Pacgold Reports Promising Drill Results at Alice River, Eyes Bigger Gold Discovery

Pacgold Strikes High-Grade Gold at Alice River: Major Discovery in the Making?" Pacgold Limited (ASX: PGO) is turning heads with its latest drilling success at the Alice River Gold Project in Queensland. The first phase of its 2025 10,000-metre RC drilling campaign has uncovered impressive shallow, high-grade gold intercepts that suggest a major discovery could be on the horizon. Key highlights include 48m @ 2.1 g/t Au (with 2m @ 29 g/t) and 50m @ 1.0 g/t Au from surface — results that validate the potential for both bulk tonnage and high-grade development. With 5,800+ metres already drilled and funding secured through a recent $5.6 million capital raise, Pacgold is charging ahead with exploration across multiple regional prospects, including The Shadows, Posie, Jerry Dodds, and Victoria. Adding to its momentum, the company is deploying a diamond drill rig for structural insights and an aircore rig for broader geochemical mapping along the Alice River Fault Zone — a 12km mineral-rich corridor that remains underexplored. As gold prices rally to record highs (over USD 3,440/oz), investor sentiment is shifting towards high-potential junior explorers like Pacgold. PGO shares recently surged over 12% in a day, reflecting growing market confidence. With an aggressive drilling strategy, regional geophysics underway, and a seasoned exploration team at the helm, Pacgold is positioning itself as a standout gold explorer in a tier-one jurisdiction. If you're watching Australia’s gold exploration sector, now is the time to keep a close eye on Pacgold. With assays flowing and new targets being tested, the second half of 2025 could be transformative. Dive into the full update and learn why Alice River might be Queensland’s next major gold discovery. 

 

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