PC Gold Ltd has identified a new high-grade target outside the Mineral Resource Estimate at the Spring Hill Gold Project in the Northern Territory, returning a composite channel sample of 20.35 metres at 13.04 grams per tonne gold from the historical Southern Adit.

Channel sampling along the historically excavated mineralised strike reported individual 1-metre sample results reaching up to 74.8 g/t Au. Additional high-grade results inside the resource estimate also reported grades significantly higher than those in corresponding areas of the block model.

The adit extends for 190 metres of development, with LiDAR imagery indicating approximately 150 metres of further strike trending north toward the Main Adit and Middle Zone of the resource. The Southern Adit lies 262 metres along strike south of the historical Main Adit, which produced 21,170 ounces at an average grade of approximately 30 g/t Au.

The target area remains untested by drilling. PC Gold is preparing for drill planning, with testing of the high-grade target scheduled to begin in late September 2026.

“The Southern Adit represents our third high-grade domain of mineralisation at Spring Hill, with historical channel sampling returning 20.35m at 13.04g/t Au entirely outside the current MRE.”

“Alongside the refurbishment of the Main Adit and ongoing extension drilling at Link Zone, we are effectively testing three high-grade domains across the Project at once.”

— Ashley Pattison, Executive Chairman

The Spring Hill deposit hosts an interim Mineral Resource Estimate of 43.6 million tonnes at 1.1 g/t Au, containing 1.51 million ounces of gold. The company is advancing technical workstreams for a pre-feasibility study concerning a 3-million-tonne-per-annum carbon-in-leach processing plant at Spring Hill, with study delivery targeted for late in the fourth quarter of calendar year 2026.

Read the full announcement: Southern Adit Reveals Third High Grade Target at Spring Hil