Pacgold advances Alice River Gold Project

Pacgold (ASX:PGO) has shared an update on its aircore drill campaign at the Alice River Gold Project in North Queensland. The company has completed 127 aircore holes, maintaining a daily drilling rate of 200-250 meters, with the campaign expected to conclude by mid-November. This phase focuses on the project's Northern Target, revealing quartz veining and alterations consistent with the region's mineralization trend. Samples have been sent for analysis, and results are anticipated in 2 to 3 weeks.

Pacgold's future exploration outlook

Pacgold is making strides in its Alice River Gold Project with significant progress in its aircore drilling campaign. With 127 holes completed, the project is on schedule for mid-November completion. Notable geological findings include visible quartz veins, supporting the potential for gold mineralization. The first batch of drill samples has been sent for laboratory analysis, with results expected shortly. Pacgold is ramping up its exploration efforts by expanding its field team and preparing to mobilize a Reverse Circulation drill rig to deepen its exploration. This aligns with Pacgold's strategic focus on thorough exploration and potential resource estimation at the Alice River Gold Project.

Executive insights on drilling progress

The drilling at the Northern Target is progressing well, with visible quartz veining and alterations aligning with the known mineralization trend. We are expanding our field crew and infrastructure. Within the next 10 days, a Reverse Circulation drill rig will be mobilized to the site to continue our exploration efforts.