Australia's Pacgold Produces Second Gold Bar of Approximately 97 Ounces at White Dam Project
2026-06-26 14:04
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en.Wedoany.com Reported - Pacgold has completed its second gold bar pour at the White Dam Gold Project in Olary Province, South Australia, producing a gold bar weighing approximately 97 ounces.

The raw material for this pour came from material leached in the first aeration zones on both the east and west sides of the heap leach pad. Currently, re-crushing operations at the White Dam Project continue, with 120,000 tonnes of material processed and entering the spray phase, while an additional 50,000 tonnes are scheduled to be added to the spray circuit before the end of this month. High-grade leach solutions have been detected at the base of the re-crushed material, and newly leached gold solutions have not yet returned to the bottom of the heap leach pad but are expected to appear in the coming weeks.

Drilling at the northern part of White Dam has commenced, with 700 meters completed so far, and the remaining drilling tasks are planned to be finished by mid-July. Pacgold Managing Director Matthew Boyes stated that the second gold bar pour has generated additional cash flow, and as production capacity increases, the confirmation of good grades in the upper layers of the re-crushed material is also positive news. He looks forward to these leach solutions reaching the plant and being recovered in subsequent pours.

The 3,000-meter reverse circulation drilling program at the Vertigo prospect has been completed, aimed at expanding resource volume and supporting the acceleration of mining operations. The company has engaged Entech to conduct an updated mineral resource estimate, while Entech is also performing open-pit optimization, new mine design, and cash flow calculations. Pacgold is considering the possibility of restarting the Vertigo open pit earlier than originally planned, potentially advancing the production timeline to the end of 2026 instead of the originally scheduled mid-2027. This accelerated timeline focuses on accessing fresh oxide ore from the northern and eastern parts of the Vertigo open pit.

Plans for expanding the heap leach pad are also progressing, with design work nearing completion and the final design expected to be finished by the end of July. Construction is scheduled to begin in the fourth quarter of 2026, subject to obtaining necessary approvals. Currently, the heap leach pad can accommodate an additional 800,000 tonnes of ore without requiring extra permits or capital expenditure. Last month, Pacgold reported the first gold bar pour and production of the first gold bar at the White Dam Gold Project.

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