Pacific Resources Advances Victorian Goldfields Due Diligence and Tasmanian Exploration

AustChina Holdings Limited ( (AU:PXR) ) has shared an announcement.

Pacific Resources Limited reported quarterly progress across its exploration portfolio, highlighting ongoing due diligence and geological reinterpretation at the Eastern Victorian Goldfields Project, where the Ernestine prospect is now seen as part of a broader 500–550 metre mineralised corridor. The company emphasised the project’s high-grade gold, base metals and critical minerals potential, positioning it as a strategic addition that would complement existing assets if the option is exercised.

In Tasmania, Pacific Resources completed channel sampling at the Coupon Gold-Copper prospect within the Sulphide Creek Gold-Antimony Project, collecting 12 samples from a newly discovered adit and noting alteration and structurally controlled quartz veins consistent with its mineralisation model. The company also advanced planning for initial fieldwork at the Mersey VMS Base Metals and Gold Project, including mapping, sampling and future LIDAR and airborne EM surveys, alongside announcing board changes that could influence governance and strategic direction.

More about AustChina Holdings Limited

Pacific Resources Limited is an ASX-listed junior energy and mineral resources company focused on gold, base metals and coal. Its portfolio includes the 100%-owned Sulphide Creek Gold-Antimony and Mersey VMS Base Metals and Gold projects in Tasmania, the Blackall Coal Project in Queensland, an investment in an ASX-listed copper company, and an option to acquire the Eastern Victorian Goldfields Project in Victoria.

Current Market Cap: A$3.6M

For an in-depth examination of PXR stock, go to TipRanks’ Overview page.