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Pacgold Limited (ASX: PGO) has announced a significant milestone by releasing a maiden JORC-compliant Mineral Resource Estimate for its 100%-owned Alice River Gold Project in North Queensland. The initial estimate is 12.2Mt @ 1.2g/t Au for 474Koz gold (using a 0.5g/t cut-off) within a broader global resource of 26.7Mt @ 1.01g/t Au for 854Koz.Importantly, only 5% of the known mineralized strike has been drill tested, leaving the system wide open for expansion. The Indicated resource category accounts for 250 Koz, with current RC drilling focused on upgrading Inferred ounces and testing extensions at the Central and Southern Targets.
The 2025 drilling campaign has recommenced with firm productivity. It targets over 10,000m of RC and air-core drilling alongside geophysics to unlock the broader 30km strike potential of the Alice River Fault Zone. Pacgold’s systematic exploration continues to deliver consistent results, supporting the potential emergence of a large-scale, bulk-tonnage gold system.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
