Pacgold’s Alice River Project Shines with Exceptional Drilling Results and Strategic Expansion Plans

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

Combined with its favorable structural position on the Alice River Fault Zone, the project is ideally placed for both exploration success and eventual production.

Investment Case: Strong Fundamentals, Exciting Catalysts

Pacgold’s story is resonating with both retail and institutional investors, and for good reason:

  • Substantial gold resource base with scalable upside

  • Consistent drilling success indicating strong system continuity

  • High-impact regional targets (White Lion could be transformational)

  • Robust funding to sustain momentum into 2026

With the gold market strengthening and sentiment turning positive, Pacgold’s combination of grade, scale, and strategy presents an attractive risk/reward proposition.

Near-term catalysts include:

  • Southern Target assay results

  • IP survey completion

  • White Lion drill testing

  • Metallurgical diamond drilling insights


Conclusion: Pacgold is Entering a New Growth Phase

With a strong cash position, a clearly defined strategy, and exceptional early drilling results, Pacgold Limited (ASX: PGO) is now firmly positioned as a gold explorer to watch. As the company advances its Alice River Gold Project from resource definition into development-ready territory, the potential for re-rating is substantial.

As investors look for the next breakout junior in the gold sector, Pacgold’s momentum, geology, and strategic execution make a compelling case for inclusion on any resource investment radar.

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