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Pacgold Limited (ASX: PGO) is rapidly emerging as a standout name in Australia’s junior gold exploration sector, thanks to a highly encouraging quarterly update that underscores the world-class potential of its Alice River Gold Project in North Queensland.

From drilling success to regional target breakthroughs and a strengthened balance sheet, Pacgold’s latest quarterly activities report presents a clear case for why investors and industry watchers should be paying close attention.

Striking Gold: High-Grade Intersections at Central Target

The cornerstone of Pacgold’s Q2 2025 performance is the remarkable progress made at the Central Target within the Alice River Project. Recent reverse circulation (RC) drilling has delivered multiple thick, high-grade intersections, such as:

48m @ 2.1g/t Au (including 2m @ 29g/t Au)

50m @ 1.0g/t Au from surface

74m @ 0.8g/t Au with higher-grade zones

These intercepts confirm a bulk tonnage gold system along the Alice River Fault Zone, demonstrating both scale and consistency. With only 19 holes completed so far from the ongoing 10,000m RC program, early results are not only upgrading resource confidence but also highlighting upside potential.

A Substantial Maiden Resource Sets the Foundation

Pacgold’s maiden JORC-compliant Mineral Resource Estimate unveiled in May 2025 affirms Alice River’s credentials:

474,000oz @ 1.2g/t Au within A$5,000/oz pit shells

854,000oz @ 1.01g/t Au global estimate (open pit + underground)

The Central Target alone holds 223,000oz @ 1.4g/t Au. More than 250,000oz is now classified as Indicated, paving the way for robust feasibility and development studies.

Importantly, this resource extends only to 500m depth and remains open in all directions, signalling significant expansion potential.

White Lion Prospect: A Sleeping Giant Awakens

A major highlight of the quarter is the emergence of the White Lion Prospect—a circular magnetic anomaly that mirrors the geophysical profile of historic tier-one mines like Mt Leyshon (3.5Moz gold production).

Despite limited historic drilling, new magnetic reprocessing and IP chargeability surveys have revealed a compelling, untested target just 500m from the Alice River Fault. Drilling is planned for Q4 2025, and success here could redefine the project’s scale.

Aggressive and Well-Funded Growth Strategy

Following a $5.6 million capital raise, Pacgold is executing a multi-pronged exploration strategy:

12,000m RC drilling to expand resources

3,000m diamond drilling for metallurgy & structural mapping

5,000m aircore program targeting new regional anomalies

Ongoing geophysics and geochemistry programs

With multiple rigs on site, Pacgold is progressing rapidly toward both resource growth and development de-risking.

Strategic Location in a Prolific Gold Belt

Situated 300km northwest of Cairns, Alice River sits in one of Australia’s most well-endowed gold provinces. The project benefits from:

Year-round road access

Established power and mining infrastructure

Skilled local labour market

Pacgold Limited’s (ASX: PGO) White Lion Prospect just became one of North Queensland’s most exciting gold exploration targets—thanks to a game-changing geophysical discovery that could reshape the future of the Alice River Gold Project.

In a detailed ASX update released on 10 July 2025, Pacgold revealed the delineation of a large, high-intensity IP (Induced Polarisation) anomaly that directly overlaps a strong magnetic “bullseye” feature. This combination is a classic signpost in the search for intrusion-related gold systems (IRGS)—and one that bears striking resemblance to Queensland’s 5Moz Mt Leyshon deposit.

A Bullseye in the Making

The newly mapped anomaly at White Lion spans 1.0km x 1.5km, positioned just south of the mineralised Alice River Fault Zone (ARFZ). Pacgold’s geophysics team uncovered a textbook “donut-shaped” magnetic inversion at around 200 metres depth—encircling high-chargeability zones typical of sulphide-rich, gold-hosting breccias.

Managing Director Matthew Boyes called it “an excellent result,” stating that White Lion now represents a priority drill target for Pacgold over the coming months.

The Bigger Geological Picture

This isn’t just a lucky hit—it’s the outcome of a carefully executed exploration model. Pacgold is targeting intrusion-related gold systems, a mineralisation style known for size and scale. White Lion’s magnetic lows, pyrite-rich zones, and alteration signatures line up with known global analogues like Fort Knox in Alaska and Australia’s Mt Leyshon.

The fact that historic shallow drilling in the 1980s encountered anomalous gold—but never tested the current central magnetic anomaly—adds to the intrigue. The real prize likely lies beneath, and Pacgold’s geophysics suggest depth continuity and structural controls needed for a major discovery.

What’s Next: Drills, Data and Development

The company is now fast-tracking a Pole-Dipole IP survey to pinpoint drilling locations more accurately and build a depth model. Once heritage and environmental permitting is finalised, Pacgold plans to begin drill testing in Q4 2025.

Concurrently, its regional IP program is expanding along the ARFZ to link White Lion with other promising targets like Victoria, Posie, and Central. These prospects lie within Pacgold’s broader 377km² Alice River tenement, offering potential scale far beyond one drill hole.

A Surge in Market Attention

The market is taking note. On the day of the ASX announcement (10 July), Pacgold’s trading volume spiked to 470,600 shares, up nearly 60x from earlier in the week. The share price held firm at $0.062, signaling investor confidence and anticipation for a potential breakout.

Date

Volume

04 July

8,000

08 July

220,900

09 July

81,000

10 July

470,600 🔥

With a market cap of just under $10 million, Pacgold still sits in the early-stage exploration sweet spot—high risk, but potentially high reward if drilling confirms mineralised breccias.

Why This Matters: The Hunt for Australia’s Next IRGS Giant

The Alice River Gold Project sits within one of Queensland’s most prolific gold provinces, home to multi-million-ounce discoveries like Pajingo and Ravenswood. Pacgold is methodically applying modern geophysics and proven models to unlock underexplored terrain.

Pacgold Ltd has reported a major exploration development at its 100%-owned White Lion Prospect, part of the Alice River Gold Project in North Queensland. Results from an extended Induced Polarisation (IP) survey have confirmed a very strong chargeability anomaly directly aligned with a previously identified bullseye magnetic anomaly. 🎯🧲

📍 Key Highlights:

🔸 A large-scale IP chargeability anomaly matching the magnetic “bullseye” signature—closely resembling the 5Moz Mt Leyshon gold deposit 🏔️💰 🔸 Multiple large geophysical targets identified across a 1.5km x 1.0km corridor, including resistivity anomalies linked to the Alice River Fault Zone (ARFZ) ⚡🪨 🔸 The anomaly sits just 500m from ARFZ and an outcropping quartz breccia with known gold at surface ✨🧱 🔸 No prior drilling in the anomaly’s core, presenting a greenfield high-impact target 🚀📍

The geophysical data shows magnetic destruction likely due to alteration, strengthening comparisons to Mt Leyshon’s breccia-style mineralisation model 🔬🌋

🗣️ Managing Director Matthew Boyes stated:

"This is an excellent result… the White Lion prospect now represents a priority drill target for Pacgold over the coming months." 👷‍♂️🎯

📅 Heritage clearance and permitting are currently underway, with drill testing planned for Q4 2025. Additional Pole-Dipole IP lines are scheduled for July to refine target depth and geometry 🛠️📏

This update places White Lion as a standout near-term gold exploration target in Queensland’s intrusion-related gold system, which hosts projects like Kidston, Pajingo and Ravenswood 🌏⚒️💎

📈 Investors and analysts will be watching closely as drilling approaches, given the scale and geological similarity to Mt Leyshon—a historically significant gold system 📊🧠

💡 Investor Snapshot (as of 16 July 2025): PGO share price: A$0.062 📊

Pacgold (ASX: PGO) has launched a major 10,000m RC drilling campaign at its 100%-owned Alice River Gold Project, located in North Queensland’s mineral-rich corridor.

Key highlights so far:

✅ First 19 holes deliver standout shallow high-grade gold ✅ Key intercepts include:

48m @ 2.1 g/t Au (incl. 2m @ 29 g/t Au)

50m @ 1.0 g/t Au from surface ✅ Infill drilling supports upgraded May 2025 MRE ✅ New targets now being tested across Shadows, Posie & Victoria ✅ Diamond & aircore rigs mobilising early Q3 ✅ IP geophysics underway to define deeper regional potential

Managing Director Matthew Boyes: “Our first results confirm the bulk tonnage and high-grade potential of the Alice River system. We’re fully funded through December and now aggressively expanding drilling across new high-priority regional targets.”

Investor Outlook

PGO enters a high-impact exploration window. With assays flowing and gold prices near record highs, investor interest is building fast:

📈 12.31% share price jump to $0.073 on results ⛏️ 44 holes drilled so far, 70+ planned in total 🌍 Leveraged to surging gold market (USD $3,441.41/oz) 💰 Recent $5.6M raise secures funding for full 2025 campaign 📍 Tier-1 jurisdiction with shallow, high-grade potential

👉 Read full ASX update: https://colitco.com/pacgold-alice-river-gold-drilling-results/

Also Visit https://crafmin.com/pacgold-hits-high-grade-gold-alice-river-exploration/

Pacgold Limited (ASX: PGO) has successfully raised $5.6 million to advance exploration at its flagship Alice River Gold Project in North Queensland. The capital raise, conducted through a two-tranche placement, attracted strong participation from institutional and sophisticated investors, underscoring confidence in Pacgold's strategic direction and the project's potential.

Pacgold Limited (ASX:PGO) has raised $5.6 million via a two-tranche placement to supercharge exploration at its 100%-owned Alice River Gold Project in North Queensland.

ASX:PGO is trading at $0.064.

Key Milestone: $5.6M Placement to Accelerate Exploration

✅ Strong institutional & sophisticated investor participation

⛏️ 20,000m+ drilling planned across RC, diamond & aircore programs

🎯 Focused on expanding known mineralisation & defining new targets

💬 Directors to participate, subscribing to $200K — strong internal confidence

🔄 Free attaching options + broker support reflect robust market interest

💸 Backed by a strong gold market — gold at USD $3,304/oz (+41.6% YoY)

Management Insight:

Matthew Boyes, Managing Director:

“With a quality team and exploration programs now underway, we look forward to an exciting year at Alice River.”

Why This Matters:

A well-funded junior explorer, expanding its footprint in one of Australia’s most prolific gold provinces. The stage is set for discovery, resource growth, and value creation in 2025.

✨ High-impact drilling. Bullish gold tailwinds. Pacgold is on the move.

⚠️ This is not investment advice. Please do your own research before making any investment decisions.

Read More - https://colitco.com/pacgold-secures-5-6-million-alice-river-gold-project/

Pacgold Limited (ASX: PGO) has recalculated key drilling intervals at its 100%-owned Alice River Gold Project, confirming the potential for a large-scale Intrusive Related Gold System. Updated results support a bulk-tonnage model at the Central Target:

ARDH044: 114m @ 1.8g/t Au from 242m

ARDH007: 30m @ 3.0g/t Au from 103m

ARDH036: 55m @ 1.5g/t Au from 85m

ARDH025: 91m @ 0.9g/t Au from 274m

Anomalism now extends over 12km of near-continuous strike, open north and south—supported by final Aircore results from Victoria to Jerry Dodds.

⚒️ 2025 Exploration Strategy

RC drilling commenced in April targeting high-priority zones

Diamond drilling to follow on Central and Southern Targets

IP survey and drone magnetics at White Lion to begin in May

Infill and extension of untested anomalies planned

🏅 Project Highlights

Extensive drilling and geophysics campaign underway

ARFZ magnetic inversion reveals Mt Leyshon-style alteration

Significant untested strike zones along Alice River & Posie Faults

Mineral Resource update expected in Q2 2025

📈 Investor’s Outlook: ASX: PGO last traded at A$0.066 (+4.76%). The Company held A$2.085M in cash at the end of March 2025. With strong gold tailwinds, growing scale, and an aggressive field program, Pacgold remains one to watch in the junior gold space.

🔗 Read the full announcement - https://clients3.weblink.com.au/pdf/PGO/02939332.pdf

Pacgold Limited (ASX: PGO) has resumed RC drilling at its 100%-owned Alice River Gold Project in North Queensland. The field team has already completed 8 holes totalling 1,118m, with 490 samples submitted for assay—results expected late May.

Drilling is targeting high-grade zones along the Alice River Fault Zone (ARFZ), a major regional structure hosting multiple gold anomalies across a 30km corridor.

⚒️ Exploration Roadmap – Alice River Drilling (Q2–Q4 2025):

Central Target focus with shallow, thick mineralisation

Expansion drilling at Jerry Dodds, Victoria, The Shadows & Posie Prospect

Infill work to refine mineralised zones

Geophysics (IP) and drone magnetics kick off in May

🗣️ Managing Director Matthew Boyes commented: “It’s great to be back on the ground and starting to test the multitude of new targets as well as expanding the known areas of mineralisation… This year is shaping up to be a pivotal season for Pacgold.”

🏅 Project Highlights:

First-ever drilling in upper 70m of Central Target

377km² of tenure with over 30km of gold targets along ARFZ

Comparable mineral systems to Fort Knox (Alaska) and Hemi (WA)

White Lion magnetic anomaly under priority review

Next Steps: With geophysical crews arriving in May and follow-up diamond and aircore drilling on the horizon, Pacgold is positioned for a steady flow of exploration news through 2025.

📈 Investor’s Outlook: ASX: PGO last traded at A$0.066, gaining 4.76%. With strong gold prices and an aggressive drilling campaign focused on the prolific ARFZ, Pacgold presents a leveraged gold exploration opportunity.

⚠️ This is not investment advice. Please conduct your own research before making any investment decisions.