This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

PGO - Pacgold Limited

Jump to new
Pacgold announced today their Quarterly Activity Report. In there report they boast highly in regards to there strike potential in there F1a system they are exploring. I too speak highly into regards of its potential with confidence for the future of PGO...

Look forward for drilling to commence in a couple of week after fund raiser.

F1a Zone – Strike Potential Drilling success to date and confirmation of our mineralisation model unlocks enormous scope on the Project, with significant potential for the system to define a large-scale resource. Shallow gold mineralisation is now clearly defined over >3.5km of strike, encompassing the Central and Southern targets, which lie within an encompassing >30km-long, highly prospective structural corridor containing several regional gold prospects with encouraging limited historical scout drilling...

 
Pacgold have announced that drilling is to commence on there highly regarded F1a Zone @ Alice River. They have completed their entitlement offer. I must admit share price was expected to fall to 0.63c as per offering. Interested to see how it all pans out now that drilling is to re=commence...Strong investor confidence...





The New Shares will be issued under the Entitlement Offer on 16 May 2022 and are expected to commence
trading on ASX on 17 May 2022. The New Shares to be issued under the Entitlement Offer will rank equally
with existing ordinary shares on issue.

 
I'm back into PGO (below placement price of 0.63c)

RC drilling underway and diamond drilling commences very soon.

Aggressive drilling campaign with a 3rd rig coming soon.

They are planning to drill down to 400m, possibly 500m in places to see if the Gold grades continue at depth!

Cashed up and fully funded to drill for the next 18 month's.

Pacgold Ltd (ASX:PGO) Share Price - Market Index

Today's PGO share price, stock chart and announcements. View dividend history, insider trades and ASX analyst consensus.
www.marketindex.com.au
 
If your been following PGO for a while, they have been having success, with significant results previously with their hunt for gold, drilling at Alice River Queensland. Exploring a system they call the F1a Zone. After a pause in drilling the exploration, because it is financially driven they had a fund raiser, raising around 7.8m to fund further drilling for the containment of their exploration.
After the success of previous drilling exploration and fund raiser they are back on track, when they recommenced operations, around a month ago. I'm watching this miner closely with strong confidence they will be back in with the goods. Their target zone has good property value and worth a parcel in my view. Have announced today;
Step out drilling has intersected their highly regarded target zone

 
PGO are never short on boosting about their entitlements, or success of exploration if you will. Announcing today a Investors Presentation to boost morel respect and confidence with investors. I guess they may need to as share price falls a couple of days in a row, breaking support of 0.62c under the pressure of the resent market crash, I would think.
i must say I'm buying a ticket to hearing of success in a few weeks or more, they are certainly confident there site is overlooked?



 
Last edited:
I just watched them present as speak at the Gold Events 2022 conference, they're kind of local for me as I live in Cairns
 
Pacgold (PGO) haven't let investors down after significant strikes last year, and exhausting exploration funds. They appear back in business 2022 with further Gold intersected at Alice River Project. Announcing today there expanding there F1a drill programme after this newly but expected intersection, interesting to see how share will be reacting in the coming months...



 
I've been expecting bigger and better things from PGO this financial year, only to be let down after announcement earlier in the month of further Gold Intersected at there F1a Zone they are exploring. Share Price has taken a nose dive from 0.66c to 0.46c for the month. A bit disappointing considering the hype they have been ramping up over the significance of there site and its potential.
I guess it goes with the saying "Don't look a gift horse in the mouth"...

 
PGO appeared to be exhausted and have no were to turn. Share Price suffering since latest exposer to gold. I was expecting an healthy upkeep of the stock since than, but not much to prevail. reaching out today to investors with a power point presentation of "Unlocking the entire corridor" . Still have high hopes for this excavation, but it is showing little hope. "All the best Pacgold"

 
Stockybailz said:
I fear trepidation on the back of the forth coming announcement. Good luck to Pacgold Interesting to see what prevails?
Click to expand...
PGO coming out with the goods after trading halt. Announcing large quantity's of gold intersected @ Alice River. That's all good but here's where the trepidation comes into play. A lot of positivity coming out of this exploration, but really not a lot to show for it on the charts and pictures. I'm no stock trading expert, to be honest I know the bear mini min and what integers me is that there finding this gold but its only in specs if I may. The most influential aspect is that "How do they go about extracting these specs and at what cost"? But that's another story. They need to find something more substantial. Interesting to how PGO performs from here. Up over 20% today but can it hold momentum. One for the books!



 

This is a quartz vein style of deposit so you would almost expect some visible gold, but it's the volume of those hits that's impressive. Most cores in something like an intrusion / porphyry you can't even see the gold. But, since this is in a vein, it might not be as consistent as other deposits. It needs to be drilled out more to see the continuity of grade.

What it looks to be confirming is that it'll have multiple stacked high grade shoots, similar to TIEs deposit. There was a question over their deposit for a long time due to this. They are comparing this to Nova Gold's Donlin deposit in Alaska. Might pay to check that out for a comparison of the geology.
 



PGO showing high potential to regain confidence and rebound back to 52wk highs of $1.00 sitting on 0.585. Taking on the regulators for respect. Interesting to see how share price acts after announcing discovery today. Expecting good things from PGO in the future...

 

Pacgold (ASX:PGO) hits 21.4 g/t gold at F1a Zone

Pacgold (ASX:PGO) has intersected up to 21.4 grams per tonne (g/t) gold from the F1a Zone within its Alice River Gold project in North Queensland.
themarketherald.com.au
Pacgold (PGO) has intersected up to 21.4 grams per tonne (g/t) gold from the F1a Zone within its Alice River Gold project in North Queensland.

To date, Pacgold has drilled 30 reverse circulation (RC) and diamond holes at the project, with a focus on the F1a Zone.
 
You must log in or register to reply here.

Similar threads

RAP - Raptor Resources
Replies
1
Views
708
Dona Ferentes
SS1 - Sun Silver
2
Replies
27
Views
5K
Sean K
NGX - NGX Limited
Replies
4
Views
1K
Sean K
AUG - Augustus Minerals
Replies
5
Views
2K
Dona Ferentes
T88 - Taiton Resources
Replies
1
Views
838
Dona Ferentes
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...