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The latest announcement is out from Pacgold Limited ( (AU:PGO) ).
Pacgold Limited has identified a significant high-intensity IP chargeability anomaly at the White Lion Prospect within its Alice River Gold Project. This anomaly, coinciding with a previously identified magnetic anomaly, suggests substantial exploration potential, drawing parallels to the 5Moz Mt Leyshon gold project. The company plans to commence drilling in the fourth quarter of this year, following necessary heritage clearances and approvals. This development positions Pacgold to potentially enhance its exploration success and strengthen its standing in the gold exploration industry.
More about Pacgold Limited
Pacgold Limited is a Queensland-focused gold exploration company. It is primarily engaged in exploring and developing gold projects, with a significant focus on the Alice River Gold Project located 300km northwest of Cairns, North Queensland.
Average Trading Volume: 282,220
Technical Sentiment Signal: Sell
Current Market Cap: A$9.73M
See more data about PGO stock on TipRanks’ Stock Analysis page.