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Highlights:

  • PNT intersects 6m at 11.99g/t Au, including 3m at 22.35g/t Au at Burtville East
  • Pacgold continues to define new mineralisation along strike from historical gold zones
  • PNT trading down 26.67% to AUD 0.011 despite latest high-grade gold assay results

Pacgold Limited (ASX:PNT) has announced the latest drill results from its 2025 exploration campaign at the Burtville East project in Western Australia, returning multiple high-grade gold intercepts across several reverse circulation (RC) drill holes. The campaign aimed to follow up on earlier results and test mineralisation along strike, as well as gather data for future metallurgical work and assess shallow mining potential.

A total of 1,639 metres of RC drilling was completed, with key results including:

  • 25BEP02: 6 metres at 11.99g/t gold (Au) from 28 metres, including 3 metres at 22.35g/t Au from 38 metres
  • 25BERC17: 1 metre at 13.05g/t Au from 10 metres, and 11 metres at 7.72g/t Au from 27 metres, including 5 metres at 15.58g/t Au and 1 metre at 35.9g/t Au
  • Additional intercepts included:
    • 25BEP03: 1m at 2.05g/t Au from 39m
    • 25BERC01: 4m at 1.32g/t Au from 35m
    • 25BERC02: 6m at 4.14g/t Au from 61m

These results build upon previously reported high-grade hits from the 2024 drill program and earlier campaigns, including:

  • 24BERC06: 6m at 28.66g/t Au from 44m, including 1m at 127.00g/t Au
  • BVE006: 15m at 53.94g/t Au from 27m, including 1m at 478.00g/t Au
  • 24BERC08: 8m at 15.29g/t Au from 68m, with 1m intervals up to 56.00g/t Au

The recent drilling was designed to validate extensions to known mineralisation, contribute data for a potential Mineral Resource Estimate (MRE), and assess the potential for near-surface mining by investigating historical voids.

The company has confirmed that the geological model for Burtville East is now being updated based on the new intercepts, with a view to outlining a maiden Mineral Resource Estimate. 

Managing Director and CEO Daniel Tuffin noted that while delays in assay turnaround times have affected much of the Western Australian exploration sector, the latest results reinforce the presence of consistently high-grade zones and justify ongoing exploration and evaluation work.

Burtville East has previously yielded what the company describes as "bonanza-grade" hits, with historical drilling recording some of the highest assays across the project tenure. However, PNT shares were trading 26.67% lower at AUD 0.011 on 9 July 2025.

Pacgold Limited is an Australian gold exploration company focused on advancing high-grade gold prospects in Western Australia. The company’s Burtville East project is located in the Laverton Tectonic Zone, an established gold-producing region that hosts several active operations.

The company plans to continue refining its geological understanding of the Burtville East system as new data becomes available. A scoping study may follow once a maiden resource is defined, subject to results and development priorities.