnetic survey to target gold deposits.
  • Resource currently stands at 2.1Moz of gold.
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.