Pacgold’s White Lion Prospect Ignites Exploration Buzz with Major Geophysical Breakthrough
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.
.webp)
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.
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.
If White Lion delivers on its geophysical promise, it could become a new exploration centrepiece in Australia’s gold sector—attracting further interest from investors, strategic partners, or even larger miners looking to backfill future pipelines.
Comments
Post a Comment