Key highlights

  • Assays for 22 of 32 RC holes extended the Eastern Lode, Macau Extended and a new North Link zone north of the Mineral Resource.
  • Results include 2 m at 10.03 g/t Au in XRC021 and 8 m at 3.64 g/t Au in XRC022.
  • Macau Extended is now defined over 950 m of strike, with mineralisation outcropping at surface.

PC Gold Ltd (ASX:PC2) announced on 13 October 2026 assay results for 22 of the 32 reverse circulation (RC) holes drilled to date at its 100%-owned Spring Hill Gold Project near Pine Creek in the Northern Territory. The drilling, totalling 5,340 m in the reported holes, targeted zones north of the 1.51 Moz Mineral Resource Estimate within the Lasagne area. Assays for the remaining ten holes are pending.

Eastern Lode and North Link

The company says drilling extended three lodes along strike outside the resource: the Eastern Lode, Macau Extended and a North Link zone that strikes north-east to south-west and connects the other two. XRC022 returned 8 m at 3.64 g/t Au from 79 m and 18 m at 0.90 g/t Au from 90 m, including 4 m at 2.97 g/t Au. XRC021 returned 2 m at 10.03 g/t Au from 92 m, and XRC018 returned 2 m at 7.08 g/t Au from 98 m.

On the North Link, XRC006 returned 3 m at 7.94 g/t Au from 106 m and XRC004 returned 3 m at 6.95 g/t Au from 160 m, about 50 m from earlier hole SDH25-009. The company says the North Link shares the orientation, lithology and high grades of the Spring Hill Link Zone.

Macau Extended

Macau Extended is now defined over 950 m of strike, with mineralisation outcropping at surface. XRC014 returned 12 m at 1.88 g/t Au from 1 m, XRC002 returned 13 m at 0.56 g/t Au from 11 m and XRC015 returned 5 m at 0.87 g/t Au from 16 m.

Drilling spacing

The company notes that drilling was carried out on wide spacing, yet there was enough continuity to generate targeting wireframes for further infill and extension drilling. It describes the North Link as thin but high-grade and says further drilling is needed to define its plunge.

Risks shareholders may weigh

Ten holes remain unreported, and wide spacing means continuity between holes is not yet established. The North Link is described as thin, which may affect scale, and these extensions lie outside the current resource. Results are reported in downhole metres.

Gold prices, funding, approvals and the outcome of infill drilling may also affect progress toward an updated resource and any transition toward production.

What's next

PC Gold lists next steps as drill planning for infill drilling on all three lodes for inclusion in the next resource estimate, diamond drilling to support structural interpretation and better targeting, and investigation of further occurrences of Link-style high-grade mineralisation to the north.