Pacgold’s White Dam drilling confirms high-grade gold as it accelerates shift to production

Pacgold Limited ( (AU:PGO) ) just unveiled an announcement.

Pacgold has reported initial high-grade assay results from infill reverse circulation drilling at the Vertigo pit within its White Dam Gold Project, confirming strong alignment with existing resource models and supporting an upgrade of predominantly Inferred resources to the Indicated category. The program, now 85% complete at Vertigo, has also identified previously undefined shallow mineralisation near surface, which could provide easily accessible ore and improve early mine economics.

The company expects to complete resource drilling across Vertigo, Hannaford, White Dam North and the Rolling prospect by May, ahead of updated resource models, pit optimisations and mine designs targeted for early Q3 2026. A second sonic rig has been mobilised to drill the existing heap leach pad for metallurgical testwork and grade estimation, underpinning Pacgold’s strategy to reduce upfront working capital, advance permitting for expanded pit operations and accelerate its transition from gold explorer to producer.

The most recent analyst rating on (AU:PGO) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Pacgold Limited stock, see the AU:PGO Stock Forecast page.

More about Pacgold Limited

Pacgold Limited is an Australian gold explorer and developer focused on advancing the 100%-owned White Dam Gold Project in South Australia’s Olary Province, about 80km east of Broken Hill. The project centres on open-pittable, shallow gold and associated copper mineralisation across multiple pits, including Vertigo, Hannaford and White Dam North, with potential for low-cost heap leach processing.

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Technical Sentiment Signal: Buy

Current Market Cap: A$64.67M

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