Pacgold (ASX:PGO) intends to upgrade the resource estimate of the White Dam Gold Project in South Australia, returning ‘high-grade’ intercepts from ongoing resource drilling.
To date, the company has completed 85% of the drilling campaign, with 123 holes for 8,003m, since beginning in late November 2025. Assays from 30% of samples have been received, confirming the resource estimate block model.
Results include 15m @ 1.6 grams per tonne gold and 0.48% copper from 56m, 9m @ 2.1g/t gold and 0.57% copper from 65m, and 14m @ 0.7g/t gold and 0.03% copper from surface.
The company has now activated a second rig on site for metallurgical testing and grade estimation on the remaining ore at the existing heap leach pad.
Managing Director Matthew Boyes says Pacgold is currently focused on “rapidly advancing” the White Dam asset with resource drill-outs.
“Concurrently, we are looking to firm up potential shallow, low-cost, and easily accessible ore. By bringing this ore forward in our mine optimisation and schedules, we can help reduce early working capital requirements while we strip back the main pits at Vertigo and Hannaford to access these primary orebodies,” Boyes says.
“Once each pit has been drilled to our satisfaction, new resource models and pit optimisation studies will be completed. The company is targeting early Q3 2026 to finalise this work.
“Subsequently, we can move forward with our permit submissions to mine the White Dam North resource and expand the footprint of the existing Hannaford and Vertigo pit operations.
“2026 has commenced with the team successfully meeting all our goals. With the pad now under irrigation and the re-crush of the final lift set to begin this quarter, we are consistently hitting all our operational milestones.”
Pacgold is an ASX-listed mineral exploration company with projects situated in North Queensland and South Australia.
Write to Maddison Elliott at Mining.com.au
Images: Pacgold
