Pacgold Strikes High-Grade Gold at Alice River: A New Era in Queensland’s Mining Frontier
Pacgold Limited has taken a significant leap forward with its latest drilling results at the Alice River Gold Project in North Queensland. As gold prices remain strong globally, these high-grade discoveries not only fuel investor confidence but also mark a transformational phase for the company’s exploration ambitions.
In recent drill campaigns, Pacgold’s focus on the F1a Prospect has yielded exceptional results. One standout intercept reported includes 17 metres at 9.3g/t gold, showcasing the rich mineralisation hosted within the central target zone. This significant hit is accompanied by multiple high-grade sub-intervals, demonstrating continuity and the robustness of the mineral system at depth.
What makes this discovery compelling is the consistency of the high-grade gold values, which remain open along strike and at depth — a clear sign of an expansive and potentially scalable gold system. This positions F1a as a strategic priority for further drilling and resource definition.
