Pacgold Begins 1,460m RC Drilling to Test Large IP Anomaly at White Lion
Pacgold Limited has initiated its first-ever drilling campaign at the White Lion prospect within the Alice River Gold Project, targeting robust geophysical anomalies that could signal significant gold mineralisation.
- Maiden 1,460m Reverse Circulation drilling program commenced
- 10 drill holes planned to test coincident IP chargeability, resistivity, and magnetic anomalies
- White Lion prospect located near Alice River Fault Zone, never previously drilled
- Geophysical anomalies cover an 800m by 500m area at 50-250m depth
- Assay results expected by mid to late October 2025, with further drilling contingent on outcomes
Exploration Milestone at White Lion
Pacgold Limited (ASX:PGO) has embarked on a maiden drilling program at its White Lion prospect, part of the 100% owned Alice River Gold Project in North Queensland. This marks a significant step forward in exploring a highly prospective target area that has never before been drilled. The program involves 10 Reverse Circulation (RC) drill holes totaling 1,460 metres, designed to test a suite of compelling geophysical anomalies identified through recent surveys.
Targeting a Multi-Parameter Geophysical Anomaly
The White Lion prospect hosts a large, discrete IP chargeability anomaly peaking at 38 millivolts against a subdued background, spanning approximately 800 by 500 metres and situated 50 to 250 metres below surface. This chargeability high coincides with a resistivity anomaly and a distinctive circular magnetic bullseye feature, all of which suggest the presence of mineralisation. The prospect lies just 500 metres south of the Alice River Fault Zone, a known structural corridor with historical quartz breccia-hosted gold mineralisation.
Strategic Importance of the Alice River Project
Located roughly 300 kilometres northwest of Cairns, the Alice River Gold Project sits within a large intrusion-related gold system analogous to globally significant deposits such as Fort Knox in the USA and Hemi in Western Australia. The project area encompasses 30 kilometres of prospective gold targets over 377 square kilometres of granted exploration permits and mining leases. Pacgold’s exploration strategy leverages extensive historical data and modern geophysical techniques to systematically unlock value.
Looking Ahead, Drilling and Assay Timelines
The initial drilling campaign is expected to take about two weeks, after which samples will be sent to ALS laboratories for assay. Results are anticipated by mid to late October 2025. Depending on these outcomes, Pacgold has a diamond drilling rig on site ready to test deeper targets, underscoring the company’s commitment to advancing the project efficiently. Managing Director Matthew Boyes highlighted the team’s achievements this season and expressed optimism about the potential of the White Lion target.
Broader Exploration Context and Future Plans
Beyond White Lion, Pacgold is actively pursuing multiple high-priority targets across the Alice River project, supported by a comprehensive database of historical exploration, geochemical sampling, and geophysical surveys. The company also holds interests in the St George Gold-Antimony Project, expanding its footprint in the mineral-rich Hodgkinson Province. Metallurgical testing to date has shown variable gold recoveries, indicating further work is needed to optimise processing strategies.
Bottom Line?
As Pacgold drills into untested ground at White Lion, the market awaits assay results that could redefine the project’s potential.
Questions in the middle?
- Will the maiden drilling confirm the presence of economically viable gold mineralisation at White Lion?
- How will assay results influence the scale and focus of subsequent drilling campaigns?
- What metallurgical challenges might arise given the variable recovery rates observed in historical tests?
