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Pacgold Limited ( (AU:PGO) ) just unveiled an update.
Pacgold Limited has commenced its maiden drilling program at the White Lion prospect, part of the Alice River Gold Project. This initiative aims to explore multiple geophysical anomalies, including a significant IP chargeability anomaly and a magnetic bullseye feature, which have never been drill-tested before. The program consists of 10 RC drill holes targeting these anomalies, which are considered high-priority due to their potential for gold mineralization. The results of this drilling could significantly impact Pacgold’s exploration success and stakeholder interests as they continue to assess high-quality targets in the region.
More about Pacgold Limited
Pacgold Limited is a Queensland-focused explorer specializing in gold and antimony. The company is engaged in exploration activities at its 100% owned Alice River Gold Project, located 300km northwest of Cairns, North Queensland.
Average Trading Volume: 483,837
Technical Sentiment Signal: Sell
Current Market Cap: A$14.19M
For a thorough assessment of PGO stock, go to TipRanks’ Stock Analysis page.