PC Gold Says Northern Territory Gold Project Drilling Outperforms Model Expectations, Shares Fall 5%

MT Newswires Live

08/24

PC Gold (ASX:PC2) said five additional diamond drill holes, part of an ongoing resource enhancement program, at the Spring Hill gold project in the Northern Territory, outperformed model expectations, according to a Monday Australian bourse filing.

It encountered intercepts of two meters at 8 grams per tonne grade of gold from 189 meters, 2.97 meters at 6.13 g/t grade of gold from 149.61 meters, as well as three meters at 4.86 g/t grade of gold from 298 meters.

Its shares fell 5% in recent trading on Monday.

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