Pacgold unearths monster gold-antimony system in Qld
Brought to you by BULLS AND BEARS
Rowena Duckworth
Pacgold Limited has taken a significant step towards uncovering a major gold-antimony discovery in North Queensland after its first pass soil geochemistry program outlined a massive 14 kilometer anomaly at the St George gold-antimony project.
The regional soil survey yielded striking results, identifying two strong gold and antimony trends, each extending an impressive 7-kilometer strike along the company’s key structural corridor and factoring in Fence and Ridgeline prospects. The strongest ground responses extend up to 1.5 kilometers and remain open throughout the strike, indicating a significant exploration advantage.
Adding further weight to the discovery, key lead elements arsenic and mercury also returned anomalous values along the same structures; A classic geochemical signature associated with gold-antimony systems.
Remarkably, the newly identified anomalies have never been tested through modern drilling; This underlines the largely untouched nature of the project despite being located in one of Australia’s most potential mining regions. Analysis results from the soil program are pending and expected early in the new year.
‘These conspicuous soil anomalies were obtained from tenements located 5km south of the St George historic mining location.’
Matthew Boyce, managing director of Pacgold Limited
Pacgold plans to refine its targets and launch a drilling campaign in the second quarter of 2026, once the North Queensland wet season ends. It is expected that more than one target will be subjected to drilling tests in the process, which is shaping up to be a very important exploration phase for the company.
The St George project is located approximately 70 kilometers west of Mt Carbine and covers a significant area of 905 square kilometers in the emerging Hodgkinson antimony province. The lease package consists of seven licenses, five of which have been granted, and Pacgold earns up to 100 percent interest under a farming and joint venture agreement with Hardrock Mineral Exploration.
Pacgold has wasted little time moving forward since joining the project in August. More than 2,000 soil samples were collected from the Fence-Ridgeline, Big Watson South, and Zebs areas.
Rock fragment sampling carried out in conjunction with the soil program also produced outstanding results. At the Fence and Ridgeline mines, a rock chip analyzed an outstanding 52.7 percent antimony containing 2.93 grams per tonne (g/t) of gold. Additional samples returned equally impressive grades of 9.35 per cent antimony at 10.2 g/t gold and 0.49 per cent antimony at 8.42 g/t gold.
Pacgold Limited managing director Matthew Boyce said: “Exploration has progressed rapidly at St George, with our team completing a comprehensive first pass soil geochemical program as well as mapping of exposed mineralization and boulder sampling over the last 6 weeks. It is crucial to note that these conspicuous soil anomalies were obtained from tenements located 5 km south of the historic mining location of St George; This indicates the extent and consistency of mineralization within the apartment package.”
The company believes the St George tenements are home to some of the most antimony-rich and well-developed veins in the Hodgkinson State, which is rapidly developing as one of Australia’s leading gold-antimony addresses.
Geologically, the mineralization bears 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.
Hodgkinson County has a long and rich mining history, with the Palmer River and Hodgkinson gold fields together producing approximately 1.6 million ounces of gold in the late 1800s and early 1900s. However, much of the region has not been adequately explored by modern standards.
Pacgold’s growing exploration footprint at St George complements the 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 upcoming drilling and surface results already offering eye-catching grades, all eyes will now turn to what lies beneath the extensive gold-antimony structures at St George.
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