• Maiden drilling program at White Lion intersects encouraging gold mineralisation
• Jerry Dodds lode structure extended by 1.4km along strike, now 1.8km total
• Further exploration warranted at both White Lion and Jerry Dodds in 2026

Pacgold Limited (ASX: PGO) has announced the results of its maiden drilling program at the White Lion prospect and additional drilling at the Jerry Dodds prospect, both located at the company's 100% owned Alice River Gold Project in North Queensland. The drilling at White Lion targeted a large high intensity IP chargeability anomaly coincident with a shallow bullseye magnetic anomaly. Four widely spaced RC holes were drilled, intersecting metasediments with common pyrite and minor pyrrhotite, but no significant gold values. Three additional holes were drilled to test the mineralised section of the Alice River Fault Zone, where previous rock chip sampling had returned strong gold mineralisation. Two of these holes intersected broad zones of quartz veining and altered granite, returning encouraging gold mineralisation including 8m @ 0.6g/t Au from 44m and 15m @ 0.2g/t Au from 148m. At the Jerry Dodds prospect, eight RC holes were drilled on four sections spaced 400m apart to test 1.2km of the mineralised lode structure. The drilling confirmed shallow gold mineralisation along the 1.5km strike, with results including 4m @ 0.6g/t Au from 5m, 8m @ 0.2g/t Au from 29m, and 24m @ 0.3g/t Au from 45m. The company considers these results to be significant and representative of a strike-extensive gold system that warrants further evaluation in 2026.

Further surface sampling and drilling will be planned for Q2 2026 at the White Lion prospect to follow up on the encouraging gold mineralisation intersected. At the Jerry Dodds prospect, additional drilling will also be planned for Q2 2026, along with structural analysis to assess zones of potential structural dilation to prioritise drill targeting.