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Pacgold Limited ( (AU:PGO) ) has shared an update.
Pacgold has extended gold and antimony geochemical anomalies along the Fence Structural Zone at its St George Project to more than 30km of strike through grid-based soil and rock chip sampling. The work has defined seven major targets within this regional structure, six of which have seen no modern drilling and are now being advanced toward drill testing.
At the Limestone prospect, newly identified large-scale structures have returned high-grade surface rock chip results, including assays up to 18.5 grams per tonne gold, reinforcing the mineralised potential from the southern Big Watson area to Limestone in the north. The growing inventory of undrilled anomalies provides Pacgold with a deep pipeline of drill-ready targets that could materially influence the project’s exploration upside and its position in the regional gold-antimony district.
The most recent analyst rating on (AU:PGO) stock is a Sell with a A$0.08 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 projects in Queensland and South Australia. The company is currently advancing the St George Gold-Antimony Project in northeast Queensland under a farm-in and joint venture agreement, giving it the right to earn up to 100% ownership as it pursues regional-scale precious and specialty metal targets.
Average Trading Volume: 2,899,222
Technical Sentiment Signal: Hold
Current Market Cap: A$38.1M
For a thorough assessment of PGO stock, go to TipRanks’ Stock Analysis page.