Pacgold kicks off drilling operations

Pacgold (ASX:PGO), an Australian gold exploration company, has started Reverse Circulation (RC) drilling at its Alice River Gold Project in North Queensland. The project aims to extend known mineralization in the Central Target area. The first RC drilling hole is completed and samples are prepared for analysis. The aircore drilling program is also progressing well, with 280 holes completed.

Overview of Pacgold's exploration initiatives

Pacgold has initiated significant exploration activities at its Alice River Gold Project, focusing on a comprehensive drilling program. The RC drilling seeks to explore extensions of existing mineralization, while the aircore program has made substantial progress, targeting completion by late November. The company anticipates assay results by mid-November and plans to continue exploration well into 2025. With the project situated in a historically rich gold region, Pacgold aims to expand its understanding of mineralization and prioritize areas for future exploration. The company's strategic objectives include broadening geological knowledge and conducting further exploration activities, highlighting their commitment to unlocking the project's potential.

Executive insights on drilling progress

We are optimistic about the drilling program, which aims to enhance understanding of the mineralization distribution and delineate priority areas for further exploration in 2025.