PAC GOLD ALICE RIVER PROJECT IDENTIFIES HIGH GRADE TARGET OVER 1.4 KILOMETRES STRIKE LENGTH AT THE POSIE PROSPECT

High grade rock chip samples define a 1.4 klms zone and still open at both ends with results returning up to 46.2g/t Au with an average of 4.4g/t Au from 65 samples. A new IP Geophysical survey defines a compelling structural target over 2 klms in length within a 200m wide zone encompassing the exposed veining and trend and mostly concealed by shallow cover.

The PAC Gold Managing Director, Tony Schreck, said “the Posie Prospect represents another overlooked opportunity along the 30klms Alice River Gold trend. exploration by PAC Gold and is undertaking the first exploration programs at this prospect in the past 26 years.