Australia's Pacgold jumps most in over 2 yrs; starts drilling in Queensland
17/09/2024 06:48
Sept 17 (Reuters) - ** Shares of Pacgold Ltd
PGO.AX gain as much as 33.3% to A$0.12, marking biggest
intraday pct gain since early Sept. 8, 2022
** Stock hits its highest level since Aug. 7
** The gold explorer says it is set to launch an aircore and
reverse circulation drilling programme at its Alice River Gold
Project in North Queensland
** Adds programme to test 14 km of geophysical and
structural targets and identify multiple drill targets for the
2025 exploration season
** Stock down ~36.8% YTD as at 0546 GMT, underperforming the
ASX 300 Metals & Mining sub-index .AXMM , which is down ~19%
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com;))