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Pacific Resources Limited (ASX:PXR)

ALERT: Price-sensitive ASX Announcement for PXR
Current share price for PXR : $0.001 0 (0%)+
Announcement
Release
9 Jun 2026 8:35AM
Price at Release
$0.001
Full Release
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Summary
Pacific Resources Limited has reported high-grade gold assay results from its Sulphide Creek Project's Coupon Prospect in Tasmania, Australia. The results emerged from a channel sampling program conducted on a recently discovered Adit. The program involved 12 continuous one-metre channel samples that demonstrated significant gold mineralization, with peak assay results of 2.41 g/t Au and 2.30 g/t Au. These findings validate the company's structural and alteration models, highlighting the prospect's potential for further exploration. The positive correlation between gold, arsenic, and antimony confirms them as key pathfinder elements within this system. Pacific Resources plans to integrate these results with existing data to optimize drilling targets and refine exploration strategies.
Key Points
  • High-grade gold assay results from Sulphide Creek Project in Tasmania.
  • Channel sampling program involved 12 continuous one-metre samples.
  • Peak gold assay results were 2.41 g/t Au and 2.30 g/t Au.
  • Strong validation of structural and alteration models at Coupon Prospect.
  • Gold shows positive correlation with arsenic and antimony.
  • Plans to integrate results with existing data to optimize drilling targets.
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.