Pacgold Limited (AU:PGO) has released an update.
Pacgold Limited has reported promising results from its latest drilling activities at the Alice River Gold Project in Queensland, identifying extensive gold extensions along the Alice River fault zone. The company’s successful exploration strategy has been bolstered by significant mineralisation at both new regional targets and existing high-grade zones, with plans for district-scale drilling to further assess the project’s potential. With a healthy cash balance, Pacgold is on track to progress towards a maiden JORC resource estimate slated for the second half of 2024.
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