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The latest update is out from Pacgold Limited ( (AU:PGO) ).
Pacgold Limited has announced the results from its recent regional aircore geochemical drilling campaign at the Alice River Gold Project. The results have identified a 12km geochemical anomaly at the Alice River Fault Zone, indicating substantial gold potential. The company plans to follow up with an extensive Reverse Circulation drilling program to further evaluate these high-priority targets. Additionally, an Induced Polarisation program will be conducted to explore further potential along the Alice River and Posie Fault Zones. With a strong cash balance and no debt, Pacgold is well-positioned to continue its exploration activities throughout 2025, aiming to demonstrate significant growth potential and possibly uncover a multimillion-ounce gold deposit.
More about Pacgold Limited
Pacgold Limited is a gold exploration company focused on projects in Queensland, Australia. The company primarily engages in the exploration of gold, with a significant focus on the Alice River Gold Project, located northwest of Cairns. Pacgold aims to identify and develop gold deposits within this region.
YTD Price Performance: -7.50%
Average Trading Volume: 179,980
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$9.73M
See more data about PGO stock on TipRanks’ Stock Analysis page.