Pacific Resources Advances Due Diligence with Maiden Exploration Target at Eastern Victorian Goldfields

An update from AustChina Holdings Limited ( (AU:PXR) ) is now available.

Pacific Resources Limited is advancing due diligence on the Eastern Victorian Goldfields Project, where it holds a 19‑month option to acquire the assets from First Au. The company’s work is centred on the Haunted Stream area within licence EL006816, an 8.0–8.5 kilometre mineralised corridor hosted in Ordovician turbidites that remains relatively shallowly tested compared with analogous Victorian goldfields.

As part of its technical review, Pacific Resources has completed a maiden Exploration Target assessment at the Ernestine Prospect, based on reinterpreting historical drilling and the geometry of the mineralised shear corridor. The company interprets the Ernestine lode to extend roughly 50 metres along strike, 150 metres vertically, and 1–2 metres in true width, and notes that the broader Ernestine‑Hibernia corridor of about 500–550 metres in strike offers additional conceptual exploration upside that is not yet incorporated into the current Exploration Target.

The most recent analyst rating on (AU:PXR) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on AustChina Holdings Limited stock, see the AU:PXR Stock Forecast page.

More about AustChina Holdings Limited

Pacific Resources Limited is an ASX-listed resources company with a focus on gold exploration in Australia. The company is currently assessing the Eastern Victorian Goldfields Project in the East Gippsland region of Victoria, targeting mineralised corridors and prospects such as Haunted Stream and Ernestine as part of its growth in Victorian gold exploration.

Current Market Cap: A$3.6M

For detailed information about PXR stock, go to TipRanks’ Stock Analysis page.