St George Project Yields Up to 52.7% Antimony and 10.2g/t Gold in Rock Chips
Pacgold Limited has delineated multiple high-grade gold and antimony zones over a 5km strike at its St George Project in northeast Queensland, with first pass RC drilling set to commence imminently.
- Major soil and rock chip sampling program completed
- High-grade assays up to 52.7% antimony and 10.2g/t gold
- Extensive structurally-controlled quartz-stibnite veins identified
- IP geophysics survey completed to guide drilling
- First pass RC drilling to start imminently targeting depth extensions
Exploration Momentum Builds at St George
Pacgold Limited (ASX – PGO) has reported compelling early exploration results from its St George Gold-Antimony Project in northeast Queensland. Following a comprehensive soil geochemical and rock chip sampling campaign, the company has identified multiple high-grade gold and antimony zones along a 5-kilometre strike length. These findings set the stage for the imminent commencement of reverse circulation (RC) drilling, aimed at testing the subsurface extent of mineralisation.
High-Grade Surface Assays Signal Potential
The rock chip sampling program, focused on the Fence and Ridgeline prospects, returned impressive assay results including antimony grades as high as 52.7% and gold concentrations up to 10.2 grams per tonne. These structurally-controlled quartz-stibnite veins, some up to 3 metres wide at surface, bear strong resemblance to historically mined deposits within the Hodgkinson Province, a region known for its rich mineral endowment.
Geophysical Survey Supports Targeting
Complementing the geochemical work, an Induced Polarisation (IP) geophysics survey has been completed over the historic St George Mine area. This survey aims to delineate the nature of the gold-antimony bearing structures and refine drill targets. The data is currently under interpretation, with results expected to enhance the precision of upcoming drilling campaigns.
Drilling to Unlock Subsurface Potential
With heritage clearances secured, Pacgold is poised to begin its first pass RC drilling program imminently. The drilling will test the depth extensions of the high-grade veins identified at surface and explore new targets generated from the IP survey. This marks a critical step in moving from surface sampling to defining potential mineral resources.
Strategic Position in a Developing Province
The St George Project is situated within a 905 square kilometre tenement package in the Hodgkinson Province, a historically significant gold and antimony region. Pacgold holds the right to earn up to 100% interest under a Farm-In and Joint Venture Agreement with Hardrock Mineral Exploration Pty Ltd. The company’s Managing Director, Matthew Boyes, expressed optimism about the project’s potential, highlighting the extensive strike of antimony-rich veins and the company’s control over a large exploration tenure.
As the company progresses through the drilling phase, further assay results from the soil sampling program are anticipated by mid-November, which will provide additional insights into the project’s mineralisation footprint.
Bottom Line?
Pacgold’s upcoming drilling campaign at St George could be the catalyst that transforms promising surface results into a significant gold-antimony resource.
Questions in the middle?
- Will the upcoming RC drilling confirm continuity and thickness of high-grade mineralisation at depth?
- How will the soil geochemical assay results influence the prioritisation of drill targets?
- What are the implications of these findings for Pacgold’s broader exploration strategy in the Hodgkinson Province?