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An update from Pacgold Limited ( (AU:PGO) ) is now available.
Pacgold Limited has commenced a 2,500-meter Diamond Drilling program at its Alice River Gold Project in North Queensland, aiming to complete structural and metallurgical testwork. The drilling will target the Central and Southern Targets and the Posie Prospect Mineral Resource Estimate zones, with additional plans for first pass drilling at the Jerry Dodds and Victoria Prospects. This initiative is part of Pacgold’s strategy to better understand the structural controls and directions of the main mineralized shoots within the system, enhancing its exploration efforts and potentially increasing its resource estimates.
More about Pacgold Limited
Pacgold Limited is an ASX-listed minerals exploration company focused on the Alice River Gold Project located in the Northeast Queensland Mineral Province. This region is known for its rich gold deposits, including notable sites like Pajingo, Mt Leyshon, Kidston, and Ravenswood. The Alice River Gold Project, wholly owned by Pacgold, spans 377 square kilometers and features a large intrusion-related gold system similar to the Fort Knox deposit in the USA and the Hemi deposit in Western Australia.
Average Trading Volume: 279,840
Technical Sentiment Signal: Sell
Current Market Cap: A$9.73M
See more data about PGO stock on TipRanks’ Stock Analysis page.