PC Gold Reports Nearly AU$22 Million in Cash at June Quarter End

MT Newswires Live

Jul 29

PC Gold (ASX:PC2) held cash of AU$21.7 million at the end of the June quarter, according to a Wednesday Australian bourse filing.

The company said it completed 8,653 meters of diamond drilling at its Spring Hill Gold Project in Australia's Northern Territory over the quarter, expanding the Link Zone prospect, with its mineral resource estimate lifted 84% to 43.6 million tonnes at 1.1 grams per tonne (g/t) gold for 1.5 million ounces at a 0.5 g/t cut-off.

The company's shares rose almost 2% in recent Wednesday trade.

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