#ExplorationFunding

[colitcomediasblog]

Pacgold Secures $5.6 Million to Accelerate Alice River Gold Exploration

Pacgold Limited (ASX: PGO) has successfully raised $5.6 million to advance exploration at its flagship Alice River Gold Project in North Queensland. The capital raise, conducted through a two-tranche placement, attracted strong participation from institutional and sophisticated investors, underscoring confidence in Pacgold's strategic direction and the project's potential.

Pacgold's Alice River Gold Project encompasses a 30 km gold-bearing shear zone within a 377 km² area of granted exploration permits and mining leases. The project is situated within a high-grade epithermal gold system, historically underexplored, and has shown promising results in recent drilling campaigns.

[colitco]

Pacgold Secures $5.6M to Fast-Track Alice River Gold Exploration in QLD

Pacgold Limited (ASX:PGO) has raised $5.6 million via a two-tranche placement to supercharge exploration at its 100%-owned Alice River Gold Project in North Queensland.

ASX:PGO is trading at $0.064.

Key Milestone: $5.6M Placement to Accelerate Exploration

✅ Strong institutional & sophisticated investor participation

⛏️ 20,000m+ drilling planned across RC, diamond & aircore programs

🎯 Focused on expanding known mineralisation & defining new targets

💬 Directors to participate, subscribing to $200K — strong internal confidence

🔄 Free attaching options + broker support reflect robust market interest

💸 Backed by a strong gold market — gold at USD $3,304/oz (+41.6% YoY)

Management Insight:

Matthew Boyes, Managing Director:

“With a quality team and exploration programs now underway, we look forward to an exciting year at Alice River.”

Why This Matters:

A well-funded junior explorer, expanding its footprint in one of Australia’s most prolific gold provinces. The stage is set for discovery, resource growth, and value creation in 2025.

✨ High-impact drilling. Bullish gold tailwinds. Pacgold is on the move.

⚠️ This is not investment advice. Please do your own research before making any investment decisions.

Read More - https://colitco.com/pacgold-secures-5-6-million-alice-river-gold-project/

Also Visit - https://crafmin.com/pacgold-raises-5-6m-to-expand-alice-river-exploration/

[christinamac1]

Nuclear and space lobbies increase their grip on universities, a new example in UK

Bangor University in Wales will develop a nuclear thermal fuel system tosupport deep space exploration with funding provided by the UK SpaceAgency. It is one of eight projects receiving a total of GBP1.6 million(USD1.9 million) in funding through the agency’s Enabling Space Explorationfund.  World Nuclear News 7th March…