Pacgold’s maiden drilling at the St George Gold-Antimony Project confirms continuous high-grade antimony mineralisation, setting the stage for an ambitious regional exploration campaign in 2026.
- Final assays confirm high-grade antimony up to 12.8% Sb
- Gold intersections accompany antimony mineralisation
- Only 200m of a 20km strike tested to date
- Major regional drilling program planned for Q2 2026
- Exploration targets include St George, Fence, and Ridgeline prospects
Drilling Confirms Robust Antimony System
Pacgold Limited (ASX, PGO) has released the final assay results from its inaugural reverse circulation (RC) drilling program at the St George Gold-Antimony Project in northeast Queensland. The results reinforce the presence of a substantial mineralised system, with high-grade antimony intercepts such as 1 metre at 12.8% Sb and multiple gold intersections, including 8 metres at 0.7 g/t Au.
These assays stem from just nine holes drilled over a narrow 200-metre strike length, a fraction of the extensive 20-kilometre corridor of geochemical anomalies identified across the project’s tenement package. The mineralisation remains open along strike and at depth, suggesting significant upside potential.
Strategic Regional Exploration Set for 2026
Building on these encouraging early results, Pacgold is gearing up for a province-scale exploration program slated to commence in the second quarter of 2026, following the North Queensland wet season. This campaign will drill-test multiple high-priority targets, including the Fence and Ridgeline prospects, which have shown promising surface geochemical and rock chip anomalies but remain untested by drilling.
Managing Director Matthew Boyes highlighted the scale of opportunity, noting that the company has only scratched the surface of a vast mineralised system. The upcoming program aims to systematically evaluate the extensive 905 square kilometre tenement package, potentially unlocking a new antimony province with complementary gold credits.
Historical Context and Technical Insights
The St George Project sits within a major north-northwest trending structural zone historically mined for antimony in the 1960s, producing ore grading approximately 60% Sb. The recent drilling confirms the downdip extension of mineralisation beneath the historic open pit and reveals multiple zones of sheeted quartz veining hosting antimony and gold.
Pacgold’s exploration manager Geoff Lowe, a qualified competent person, has overseen the sampling and assay processes, which adhere to rigorous industry standards. The company has also compiled extensive historical data and integrated it with new findings to refine target generation and drilling strategies.
Next Steps and Market Implications
With assay results pending from additional targets such as Big Watson and Zeb’s prospects, Pacgold is positioning itself to accelerate exploration momentum. The acquisition of the White Dam Gold Operation in South Australia further complements its growth strategy by providing near-term production and cash flow potential.
Investors will be watching closely as Pacgold advances its exploration programs and updates its resource estimates, which could materially influence the company’s valuation and position within the emerging antimony sector.
Bottom Line?
Pacgold’s early drilling success at St George sets a promising foundation, but the real test lies in the expansive 2026 exploration campaign.
Questions in the middle?
- How will upcoming drilling at Fence and Ridgeline prospects impact resource potential?
- What are the economic implications of the high-grade antimony intersections for future development?
- When can investors expect updated resource estimates incorporating these new results?