Pacgold Discovers High-Grade Gold and Copper at White Dam
Key points
- Significant high-grade gold and copper sulphide discovery
- Assays pending for thickest intersections
- Multiple magnetic anomalies remain untested
Full summary
Pacgold Limited (ASX: PGO) has announced a significant high-grade gold and copper sulphide discovery at White Dam North within its 100% owned White Dam Gold Project in South Australia. Drilling has intersected thick, high-grade gold and copper sulphide mineralisation beneath the shallow oxide gold resource, coincident with a magnetic anomaly. Significant intervals include WNRC006: 20m @ 2.5g/t Au and 0.5% Cu from 58m and WNRC010: 10m @ 3.4g/t Au and 0.7% Cu from 54m. Assays are pending for the thickest intersections. Additionally, multiple magnetic anomalies remain untested, indicating significant exploration upside potential.
Outlook
The company plans to continue drilling and undertake a Pole-Dipole Induced Polarisation geophysical survey to guide an expanded drilling program.
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