Pacgold Limited has completed its maiden reverse circulation drilling program at the St George gold-antimony project in North Queensland, returning shallow, high-grade antimony intercepts that suggest a larger mineralised system may exist at depth. The nine-hole campaign, totalling 826 metres, tested only 200 metres of a mineralised trend that extends for more than a kilometre.
Standout results from the final seven holes include 1 metre at 12.8 per cent antimony from 41 metres downhole, and 3 metres grading 1.6 per cent antimony from 67 metres, including a 1-metre section at 4.4 per cent antimony. Gold was also intersected, with 8 metres at 0.7 grams per tonne gold from 45 metres, and 7 metres at 0.5 grams per tonne gold from just 4 metres depth.
Seven of the nine holes returned anomalous antimony or gold, indicating a high strike rate for the initial program. The quartz veins remain open along strike to the north and south, and down dip, providing significant upside for future drilling. The company noted widespread sericite alteration in the host sandstone and shale, pointing to a fertile hydrothermal system.
Historic records show the area produced about 60 tonnes of ore grading 60 per cent antimony from open pit and underground workings in the 1960s. Pacgold's tenure sits within a 20-kilometre structural corridor that hosts additional gold-antimony prospects, including Fence and Ridgeline.
Managing Director Matthew Boyes said the results confirm a large mineralised system that has only just begun to be explored. The company plans to return to St George in the June quarter with an expanded drill program targeting extensions beneath historic workings and regional targets.
