Pacgold hits high-grade antimony at St George

The West Australian12-22 04:50

ASX-listed Pacgold has kicked off maiden drilling at its St George gold-antimony project in north Queensland with early results intersecting multiple thick zones of high-grade mineralisation just ...

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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPacgold hits high-grade antimony at St George\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-12-22 04:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thewest.com.au/business/bulls-n-bears/pacgold-hits-high-grade-antimony-at-st-george-c-21084862><strong>The West Australian</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ASX-listed Pacgold has kicked off maiden drilling at its St George gold-antimony project in north Queensland with early results intersecting multiple thick zones of high-grade mineralisation just ...</p>\n\n<a href=\"https://thewest.com.au/business/bulls-n-bears/pacgold-hits-high-grade-antimony-at-st-george-c-21084862\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4141","symbol_name":"半导体产品","start_time":0,"source_url":"https://thewest.com.au/business/bulls-n-bears/pacgold-hits-high-grade-antimony-at-st-george-c-21084862","article_id":"2593105121","we_media_id":null,"thumbnails":["https://images.thewest.com.au/publication/C-21084862/c4530181bda1dc5fcd880695eb6a89393c13926e.jpg"],"rights":{"source":"thewest_stock","url":"https://thewest.com.au/business/bulls-n-bears/pacgold-hits-high-grade-antimony-at-st-george-c-21084862","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2593105121","pubTimestamp":1766350224,"columns":[],"sourceInfo":{"source_id":"thewest_stock","name":"The West Australian"},"weMediaInfo":null,"summary":"Pacgold has hit multiple high-grade antimony zones in drilling at its St George gold-antimony project in Queensland, confirming extensions beneath historic workings, with further results due early nex","collect":0,"end_time":0,"defaultTopTitle":"thewest.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4141":"半导体产品","MMAT":"Meta Materials Inc."},"translate_title":"Pacgold在圣乔治开采高品位锑","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MMAT":1.5},"content_text":"ASX-listed Pacgold has kicked off maiden drilling at its St George gold-antimony project in north Queensland with early results intersecting multiple thick zones of high-grade mineralisation just below surface.The company said initial assays from the first two reverse circulation holes of a nine-hole program have confirmed extensions of high-grade antimony mineralisation beneath historic workings.Highlights included an 8-metre intersection grading 2.3 per cent antimony from 16 metres downhole, containing a one-metre spike of 11.9 per cent antimony, alongside a further 3 metres at 3.7 per cent antimony deeper in the same hole.A second hole delivered another 8 metres at 2.3 per cent antimony from surface, including 2 metres at 8.2 per cent antimony.The numbers come from just two holes, with assays pending from the remaining seven holes drilled across the prospect.The program was designed as a first-pass test of down-dip extensions beneath extremely high-grade antimony and gold surface samples developed along quartz veins over about one kilometre of strike at the historic St George mine.Drilling at St George was completed in late November for a modest 826 metres across nine holes. Despite the limited scale, the early hits appear to have validated management’s thesis that the old workings represent only the shallow expression of a much larger mineralised system that has barely been tested below surface.The maiden drilling results at St George are an excellent validation of the project’s antimony potential, confirming extensions of high-grade antimony mineralisation below surface and demonstrating strong continuity within multiple mineralised structures. Intersections from the first two holes reinforce our view that the historic St George workings represent part of a much larger mineralised system that remains almost completely untested.Pacgold Limited managing director Matthew BoyesBeyond the individual intersections, the broader geological setting is where the story starts to stretch its legs. St George sits within a major north-northwest trending structural corridor that also hosts the Fence and Ridgeline gold-antimony prospects. Together, the three prospects form part of a mineralised belt extending for more than 20 kilometres of strike across Pacgold’s tenement package.Recent soil geochemistry and rock chip samples across Fence and Ridgeline have already outlined extensive antimony and gold anomalies that remain untested. Several of those targets sit along the same structural corridor as St George, suggesting the early drilling success may not be an isolated event.The strategic angle is hard to ignore. Pacgold says antimony prices outside China are hovering around US$50,000 (A$75,000) per tonne, reflecting acute supply constraints and growing demand driven by energy transition technologies and military applications. Western supply of the metal is limited too and any project showing scale and grade is likely to draw close scrutiny.Notably, the St George project is still at a very early stage. No mineral resources have yet been declared and the current drilling is best viewed as a proof-of-concept program rather than anything approaching development-ready work.However, the geometry of the mineralisation, the shallow nature of the intercepts and the presence of multiple high-priority targets along strike have all combined to give Pacgold plenty of running room.With assays from seven additional holes due early in the new year, management has flagged geological modelling as the next step before designing follow-up drilling.Heritage clearances and approvals are also being progressed to allow drill programs at Fence and Ridgeline, while surface sampling continues across the broader tenement package.St George is not the only iron in the fire for Pacgold. The company’s flagship Alice River gold project, also in north Queensland, spans a large intrusion-related gold system with geological similarities to major international deposits.In South Australia, Pacgold has added a new dimension by acquiring the White Dam gold operation, complete with open pits, a heap leach facility, and a processing plant, providing a potential pathway to near-term cash flow to fund ongoing exploration.For now, however, attention remains firmly on St George. The maiden drilling has done what it needed to do - confirmed grade, continuity and depth potential. If the next batch of assays back up the early numbers and the broader corridor continues to light up, the historic antimony mine that kicked off this program may prove to be just the opening chapter.For further information, please contact Matt Birney, Bulls N’ Bears, matt.birney@wanews.com.au, +61 8 9226 4489","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":"dataReport","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/2593105121","isCrawlerRequest":true}