Pacgold reports it has intercepted thick, shallow gold mineralisation just outside its Vertigo resource at a project in South Australia. According to multiple outlets, the results indicate the gold body is both thicker than expected in the reported area and located close enough to the surface to be considered shallow. The company says the new mineralisation is likely to increase the total contained ounces by adding to the existing resource footprint. The reporting also suggests the findings could support extending the current open pit design, although the exact size of any extension is not specified in the summaries provided. Overall, the coverage is consistent that the discovery is incremental to the Vertigo resource and is focused on enhancing and potentially expanding open-pit development. None of the sources provided additional detail on grades, drill results, timing, or financial implications beyond the expectation that the new material could add ounces and extend the pit. The statements are presented as results from exploration drilling that define mineralisation near the existing resource boundary.
Pacgold reports thick, shallow gold outside Vertigo resource in South Australia
Pacgold reports it has intercepted thick, shallow gold mineralisation just outside its Vertigo resource at a project in South Australia. According to multiple outlets, the results indicate the gold bo...
- Pacgold intercepts thick, shallow gold mineralisation outside its Vertigo resource in South Australia.
- The results are reported to be close enough to the surface to suit open-pit development.
- Pacgold expects the new mineralisation to add ounces to the existing resource.
- The findings could potentially extend the existing open pit.
- Multiple outlets describe the discovery as an extension beyond the current Vertigo resource boundary.
Pacgold has hit thick, shallow gold mineralisation just outside its Vertigo resource in South Australia, with results likely to add ounces and potentially extend the existing open pit.
3 months agoPacgold has hit thick, shallow gold mineralisation just outside its Vertigo resource in South Australia, with results likely to add ounces and potentially extend the existing open pit.
3 months agoPacgold has hit thick, shallow gold mineralisation just outside its Vertigo resource in South Australia, with results likely to add ounces and potentially extend the existing open pit.
3 months ago
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