en.Wedoany.com Reported - PC Gold (ASX:PC2) has received further assay results from drilling at the Macau Link Zone of the Spring Hill Gold Project in the Northern Territory, revealing multiple high-grade gold mineralized intervals.
The company obtained results from three additional up-dip holes in the Link Zone, including 9.5 meters at 3.04 g/t gold from 189.6 meters, 6 meters at 5.16 g/t gold from 209.6 meters, 5.2 meters at 3.12 g/t gold from 174 meters, and 5 meters at 2.86 g/t gold from 190.2 meters.
PC Gold also intersected 6.1 meters at 2.06 g/t gold from 200.9 meters in the Link Zone mineralization, and encountered additional broad near-surface and high-grade mineralized intervals at the Hong Kong Lode. Assay results from two holes in the Link Zone are still pending.
The recently identified Macau footwall lode also returned results, including 22 meters at 2.60 g/t gold from 164 meters, 4 meters at 1.68 g/t gold from 105.8 meters, and 2.8 meters at 9.99 g/t gold from 126.4 meters.
These drilling results will not be included in the resource estimate currently being finalized. PC Gold stated that these results indicate additional resource growth potential beyond the upcoming update. Executive Chairman Ashley Pattison noted that these results will not form part of the mineral resource estimate currently being finalized, and together with further drilling planned this year, provide a platform for future resource growth. The company holds over A$22 million in cash, with four drill rigs currently operating at Spring Hill, entering what is expected to be the most active exploration season.
The company is advancing a four-rig campaign at Spring Hill, including three diamond rigs and one reverse circulation (RC) rig, along with a 20,000-meter RC drilling program targeting resource growth and conversion across multiple exploration target areas. Two diamond rigs will test extensions of the Main Zone and Link Zone, while a third diamond rig will target deeper mineralization at Hong Kong and Macau.
PC Gold has agreed to acquire an exploration license adjacent to the Spring Hill project, expanding the company's landholding by approximately 68 square kilometers. The exploration license secures tenure along strike and east of Spring Hill. Pattison said that in addition to drilling aimed at extending known high-grade zones, the company has also commenced a deeper drilling program and is testing a range of regional targets across the project area.
PC Gold is a gold exploration and development company focused on advancing the Spring Hill Gold Project in the Northern Territory.
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