Pacgold Limited is onto a Hemi-style intrusive gold play in Queensland, showing surface and geophysical signs stretching for kilometres, which has attracted the smartest guys in the room when it comes to small-cap funds.

Pacgold Limited’s first gold resource at Alice River in Queensland clocked in at 854,000 ounces with aggressive drilling now underway across a 30km strike to chase what could be a multi-million-ounce system.