Pacgold Kicks Off 10,000m Drill Program at Alice River Gold Project, QLD
Pacgold (ASX: PGO) has launched a major 10,000m RC drilling campaign at its 100%-owned Alice River Gold Project, located in North Queensland’s mineral-rich corridor.
✅ First 19 holes deliver standout shallow high-grade gold
✅ Key intercepts include:
48m @ 2.1 g/t Au (incl. 2m @ 29 g/t Au)
50m @ 1.0 g/t Au from surface
✅ Infill drilling supports upgraded May 2025 MRE
✅ New targets now being tested across Shadows, Posie & Victoria
✅ Diamond & aircore rigs mobilising early Q3
✅ IP geophysics underway to define deeper regional potential
Managing Director Matthew Boyes:
“Our first results confirm the bulk tonnage and high-grade potential of the Alice River system. We’re fully funded through December and now aggressively expanding drilling across new high-priority regional targets.”
PGO enters a high-impact exploration window. With assays flowing and gold prices near record highs, investor interest is building fast:
📈 12.31% share price jump to $0.073 on results
⛏️ 44 holes drilled so far, 70+ planned in total
🌍 Leveraged to surging gold market (USD $3,441.41/oz)
💰 Recent $5.6M raise secures funding for full 2025 campaign
📍 Tier-1 jurisdiction with shallow, high-grade potential
👉 Read full ASX update: https://colitco.com/pacgold-alice-river-gold-drilling-results/
Also Visit https://crafmin.com/pacgold-hits-high-grade-gold-alice-river-exploration/
Disclaimer: This is not an investment advise, please do your own research for any investment decisions.