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19. November 2025
Pacgold Unleashes Newfound Prosperity As Drilling Commences At St George Gold-Antimony Project In Australias Booming
Pacgold has commenced its maiden drilling program at the St George gold-antimony project in north-east Queensland, Australia, marking a significant milestone in the exploration of this promising gold-antimony deposit. Located approximately 70km west of Mt Carbine in North Queensland, the St George Gold-antimony project encompasses a tenement package totaling 905km² within the emerging Hodgkinson antimony province.
This region has garnered attention from mining companies due to its rich geological history and significant mineral deposits, including gold and antimony. The planned initial drilling phase consists of nine holes, which will total approximately 900m in length. The completion of this phase is expected to take place within two weeks, with assay results anticipated six weeks later.
The maiden drilling program is designed to test the depth extent of high-grade gold and antimony-bearing veins, particularly within a 1km strike zone at the St George antimony mine. Rock chip sampling and mapping have previously outlined extremely high-grade mineralization at surface along approximately 10km of strike length, providing Pacgold with a solid foundation to proceed with drilling.
The drill targets are structurally controlled veins carrying gold and antimony, which are concentrated in a specific geological setting presenting an attractive opportunity for Pacgold to extract these minerals. The potential to generate significant revenue through the sale of gold and antimony makes this project compelling.
Pacgold managing director Matthew Boyes has expressed his enthusiasm for the commencement of this drilling program, stating that it marks an exciting new phase for the company. He noted that recent rock chip sampling has confirmed the presence of extremely high-grade gold-antimony zones, which will be tested by this first-pass reverse circulation (RC) program.
Boyes highlighted the potential of St George as a compelling new opportunity within Pacgold’s portfolio, emphasizing the company’s commitment to updating shareholders as results begin to flow. The St George Gold-antimony project is situated in an emerging region with significant mineral potential, presenting a unique opportunity for Pacgold to tap into this growing market.
Pacgold holds the right to earn up to a 100% interest in the project through a three-stage farm-in agreement, providing a clear framework for the company to explore and develop the St George Gold-antimony project, should it prove economically viable. The company also has prospective projects in both North Queensland and South Australia, demonstrating its dedication to discovering new mineral deposits and expanding its portfolio of assets.
In May this year, Pacgold revealed a maiden indicated and inferred resource for the Alice River gold project in the southern Savannah Province in North Queensland. This significant discovery further demonstrates the company’s ability to identify promising mineral deposits and extract valuable resources from these regions.
As Pacgold proceeds with its exploration activities, it is essential to consider the broader implications of its actions. The growing interest in mining companies and their exploration efforts has led to increased scrutiny of environmental and social impacts. Pacgold must navigate this complex landscape while maintaining its commitment to responsible mining practices.
The commencement of Pacgold’s maiden drilling program at St George marks an exciting new phase for the company, with significant implications for the mining industry and regional economies. As this project progresses, it will be essential to monitor developments closely, providing insights into the potential economic viability of this gold-antimony deposit and its broader impact on Pacgold’s portfolio.
The future of Pacgold’s exploration activities and the St George Gold-antimony project will undoubtedly be shaped by its ability to balance economic viability with environmental and social responsibility. With a focus on mineral exploration, responsible mining practices, and a commitment to exploring emerging markets, Pacgold is well-positioned to navigate the complexities of this industry.
The significance of the St George Gold-antimony project lies in its potential to tap into emerging markets and expand Pacgold’s portfolio of assets. By proceeding with its drilling program, the company can gain valuable insights into the economic viability of this deposit and make informed decisions about its exploration activities moving forward.
In addition to the St George Gold-antimony project, Pacgold has a range of other prospective projects in North Queensland and South Australia. The company’s commitment to exploring these regions underscores its dedication to discovering new mineral deposits and expanding its portfolio of assets.
The growth of the mining industry is closely tied to the exploration efforts of companies like Pacgold. As this industry continues to evolve, it is essential for companies like Pacgold to remain adaptable and focused on responsible mining practices. By doing so, they can ensure a sustainable future for themselves and contribute to the economic development of regions where they operate.
Pacgold’s decision to explore the St George Gold-antimony project presents a unique opportunity for the company to tap into emerging markets and expand its portfolio of assets. With a focus on mineral exploration, responsible mining practices, and a commitment to exploring these regions, Pacgold is well-positioned to navigate the complexities of this industry.
The potential economic implications of Pacgold’s exploration activities will undoubtedly be significant. As the company proceeds with its drilling program, it is essential to consider the broader implications of its actions and ensure that its exploration efforts are aligned with its commitment to responsible mining practices.
Pacgold’s exploration activities have the potential to contribute significantly to regional economies and the growth of the mining industry. By proceeding with its drilling program at St George, the company can make a meaningful contribution to this growth and demonstrate its commitment to responsible mining practices.
The future of Pacgold’s exploration activities will undoubtedly be shaped by its ability to balance economic viability with environmental and social responsibility. As the company proceeds with its drilling program, it is essential to monitor developments closely and provide insights into the potential economic viability of this gold-antimony deposit and its broader impact on Pacgold’s portfolio.