Pacgold Limited ( (AU:PGO) ) has shared an update.
Pacgold Limited has announced a maiden JORC compliant Mineral Resource Estimate (MRE) for its Alice River Gold Project, marking a significant milestone in its exploration efforts. The initial MRE indicates a resource of 12.2 million tonnes at 1.2 grams per tonne gold for 474,000 ounces, with a global estimate of 26.7 million tonnes at 1.01 grams per tonne gold for 854,000 ounces. The company has recommenced drilling for the 2025 season, focusing on expanding the known resource footprint and testing new regional targets. This development positions Pacgold as a promising player in the gold exploration industry, with the potential for significant resource expansion and a compelling investment opportunity.
More about Pacgold Limited
Pacgold Limited is a gold exploration company focused on the Alice River Gold Project located 300km northwest of Cairns, North Queensland. The company is involved in the exploration and development of gold resources, with a particular focus on delineating large continuous bulk tonnage systems along the Alice River Fault Zone.
Average Trading Volume: 320,948
Technical Sentiment Signal: Hold
Current Market Cap: A$10.52M
See more insights into PGO stock on TipRanks’ Stock Analysis page.