Pacgold (ASX:PGO) is advancing its exploration momentum with field work underway at the St George Antimony Project in Queensland.
An extensive regional mapping and geochemical soil sampling program is underway with first-pass geophysics being designed over areas of known gold-antimony mineralisation before moving to the first-pass drilling phase.
The soil program – expected to be completed in early October – is designed to define the gold-antimony and pathfinder element geochemical signature of the area.
Pacgold expects the survey to uncover gold-antimony anomalies indicative of strike extensions to the known mine workings and support in prioritising areas for further infill geochemical sampling, geological, and induced polarisation geophysics.
Results will be assessed in conjunction with mapping and geophysics to define a series of targets for follow-up drilling later in Q4 2025. Upon completion, a reverse circulation drill rig and potentially diamond rig will mobilise to site to conduct initial prioritised drill testing.
Managing Director Matthew Boyes says the first site visit at St George was “encouraging” with evidence of large, structurally stacked outcrops hosting large amounts of visible stibnite in large artisanal workings at multiple locations.
“Initial mapping indicates structures evident over strike lengths in excess of 500m,” Boyes says.
“A geophysical induced polarisation gradient array and pole-dipole is scheduled to commence in early to mid-October over key areas of known gold and antimony mineralisation, in conjunction with mapping and sampling of new targets delineated within the soil geochemical program area.”
As previously reported, exploration drilling is continuing at Alice River, with drilling focusing on testing high-priority geophysical targets at the White Lion prospect.
In August 2025, Pacgold entered into a farm in agreement with Hardrock Mineral Exploration to acquire St George.
Under the agreement, the company will pay $200,000 in cash and issue 10 million shares. Pacgold will make further payments over three stages, upon achieving certain milestones.
The St George Project, covering 905km2, hosts a historical antimony mine that has produced 60 tonnes grading 60% antimony from artisanal open cut and underground workings. No modern drilling has been undertaken on the project.
Pacgold will be attending this year’s Noosa Mining Investor Conference, held between 12-14 November 2025, at the Peppers Noosa Resort. Mining.com.au is a media partner for this year’s event.
Write to Aaliyah Rogan at Mining.com.au
Images: Pacgold
