Pacgold (ASX:PGO) has begun a first-pass reverse circulation drilling program at the St George Gold-Antimony Project in northeast Queensland.
The program, comprising nine holes for 900m, will test the St George prospect, with the Fence and Ridgeline prospects slated for drilling in 2026.
Drilling is targeting high-grade gold-antimony zones that have been delineated via rock chips and mapping over a 10km strike length.
Pacgold expects to complete drilling within two weeks, with assays to be received within six weeks.
Managing Director Matthew Boyes says rock chip sampling confirmed the presence of “extremely high-grade” zones, and this program will test the potential.
“St George is emerging as a compelling new opportunity within our portfolio,” Boyes says.
Earlier this year, Pacgold entered into a farm-in agreement with Hardrock Mineral Exploration to acquire the St George Project. The company paid $200,000 cash and issued 10 million shares.
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 is an Australian mineral explorer with gold projects in Queensland and South Australia.
The company presented on day one of last week’s Noosa Mining Investor Conference, held between 12-14 November 2025, at the Peppers Noosa Resort. Mining.com.au was again a media partner for this year’s event.
Write to Aaliyah Rogan at Mining.com.au
Images: Pacgold
