Pacgold zeroes in on huge bullseye gold target in Far North QLD
From the 1980s, the historical shallow drilling in the White Lion hit an abnormal gold, including 20m at 0.4g/t from the surface. However, the company says that the heart of this geophysical monster is not touched by the drill tip and left Pacgold with a high -betting stroke to reveal a millions of ounces.
“The definition of such a challenging geophysical target in the White Lion is extremely encouraging …”
Pacgold Limited General Manager Matthew Boyes
A wider Gradian series IP program mapped a 9 km stress of the fault zone, the emergence of several resistance low anomalies interpreted as dilatation zones-Structural sweet points to flow the mineralization into the gaps, such as the company’s 470,000 ounce centers and 317,000 ounces southern expectations.
The regions have previously been hidden under the sand cover, and in the coming weeks, the company’s already comprehensive list of a new drill target wave is on the radar for discovery in the coming weeks, with the potential to create a wave of target wave.
The upcoming White Lion program will see 10-12 RC holes, each depth of 200 meters and explore rechargeability and the core of magnetic anomalies. Textbook geophysical signature and shallow depth can be the key to unlocking a regional -scale prize.
The IRGS analogy is valid, on the verge of Pacgold Queensland’s next major gold discovery. The September drilling program will follow with interest to see that this ‘X points to the point’.
Does your company on the ASX list do something interesting? Contact: Mattbirney@bullsnbears.com.au
