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Pacgold Limited ( (AU:PGO) ) has issued an update.
Pacgold has reported initial assay results from its maiden reverse circulation drilling campaign at the St George Gold-Antimony Project in northeast Queensland, where the first two holes intersected multiple thick continuous structures containing high-grade antimony over significant widths near surface. The company completed nine holes in total in this initial 826m program, with results from the remaining seven holes due in early 2026, and now considers St George to represent a newly defined antimony province with mapped and geochemical anomalies extending over 20km of strike. Against the backdrop of elevated ex-China antimony prices and growing strategic importance of the metal for Western markets, Pacgold sees a significant exploration and critical mineral opportunity and is planning further drilling at the Fence and Ridgeline prospects, alongside ongoing rock chip and soil sampling at additional targets within the project.
More about Pacgold Limited
Pacgold Limited is an ASX-listed mineral exploration company focused on gold and associated critical metals, including antimony, in Australia. Its primary activities involve early-stage exploration and drilling programs targeting structurally controlled, high-grade mineral systems, with a particular focus on its St George Gold-Antimony Project in northeast Queensland.
Average Trading Volume: 2,949,673
Technical Sentiment Signal: Sell
Current Market Cap: A$28.49M
Learn more about PGO stock on TipRanks’ Stock Analysis page.