Pacgold announces new resource estimate at Alice River gold project in Australia
Australian gold exploration company Pacgold has revealed a maiden indicated and inferred resource for the Alice River gold project located in the southern Savannah Province in north Queensland.
Acquired by Pacgold in 2020, the project is strategically positioned at the south-western margin of the Savannah Province, near the Carpentaria Basin's boundary and at the southern end of the Coen Inlier.
Pacgold has reported indicated resources of 5.6 million tonnes (mt) at 1.4 grams per tonne (g/t) gold for 250,000oz gold.
The inferred resources stand at 12.2mt at 1.2g/t gold for 474,000oz gold, which form part of a global resource totalling 26.7mt at 1.01g/t gold for 854,000oz gold.
The current reverse circulation (RC) drilling programme is a priority for Pacgold, aiming to upgrade the inferred resource category ounces.
Approximately 2,000m of the planned 10,000m drilling programme has been completed, initially focusing on the Central Target area.
The programme is expected to expand the known resource footprint and test high-priority targets within the next two quarters.
Pacgold is targeting large-scale, high-grade gold deposits, with the main mineralisation style being intrusions.
Drilling will continue on other deposits in the mineral resource estimate (MRE), including the Southern Target and Posie, before moving on to multiple regional targets such as Jerry Dodds, the Shadows and Victoria.
The company has also planned more than 10,000m of RC and Aircore drilling in conjunction with regional induced polarisation and magnetic geophysical programmes.
Pacgold managing director Matthew Boyes said: 'The maiden MRE at Alice River for Pacgold is a major milestone for the company and is the culmination of some outstanding exploration done by the exploration team over the last four years.
'Having now confirmed the mineralisation style is robust, utilising an interpretation of broader more continuous gold zones, we have been able to demonstrate very large tonnages of gold mineralisation with approximately 500,000oz gold contained within the first 400m from surface making a bulk tonnage open-pit operation an obvious first option.'
"Pacgold announces new resource estimate at Alice River gold project in Australia" was originally created and published by Mining Technology, a GlobalData owned brand.
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28 minutes ago
In the Arizona desert, a farm raising fish raises questions about water use
DATELAND, Ariz. -- Storks scatter, white against blue water, as Dan Mohring's pickup truck rumbles down the dirt road. He's towing a trailer full of ground-up beef, chicken, fish and nutrient bits behind him, ready to be shot out of a cannon into the ponds below. It's time to feed the fish. Mohring fires up the machine and the food flies out in a rainbow arc. Then the water comes alive. Hundreds of thrashing, gobbling barramundi wiggle their way to the surface, all fighting for a piece. Until, in a few months, they will become food themselves. In the desert of landlocked Arizona, where the Colorado River crisis has put water use under a microscope, Mainstream Aquaculture has a fish farm where it's growing the tropical species barramundi, also known as Asian sea bass, for American restaurants. Mainstream sees it as a sustainable alternative to ocean-caught seafood. They say chefs and conscious consumers like that the food has a shorter distance to travel, eliminating some of the pollution that comes from massive ships that move products around the world. And they and some aquaculture experts argue it's efficient to use the water twice, since the nutrient-rich leftovers can irrigate crops like Bermuda grass sold for livestock feed. 'We're in the business of water,' said Matt Mangan, head of Australia-based Mainstream's American business. 'We want to be here in 20 years', 30 years' time.' But some experts question whether growing fish on a large scale in an arid region can work without high environmental costs. That question comes down to what people collectively decide is a good use of water. In Arizona, some places manage water more aggressively than others. But the whole state is dealing with the impacts of climate change, which is making the region drier and water only more precious. The farm uses groundwater, not Colorado River water. It's a nonrenewable resource, and like mining, different people and industries have different philosophies about whether it should be extracted. 'As long as groundwater is treated as an open resource in these rural parts of Arizona, they're susceptible to new industries coming in and using the groundwater for that industry,' said Sarah Porter, director of the Kyl Center for Water Policy at Arizona State University's Morrison Institute. Some scientists believe aquaculture can play a role in protecting wild ocean ecosystems from overfishing. And it might play at least a small role in smoothing any supply problems that result from the Trump administration's tariffs on imports from dozens of countries, including those that send the U.S. about 80% of its seafood, per the United States Department of Agriculture. In the greenhouses at University of Arizona professor Kevin Fitzsimmons' lab in Tucson, tilapia circle idly in tanks that filter down into tubs full of mussels and floating patches of collard greens and lettuce. Fitzsimmons mentored the student who started the tilapia farm eventually bought by Mainstream about three years ago where they now raise barramundi. 'I don't think desert agriculture is going away," he said. 'Obviously, we want to do it as water-efficient as possible." But not everyone agrees it's possible. 'Artificial ponds in the desert are stupid,' said Jay Famiglietti, a professor at ASU and director of science for the Arizona Water Innovation Initiative. He worried about heavy water losses to evaporation. Mangan says that evaporation hasn't been an issue so much as the loss of heat in the wintertime. That has required pumping more water since its warmth when it arrives at the surface helps keep the barramundi cozy. But Mangan says they've been improving pond design to retain heat better and have found, after the last year of research and development, that they can cut their water requirement by about half as a result. Plus, he argues, the water coming out of the fish ponds is "essentially liquid fertilizer," and though it's slightly salty, they use it for crops that can tolerate it, like Bermuda grass dairy cows can eat. But that's supporting the cattle industry, which contributes more than its share of planet-warming greenhouse gas emissions, Famiglietti said. 'Doing two suboptimal things doesn't make it better,' he said. Purple flowers sprout alongside paddle wheels. Fish bones crunch underfoot. The faint odor of brackish water and ammonia catches in the breeze. Without groundwater, none of it would be possible. Some farmers in Arizona rely on water from the Colorado River, but many others use well water to irrigate crops like alfalfa for the dairy industry or the lettuce, cucumbers and melons shipped nationwide year-round. Arizona has seven areas around the state where groundwater is rigorously managed. Dateland doesn't fall into one of those, so the only rule that really governs it is a law saying if you land own there, you can pump a 'reasonable' amount of groundwater, said Rhett Larson, who teaches water law at ASU. What might be considered 'reasonable' depends from crop to crop, and there's really no precedent for aquaculture, an industry that hasn't yet spread commercially statewide. Using numbers provided by Mainstream, Porter calculated that the fish farm would demand a 'very large amount' of water, on par with a big ranch or potentially even more than some suburbs of Phoenix. And she noted that although the water use is being maximized by using it twice, it's still depleting the aquifer. When the company scoped out Arizona to expand, Mangan said they didn't see nearly the same kinds of regulations as back in Australia. As part of its growth strategy, Mainstream is also hoping to work with other farmers in the area so more can use nutrient-rich fish pond wastewater to produce hay. They say a few have expressed interest. The seafood industry needs to reduce its reliance on catching small wild fish to feed bigger farmed ones that humans eat, said Pallab Sarker, an assistant professor at the University of California, Santa Cruz, who studies sustainability in the aquaculture industry. He said seabirds and mammals rely on small species like anchovies and mackerel commonly used in fish meal. 'We should not rely on ocean fish to grow fish for aquaculture to meet the demand for humans,' Sarker said. Mainstream gets its fish feed from two suppliers, Skretting and Star Milling, but Mangan and Mohring said they didn't know for certain where those suppliers got their base ingredients from. Fitzsimmons, of the University of Arizona, also pointed out that between pollution, overfishing and oceanfront development for recreation, the commercial fishing industry had already been facing problems. He doesn't think that Trump's moves this spring to open up marine protected areas for commercial fishing will improve that situation the way aquaculture could. 'We can't keep hunting and gathering from the ocean,' Fitzsimmons said. ___ ___
San Francisco Chronicle
an hour ago
- San Francisco Chronicle
In the Arizona desert, a farm raising fish raises questions about water use
DATELAND, Ariz. (AP) — Storks scatter, white against blue water, as Dan Mohring's pickup truck rumbles down the dirt road. He's towing a trailer full of ground-up beef, chicken, fish and nutrient bits behind him, ready to be shot out of a cannon into the ponds below. It's time to feed the fish. Mohring fires up the machine and the food flies out in a rainbow arc. Then the water comes alive. Hundreds of thrashing, gobbling barramundi wiggle their way to the surface, all fighting for a piece. Until, in a few months, they will become food themselves. In the desert of landlocked Arizona, where the Colorado River crisis has put water use under a microscope, Mainstream Aquaculture has a fish farm where it's growing the tropical species barramundi, also known as Asian sea bass, for American restaurants. Mainstream sees it as a sustainable alternative to ocean-caught seafood. They say chefs and conscious consumers like that the food has a shorter distance to travel, eliminating some of the pollution that comes from massive ships that move products around the world. And they and some aquaculture experts argue it's efficient to use the water twice, since the nutrient-rich leftovers can irrigate crops like Bermuda grass sold for livestock feed. 'We're in the business of water,' said Matt Mangan, head of Australia-based Mainstream's American business. 'We want to be here in 20 years', 30 years' time.' But some experts question whether growing fish on a large scale in an arid region can work without high environmental costs. That question comes down to what people collectively decide is a good use of water. In Arizona, some places manage water more aggressively than others. But the whole state is dealing with the impacts of climate change, which is making the region drier and water only more precious. The farm uses groundwater, not Colorado River water. It's a nonrenewable resource, and like mining, different people and industries have different philosophies about whether it should be extracted. 'As long as groundwater is treated as an open resource in these rural parts of Arizona, they're susceptible to new industries coming in and using the groundwater for that industry,' said Sarah Porter, director of the Kyl Center for Water Policy at Arizona State University's Morrison Institute. Some scientists believe aquaculture can play a role in protecting wild ocean ecosystems from overfishing. And it might play at least a small role in smoothing any supply problems that result from the Trump administration's tariffs on imports from dozens of countries, including those that send the U.S. about 80% of its seafood, per the United States Department of Agriculture. A two-for-one deal? In the greenhouses at University of Arizona professor Kevin Fitzsimmons' lab in Tucson, tilapia circle idly in tanks that filter down into tubs full of mussels and floating patches of collard greens and lettuce. Fitzsimmons mentored the student who started the tilapia farm eventually bought by Mainstream about three years ago where they now raise barramundi. 'I don't think desert agriculture is going away," he said. 'Obviously, we want to do it as water-efficient as possible." But not everyone agrees it's possible. 'Artificial ponds in the desert are stupid,' said Jay Famiglietti, a professor at ASU and director of science for the Arizona Water Innovation Initiative. He worried about heavy water losses to evaporation. Mangan says that evaporation hasn't been an issue so much as the loss of heat in the wintertime. That has required pumping more water since its warmth when it arrives at the surface helps keep the barramundi cozy. But Mangan says they've been improving pond design to retain heat better and have found, after the last year of research and development, that they can cut their water requirement by about half as a result. Plus, he argues, the water coming out of the fish ponds is "essentially liquid fertilizer," and though it's slightly salty, they use it for crops that can tolerate it, like Bermuda grass dairy cows can eat. But that's supporting the cattle industry, which contributes more than its share of planet-warming greenhouse gas emissions, Famiglietti said. 'Doing two suboptimal things doesn't make it better,' he said. Defining a 'reasonable' use of groundwater, a finite resource Purple flowers sprout alongside paddle wheels. Fish bones crunch underfoot. The faint odor of brackish water and ammonia catches in the breeze. Without groundwater, none of it would be possible. Some farmers in Arizona rely on water from the Colorado River, but many others use well water to irrigate crops like alfalfa for the dairy industry or the lettuce, cucumbers and melons shipped nationwide year-round. Arizona has seven areas around the state where groundwater is rigorously managed. Dateland doesn't fall into one of those, so the only rule that really governs it is a law saying if you land own there, you can pump a 'reasonable' amount of groundwater, said Rhett Larson, who teaches water law at ASU. What might be considered 'reasonable' depends from crop to crop, and there's really no precedent for aquaculture, an industry that hasn't yet spread commercially statewide. Using numbers provided by Mainstream, Porter calculated that the fish farm would demand a 'very large amount' of water, on par with a big ranch or potentially even more than some suburbs of Phoenix. And she noted that although the water use is being maximized by using it twice, it's still depleting the aquifer. When the company scoped out Arizona to expand, Mangan said they didn't see nearly the same kinds of regulations as back in Australia. As part of its growth strategy, Mainstream is also hoping to work with other farmers in the area so more can use nutrient-rich fish pond wastewater to produce hay. They say a few have expressed interest. An alternative to wild-caught fish The seafood industry needs to reduce its reliance on catching small wild fish to feed bigger farmed ones that humans eat, said Pallab Sarker, an assistant professor at the University of California, Santa Cruz, who studies sustainability in the aquaculture industry. He said seabirds and mammals rely on small species like anchovies and mackerel commonly used in fish meal. 'We should not rely on ocean fish to grow fish for aquaculture to meet the demand for humans,' Sarker said. Mainstream gets its fish feed from two suppliers, Skretting and Star Milling, but Mangan and Mohring said they didn't know for certain where those suppliers got their base ingredients from. Fitzsimmons, of the University of Arizona, also pointed out that between pollution, overfishing and oceanfront development for recreation, the commercial fishing industry had already been facing problems. He doesn't think that Trump's moves this spring to open up marine protected areas for commercial fishing will improve that situation the way aquaculture could. 'We can't keep hunting and gathering from the ocean,' Fitzsimmons said. ___ ___ The Associated Press' climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP's standards for working with philanthropies, a list of supporters and funded coverage areas at
Yahoo
an hour ago
- Yahoo
In the Arizona desert, a farm raising fish raises questions about water use
DATELAND, Ariz. (AP) — Storks scatter, white against blue water, as Dan Mohring's pickup truck rumbles down the dirt road. He's towing a trailer full of ground-up beef, chicken, fish and nutrient bits behind him, ready to be shot out of a cannon into the ponds below. It's time to feed the fish. Mohring fires up the machine and the food flies out in a rainbow arc. Then the water comes alive. Hundreds of thrashing, gobbling barramundi wiggle their way to the surface, all fighting for a piece. Until, in a few months, they will become food themselves. In the desert of landlocked Arizona, where the Colorado River crisis has put water use under a microscope, Mainstream Aquaculture has a fish farm where it's growing the tropical species barramundi, also known as Asian sea bass, for American restaurants. Mainstream sees it as a sustainable alternative to ocean-caught seafood. They say chefs and conscious consumers like that the food has a shorter distance to travel, eliminating some of the pollution that comes from massive ships that move products around the world. And they and some aquaculture experts argue it's efficient to use the water twice, since the nutrient-rich leftovers can irrigate crops like Bermuda grass sold for livestock feed. 'We're in the business of water,' said Matt Mangan, head of Australia-based Mainstream's American business. 'We want to be here in 20 years', 30 years' time.' But some experts question whether growing fish on a large scale in an arid region can work without high environmental costs. That question comes down to what people collectively decide is a good use of water. In Arizona, some places manage water more aggressively than others. But the whole state is dealing with the impacts of climate change, which is making the region drier and water only more precious. The farm uses groundwater, not Colorado River water. It's a nonrenewable resource, and like mining, different people and industries have different philosophies about whether it should be extracted. 'As long as groundwater is treated as an open resource in these rural parts of Arizona, they're susceptible to new industries coming in and using the groundwater for that industry,' said Sarah Porter, director of the Kyl Center for Water Policy at Arizona State University's Morrison Institute. Some scientists believe aquaculture can play a role in protecting wild ocean ecosystems from overfishing. And it might play at least a small role in smoothing any supply problems that result from the Trump administration's tariffs on imports from dozens of countries, including those that send the U.S. about 80% of its seafood, per the United States Department of Agriculture. A two-for-one deal? In the greenhouses at University of Arizona professor Kevin Fitzsimmons' lab in Tucson, tilapia circle idly in tanks that filter down into tubs full of mussels and floating patches of collard greens and lettuce. Fitzsimmons mentored the student who started the tilapia farm eventually bought by Mainstream about three years ago where they now raise barramundi. 'I don't think desert agriculture is going away," he said. 'Obviously, we want to do it as water-efficient as possible." But not everyone agrees it's possible. 'Artificial ponds in the desert are stupid,' said Jay Famiglietti, a professor at ASU and director of science for the Arizona Water Innovation Initiative. He worried about heavy water losses to evaporation. Mangan says that evaporation hasn't been an issue so much as the loss of heat in the wintertime. That has required pumping more water since its warmth when it arrives at the surface helps keep the barramundi cozy. But Mangan says they've been improving pond design to retain heat better and have found, after the last year of research and development, that they can cut their water requirement by about half as a result. Plus, he argues, the water coming out of the fish ponds is "essentially liquid fertilizer," and though it's slightly salty, they use it for crops that can tolerate it, like Bermuda grass dairy cows can eat. But that's supporting the cattle industry, which contributes more than its share of planet-warming greenhouse gas emissions, Famiglietti said. 'Doing two suboptimal things doesn't make it better,' he said. Defining a 'reasonable' use of groundwater, a finite resource Purple flowers sprout alongside paddle wheels. Fish bones crunch underfoot. The faint odor of brackish water and ammonia catches in the breeze. Without groundwater, none of it would be possible. Some farmers in Arizona rely on water from the Colorado River, but many others use well water to irrigate crops like alfalfa for the dairy industry or the lettuce, cucumbers and melons shipped nationwide year-round. Arizona has seven areas around the state where groundwater is rigorously managed. Dateland doesn't fall into one of those, so the only rule that really governs it is a law saying if you land own there, you can pump a 'reasonable' amount of groundwater, said Rhett Larson, who teaches water law at ASU. What might be considered 'reasonable' depends from crop to crop, and there's really no precedent for aquaculture, an industry that hasn't yet spread commercially statewide. Using numbers provided by Mainstream, Porter calculated that the fish farm would demand a 'very large amount' of water, on par with a big ranch or potentially even more than some suburbs of Phoenix. And she noted that although the water use is being maximized by using it twice, it's still depleting the aquifer. When the company scoped out Arizona to expand, Mangan said they didn't see nearly the same kinds of regulations as back in Australia. As part of its growth strategy, Mainstream is also hoping to work with other farmers in the area so more can use nutrient-rich fish pond wastewater to produce hay. They say a few have expressed interest. An alternative to wild-caught fish The seafood industry needs to reduce its reliance on catching small wild fish to feed bigger farmed ones that humans eat, said Pallab Sarker, an assistant professor at the University of California, Santa Cruz, who studies sustainability in the aquaculture industry. He said seabirds and mammals rely on small species like anchovies and mackerel commonly used in fish meal. 'We should not rely on ocean fish to grow fish for aquaculture to meet the demand for humans,' Sarker said. Mainstream gets its fish feed from two suppliers, Skretting and Star Milling, but Mangan and Mohring said they didn't know for certain where those suppliers got their base ingredients from. Fitzsimmons, of the University of Arizona, also pointed out that between pollution, overfishing and oceanfront development for recreation, the commercial fishing industry had already been facing problems. He doesn't think that Trump's moves this spring to open up marine protected areas for commercial fishing will improve that situation the way aquaculture could. 'We can't keep hunting and gathering from the ocean,' Fitzsimmons said. ___ Follow Melina Walling on X @MelinaWalling and Bluesky @ Follow Joshua A. Bickel on Instagram, Bluesky and X @joshuabickel. Follow Annika Hammerschlag on Instagram @ahammergram. ___ The Associated Press' climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP's standards for working with philanthropies, a list of supporters and funded coverage areas at
