-1200x645-800x430.jpg)
Pacgold (ASX:PGO) is ramping up development activities at its White Dam gold project in South Australia after recent delays due to a significant weather event.
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.
Key screen and crusher equipment is now on its way to the site after approximately 100 millimetres of rain restricted access to the mine and paused refurbishment of the CIC tanks and other site works for some seven days.
The arrival of an ST 4.1 Metso screen and Metso HP300 cone crusher with a radial stacker is expected this week. MD Matthew Boyes said the recent scheduled arrival of the screen and crusher was well timed.
“With the ST 4.1 Metso screen and HP300 cone crusher scheduled to arrive at the White Dam site shortly, we are well-positioned to commence the re-crush of the heap leach pad’s top lift,” Mr Boyes told Pacgold shareholders today.
“Once running at full capacity, the circuit designed throughput is ~350 tonnes per hour. We expect to reach the design throughput after a standard ramp-up period.
“While the recent heavy rainfall has temporarily restricted site access and paused minor refurbishment works, the safety of our personnel remains our absolute priority. This weather event has caused a short delay in completion of refurbishment works on the several of the CIC columns, although leaching continues and the addition of significant amount of water into the pad and storage ponds is very welcome.
“The plant is scheduled to be back running at full nameplate capacity again after this minor delay, as we continue to ramp up leaching and irrigation capacities.”
Pacgold is now awaiting the receipt of assays from earlier sampling of the top lift of the existing heap leach and LeachWELL test work results.
Outcomes from the leaching tests will enable the company to estimate and disclose forecast production for 2026-2027 from the heap leach re-crush campaign.
In late February, Pacgold announced initial results of a drilling program designed to expand and upgrade the mineral resource estimate (MRE) for the Vertigo area at White Dam. Reverse circulation (RC) drilling to upgrade the MRE was 85% complete at that time, with 123 holes for 8,003m completed.
Infill RC drilling has been undertaken over a strike length of 500m at the Vertigo area to infill and upgrade the shallow gold mineralisation, with results strongly underpinning an anticipated MRE upgrade.
PGO is down -7.41%, to 12.5¢. Mkt cap $58.44M.
Join the discussion: See what HotCopper users are saying about Pacgold Ltd and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.