Pacgold’s Alice River gold project in north Queensland has served up another golden surprise, with all five holes from a first-pass aircore drilling program at its new Kapok prospect revealing broad gold zones over a 50-metre-wide corridor.

Kapok is a previously untested quartz-vein and outcropping target that sits at the northernmost point of the Alice River Fault Zone within the company’s grounds. It also lies just six kilometres north of Pacgold’s flagship Central Target mining lease, which hosts the bulk of its existing 854,000 ounce gold resource grading 1.01 grams per tonne (g/t).

A reverse circulation drill rig in action at Pacgold Limited’s Alice River gold project in northern Queensland.

The drill bit hit paydirt in every hole, revealing consistent near-surface gold and a strin

See Full Page