Pacgold advances White Dam drilling and moves closer to production restart

Pacgold Limited ( (AU:PGO) ) just unveiled an announcement.

Pacgold has reported further encouraging reverse circulation drilling results from the Vertigo deposit at its White Dam project, with about 95% of the Vertigo resource drilling now complete and consistent shallow gold and copper mineralisation reinforcing confidence in the 2020 block model. The program, which also targets additional tonnes above the main resource zone, is expected to support an upgraded mineral resource estimate before drilling moves to the Hannaford and White Dam North deposits later this year.

Operationally, Pacgold has commissioned onsite crushing equipment for the heap leach pad, with ramp-up of re-crushing underway and full throughput of roughly 350 tonnes per hour targeted by mid-April as it prepares staged 50,000-tonne then 100,000-tonne leach packages. Management frames the next 8–12 weeks as critical, as updated resource estimates, mine designs and cash flow models converge with the first sustained operation of the refurbished plant since the mine’s 2017 closure, marking a key step toward consistent monthly production from White Dam.

The most recent analyst rating on (AU:PGO) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Pacgold Limited stock, see the AU:PGO Stock Forecast page.

More about Pacgold Limited

Pacgold Limited is an Australian gold explorer and developer focused on advancing its 100%-owned White Dam Gold Project in South Australia’s Olary Province, about 80km east of Broken Hill. The company is working to upgrade existing JORC-compliant mineral resources across several open-pit zones and restart heap leach gold production using refurbished processing infrastructure.

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