Pacgold’s Alice River Project Advances with High-Impact Gold Discoveries

Key Highlights

• Significant intersection of 114m @ 1.8g/t Au at the Central Target.
• Expansion potential with new zones at Southern and The Shadows targets.
• Aircore drilling uncovers anomalies spanning over 6km strike.

Pacgold Limited (ASX: PGO) is making strides in unlocking the potential of its flagship Alice River Gold Project in North Queensland. Recent results from its extensive drilling campaigns suggest the presence of a large-scale, bulk tonnage gold system across multiple targets, reaffirming its position as one of Australia’s most promising gold exploration ventures.

Central Target: A Robust Core

The standout results include an impressive recalculated historic interval of 114m @ 1.8g/t Au (ARDH044) at the Central Target, solidifying it as a major discovery. Other recalculated intersections further emphasize the scale:

• 30m @ 3.0g/t Au (ARDH007).
• 55m @ 1.5g/t Au (ARDH036).
• 91m @ 0.9g/t Au (ARDH025).

Managing Director Matthew Boyes noted the strategic importance of these findings, “The results confirm the potential for a district-scale gold system. The recalculated intervals, combined with robust current drilling results, elevate the Alice River Project to a pivotal growth asset for Pacgold.”

New Horizons: Southern and The Shadows Targets

Drilling at the Southern Target delivered a significant intersection of 50m @ 0.8g/t Au, including 16m @ 1.0g/t Au (STDH014). These results mirror the Central Target's vein-hosted mineralization, hinting at a broader replication of the system across the 30km Alice River Fault Zone (ARFZ).

The Shadows Prospect, a previously untested target, yielded promising first-pass reverse circulation (RC) drilling results. Significant intersections include:

• 23m @ 0.3g/t Au (SHDH003).
• 8m @ 0.6g/t Au, including 2m @ 1.4g/t Au (SHDH005).

These discoveries validate Pacgold’s (ASX: PGO) exploration model and geophysical targeting techniques, opening the door for further resource delineation.

Expanding the Footprint with Aircore Drilling

Pacgold’s (ASX: PGO) aircore program has defined five major gold anomalies across 6km of strike, emphasizing the district’s untapped potential. Key zones like F1a North, with intersections up to 1.01g/t Au, showcase high-priority areas for follow-up exploration.

The aircore program has also revealed critical structural insights, particularly at The Shadows and Solon anomalies, where mineralized trends remain open in multiple directions.

2025: What’s Next?

With these exceptional results in hand, Pacgold (ASX: PGO) plans to:

• Initiate deeper diamond drilling at Central and Southern targets to expand known zones.
• Intensify RC drilling at The Shadows and Jerry Dodds prospects.
• Continue aircore exploration to delineate the broader strike potential.

A robust cash balance positions Pacgold (ASX: PGO) to accelerate its 2025 exploration campaign, driving further growth and shareholder value.

A Promising Gold Frontier

The Alice River Project stands out for its potential to host a world-class bulk tonnage gold deposit. With consistent high-grade results, new target discoveries, and advanced exploration methodologies, Pacgold (ASX: PGO) is well-positioned to redefine the region's gold mining prospects.