Pacgold (ASX:PGO) has announced initial assay results from the 825m maiden reverse circulation drill program completed in November at the St George Gold-Antimony Project in northeast Queensland.
Initial assays from the first two holes intersected multiple thick continuous structures of high-grade antimony. The results from the remaining seven holes are expected in early 2026.
Key highlights include 8m @ 2.3% antimony from 16m downhole, including 1m @ 4.2% antimony from 19m and 1m @ 11.9% antimony from 22m from hole SGRC001.
Managing Director Matthew Boyes says that the results are an “excellent validation of the project’s antimony potential,” confirming high-grade antimony below surface and with strong continuity.
Importantly, these results sit within a rapidly emerging, province-scale antimony opportunity, with geochemical anomalies and mapped surface mineralisation now defined over more than 20km of strike across the St George tenement package,” Boyes says.
“With assays pending on seven additional holes completed, and multiple priority targets identified at Ridgeline, Fence, and Big Watson, the company is well positioned to systematically advance drilling, geophysics, and surface sampling as we continue to assess the full scale of this newly defined antimony district.”
Drilling will move next to the Fence and Ridgeline Prospects, following heritage clearance and drill approvals.
The company sees the antimony potential as a strategic opportunity, with its growing focus as a critical mineral and with prices currently at the US$50,000 per ton mark.
Pacgold is advancing exploration targets, with a focus on the St George Gold-Antimony Project and Alice River Gold Project in Queensland.
Write to Amy Rotman at Mining.com.au
Images: Pacgold
