Pacgold Limited (ASX:PGO) announced that they have begun an exploration programme at the St George Antimony Project, with extensive regional mapping and geochemical soil sampling underway and first-pass geophysics being designed over areas of known mineralization. This is all to happen before they begin the first pass drilling phase at the project.
Matthew Boyes, Managing Director of Pacgold commented, “Pacgold is advancing its exploration momentum with maiden drilling underway at the compelling White Lion Prospect, as part of ongoing exploration at the Alice River Project, and now field activities commencing at the St George Gold-Antimony Project.
“Our first visit to the St George site was extremely encouraging with evidence of significant 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.
“A geochemical sampling crew is now onsite and has commenced a large regional soil programme, which is the first large scale systematic exploration undertaken on this tenement package in modern times.
“A geophysical IP 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 programme area.
“The number of mineralised outcropping structures is very impressive and within a very extensive land package I fully expect multiple new targets to be delineated with this first pass exploration programme, and we are aiming to drill its first holes into St George before the year’s end.”
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