🚨 Pacgold (ASX:PGO) Identifies High-Priority Drill Target at White Lion Prospect 🦁📡💥
Pacgold Ltd has reported a major exploration development at its 100%-owned White Lion Prospect, part of the Alice River Gold Project in North Queensland. Results from an extended Induced Polarisation (IP) survey have confirmed a very strong chargeability anomaly directly aligned with a previously identified bullseye magnetic anomaly. 🎯🧲
📍 Key Highlights:
🔸 A large-scale IP chargeability anomaly matching the magnetic “bullseye” signature—closely resembling the 5Moz Mt Leyshon gold deposit 🏔️💰 🔸 Multiple large geophysical targets identified across a 1.5km x 1.0km corridor, including resistivity anomalies linked to the Alice River Fault Zone (ARFZ) ⚡🪨 🔸 The anomaly sits just 500m from ARFZ and an outcropping quartz breccia with known gold at surface ✨🧱 🔸 No prior drilling in the anomaly’s core, presenting a greenfield high-impact target 🚀📍
The geophysical data shows magnetic destruction likely due to alteration, strengthening comparisons to Mt Leyshon’s breccia-style mineralisation model 🔬🌋
🗣️ Managing Director Matthew Boyes stated:
"This is an excellent result… the White Lion prospect now represents a priority drill target for Pacgold over the coming months." 👷♂️🎯
📅 Heritage clearance and permitting are currently underway, with drill testing planned for Q4 2025. Additional Pole-Dipole IP lines are scheduled for July to refine target depth and geometry 🛠️📏
This update places White Lion as a standout near-term gold exploration target in Queensland’s intrusion-related gold system, which hosts projects like Kidston, Pajingo and Ravenswood 🌏⚒️💎
📈 Investors and analysts will be watching closely as drilling approaches, given the scale and geological similarity to Mt Leyshon—a historically significant gold system 📊🧠
💡 Investor Snapshot (as of 16 July 2025): PGO share price: A$0.062 📊
Read More - https://colitco.com/pacgolds-white-lion-prospect-sparks-exploration/