Pacgold Unearths Promising Gold Prospects, Positions for Production Restart

As of November 14th, 2025, Pacgold Limited has made substantial progress in its exploration efforts across Queensland and South Australia. The company's managing director, Matthew Boyes, states that the recent results have laid a strong foundation for continued discovery at both the Alice River Gold and St George gold-antimony projects.

One of the key highlights is the Jerry Dodds prospect, located southwest of the Southern target. Systematic rock chip sampling has now confirmed a two-kilometer-long trend, including a standout 47.4g/t gold sample. Subsequent RC drilling has further validated shallow gold mineralization across a 1.5-kilometer corridor, which remains open in both directions and at depth.

In addition to the Queensland projects, Pacgold has also acquired the historic White Dam heap-leach gold operation in South Australia. The acquisition, worth up to $3.3 million in cash and 15 million shares, provides the company with a fully-fledged operation just 80 kilometers southwest of Broken Hill. The operation has already produced around 180,000 ounces of gold and comes with a 4.6-million-tonne JORC resource running at 0.7g/t for 102,000 ounces. Pacgold aims to restart gold production and generate early cashflow by re-crushing and retreating the stockpiled material as soon as February 2026.

As the company prepares to resume drilling in March 2026, it has now outlined a remarkable 15-kilometer run of gold-arsenic-antimony anomalism along the Alice River Fault Zone, presenting a wealth of targets and potential for significant resource growth. With the White Lion and Jerry Dodds prospects now firmly in Pacgold's sights, the company is poised to capitalize on these promising discoveries and position itself for a successful production restart at the White Dam project.