#northqueenslandmining

[colitcomediasblog]

Pacgold’s Gold Hunt Advances with White Lion Discovery

Pacgold identifies a large magnetic anomaly at White Lion, revealing strong gold potential similar to Mt Leyshon, with drilling planned.

In a significant leap forward for its exploration strategy, Pacgold Limited has identified a large, doughnut-shaped magnetic anomaly spanning over 1 kilometre in diameter. This remarkable discovery could mark the beginning of a new chapter in the search for a Tier-1 gold deposit in Queensland. The newly identified anomaly exhibits a distinctive non-magnetic core, believed to be caused by intense phyllic alteration—a type of hydrothermal alteration often linked with major gold systems. This geological feature strongly resembles the magnetite destruction zone at the Mt Leyshon deposit, which historically yielded over 5 million ounces of gold.

[colitcomediasblog]

Pacgold Ignites High-Potential Drilling at Alice River Gold Project

Pacgold Limited (ASX: PGO) has launched a dynamic new phase of Reverse Circulation (RC) drilling at its wholly owned Alice River Gold Project, located 300km northwest of Cairns, North Queensland. This latest initiative kicks off a 10,000-metre drilling campaign aimed at unlocking the project's promising mineral potential.

Leading the charge is the Central Target area, which holds a high-priority status in this exploration campaign. What makes this zone stand out? It hosts shallow, thick mineralisation concentrated within the top 70 metres of the deposit—a feature that makes it both accessible and economically enticing.

Notably, Pacgold has never drilled this specific area before, marking this as a strategic and potentially game-changing move in the company’s broader exploration blueprint.