PC Gold Ltd (ASX:PC2) Spring Hill Diamond Drill Hole Returns 0.7m Grading 459.08 g/t Gold

Highlights:

• Assays from hole SDH25-009 at the Lasagne Target returned 0.7 m @ 459.08 g/t Au from 89.47 m, with multiple occurrences of visible gold.
• This is the highest grade interval intersected at Spring Hill to date and is 200m along strike, north of the MRE.
• Narrow vein, high-grade mineralisation has now been intersected in multiple holes at the Lasagne Target as part of the 2025 Spring Hill exploration program.
• Follow-up drilling on the narrow vein, high-grade intersections and the broader Macau Extended Target is planned to commence before Christmas.

Overview:

PC Gold and the Spring Hill Gold Project

PC Gold Limited has updated on its exploration activities at the Company’s 100%-owned Spring Hill Gold Project (‘Spring Hill”), located in the Pine Creek Orogen, Northern Territory.

PC Gold has completed 5,779m of drilling targeting the historical Lasagna Target located northeast of the existing MRE boundary. This zone remains outside the current resource and is demonstrating potential for resource growth at above resource grade.

PC Gold released a comprehensive announcement containing RC drilling and initial diamond drilling assay results received up to 31 October 2025 on 3 November 20251.

The Company has now received assays for diamond drill hole SDH25-009 from the assay lab which contained material result as follows:

o SDH25-009 : 0.7m @ 459.08 g/t Au from 89.5 mdh including 0.5m
@ 606.72 g/t Au from 89.5 mdh.

This hole previously reported seven occurrences of visible gold in varying size2. Figure 3 shows the in-situ core of hole SDH25-009 prior to cutting with the mineralised zone from 89.47m clearly identifiable.

Hole SDH25-009 sits directly along strike from the Middle and Main zones of the MRE.

This result demonstrates the potential to define new high grade zones at Spring Hill, for potential inclusion in future MRE updates.

The Middle and Main zones were the subject of hard rock mining as a far back as the 1890’s targeting the oxide zones down to 108m via shaft mining with historical records showing more than 20,000ozs was mined from the Spring Hill Mining Centre. The recent drilling results by PC Gold along strike from the MRE form the eastern extension to the
Lasagne Target and provide a real indication of what the old timers were mining from Spring Hill

Company Notes:

Executive Chair, Mr Ashley Pattison, commented:
“This outstanding result from diamond hole SDH25-009 at the Lasagne Target is
extremely encouraging, and it’s great to see such abundant visible gold in the core.

Hole SDH25-009 is the best intersection we’ve seen at Spring Hill to date, and this early success from the first phase of drilling really highlights the untapped potential of the project as it extends north through PC Gold’s ground. We’re very much looking forward to further results from this exciting program.”

Full ASX Announcement: https://hotcopper.com.au/threads/ann-diamond-hole-hits-0-7m-459-08-g-t-au-at-spring-hill.8877550/