Pacgold unearths monster gold-antimony system in Qld

The West Australian12-16

Pacgold Limited has taken a significant step towards uncovering a major gold-antimony discovery in North Queensland after its first-pass soil geochemical program outlined a whopping 14 kilometres of ...

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The strongest soil responses extend for up to 1.5 kilometres and remain open along strike, pointing to considerable exploration upside.Adding further weight to the discovery, key pathfinder elements arsenic and mercury also returned anomalous values along the same structures – a classic geochemical signature associated with gold-antimony systems.Remarkably, the newly defined anomalies have never been tested by modern drilling, highlighting the project’s largely untouched nature despite its location in one of Australia’s most prospective mineral provinces. Assay results from the soil program are pending and expected early in the new year.Pacgold plans to refine its targets and launch a drilling campaign in the second quarter of 2026, once the North Queensland wet season subsides. Multiple targets are expected to be drill-tested in what is shaping up as a pivotal exploration phase for the company.The St George project sits about 70 kilometres west of Mt Carbine and covers a substantial 905 square kilometres within the emerging Hodgkinson antimony province. The tenement package comprises seven licences, five of which are granted, with Pacgold earning up to a 100 per cent interest under a farm-in and joint venture agreement with Hardrock Mineral Exploration.Since farming into the project in August, Pacgold has wasted little time advancing the ground. More than 2,000 soil samples have been collected across the Fence-Ridgeline, Big Watson South and Zebs prospects.Rock chip sampling conducted alongside the soil program has also returned spectacular results. At the Fence and Ridgeline prospects, one rock chip assayed an extraordinary 52.7 per cent antimony with 2.93 grams per tonne (g/t) gold. Additional samples delivered equally impressive grades of 9.35 per cent antimony with 10.2g/t gold and 0.49 per cent antimony with 8.42g/t gold.Exploration has moved quickly at St George, with our team completing an extensive first-pass soil geochemical program alongside mapping and rock chip sampling of outcropping mineralisation over the past 6 weeks. It’s crucial to point out that these outstanding soil anomalies were acquired out of tenements located 5 km to the south of the St George historical mine location, demonstrating the extent and consistency of mineralisation within the tenement package Pacgold Limited managing director Matthew BoyceThe company believes the St George tenements host some of the most antimony-rich and well-developed veins in the Hodgkinson Province - a region fast emerging as one of Australia’s premier gold-antimony addresses.Geologically, the mineralisation shows strong similarities to nearby deposits mined by Republic Gold in the 1980s, including the Tregoora and Northcote deposits, which collectively produced more than 550,000 ounces of gold.The Hodgkinson Province has a long and rich mining history, with the Palmer River and Hodgkinson goldfields together producing nearly 1.6 million ounces of gold during the late 1800’s and early 1900’s. However, much of the region remains underexplored by modern standards.Pacgold’s growing exploration footprint at St George complements its nearby Alice River project, which already hosts a global gold resource of 854,000 ounces. The company has also strengthened its development credentials with the acquisition of the White Dam gold operation in South Australia, a fully permitted project with an operational heap-leach facility.With drilling looming and surface results already delivering eye-catching grades, all eyes will now be on what lies beneath the extensive gold-antimony structures at St George.Is your ASX-listed company doing something interesting? Contact: matt.birney@wanews.com.au","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2591740686","isCrawlerRequest":true}