Pacgold’s Alice River Project Delivers Impressive Early 2025 Drill Results


 

Pacgold Limited has ignited its 2025 exploration campaign at the Alice River gold project with a series of outstanding drilling results that underscore both shallow bulk-tonnage and high-grade potential. The initial reverse circulation (RC) drilling at the Central Target revealed a standout intercept of 48 meters at 2.1 g/t Au from 76 meters, including a remarkable 2 meters grading 29 g/t Au.

Further impressive hits included a 50-meter intersection at 1 g/t Au from surface, and a 26-meter intercept grading 1.1 g/t Au, which features an 11-meter zone at 1.6 g/t Au from 47 meters. Additional shallow gold mineralisation extends northwards, including 13 meters at 2 g/t Au from 51 meters and 18 meters at 1.1 g/t Au close to surface, containing 3 meters at 3.4 g/t Au. These intersected zones stretch over a strike of more than 500 meters, reinforcing the project's open-ended potential for a significant open-pit development .

Pacgold’s maiden mineral resource estimate further validates the deposit's scale—12.2 Mt at 1.2 g/t Au for 474,000 ounces (at a 0.5 g/t cut-off), extending to a global resource of 26.7 Mt at 1.01 g/t Au for 854,000 ounces KapitalesBrisbane Times. Only about 5 percent of the strike has been drilled so far, indicating substantial exploration upside KapitalesBrisbane Times.

Backing the company’s aggressive exploration campaign is a successful AU$5.6 million capital raise, boosting available funding to over AU$6.5 million. This will support up to 12,000 m of RC, 3,000 m of diamond, and 5,000 m of aircore drilling, alongside extensive geochemical and geophysical programs Kapitalesrockstocks.ai.

With assays from Southern Target drilling pending and more RC, aircore, and diamond drilling slated through the year, Pacgold is on track to significantly expand its resource base—potentially transforming Alice River into a major, multi-million-ounce gold system.

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