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Pacgold Limited ( (AU:PGO) ) has issued an announcement.
Pacgold has reported final assay results from its latest drilling campaign at the Vertigo deposit within the White Dam Gold Project in South Australia, confirming significant new shallow gold and copper mineralisation outside the current resource model. The program also completed infill drilling on the 2020 Inferred Resource, aimed at upgrading the JORC 2012 Mineral Resource Estimate to the Indicated category.
The newly intersected very shallow mineralised zones on the northern and north-eastern margins of Vertigo indicate clear potential to expand the Vertigo Mineral Resource Estimate and enhance the overall project resource base. While drilling has been temporarily paused to manage diesel supply constraints, Pacgold plans follow-up drilling on the shallow extensions at Vertigo before moving on to resource drilling at the White Dam North and Hannaford Pit deposits later in the year.
More about Pacgold Limited
Pacgold Limited is an Australian gold explorer and developer listed on the ASX, focused on advancing its 100%-owned White Dam Gold Project in South Australia’s Olary Province, about 80km east of Broken Hill. The company is working to expand and upgrade existing JORC-compliant Mineral Resource Estimates across several deposits, including Vertigo, White Dam North and Hannaford Pit.
Average Trading Volume: 1,708,043
Technical Sentiment Signal: Buy
Current Market Cap: A$54.11M
Learn more about PGO stock on TipRanks’ Stock Analysis page.