# Pacgold White Dam project development

> Live situation record from CLSTR: https://clstr.news/situations/pacgold-white-dam-project-development
> Updated: 2026-07-29T14:04:16.000Z. Sources: 4. Developments: 2.

In late July 2026, Australian miner Pacgold reported a high‑grade gold‑copper sulphide discovery at its White Dam North prospect in South Australia, highlighting intersected intervals with up to 7.5 g/t gold and 1.2 % copper. The find was described as the potential “tip of the iceberg” beneath existing oxide resources, prompting plans for further geophysical surveys and drilling.

A week later, Pacgold secured a $13 million share placement to fund a production ramp‑up, heap‑leach expansion at the White Dam Gold Project, and near‑mine exploration tied to the new discovery. Concurrently, U.S. listed G50 Corp raised $18.23 million, with Hancock Prospecting investing, to advance its own exploration projects in Arizona and Nevada.

## Timeline

### 2026-07-29: Pacgold and G50 raise capital for White Dam expansion and US mineral projects

Pacgold raised $13 m for White Dam expansion in South Australia, while G50 secured $18.23 m (including $5.52 m from Hancock) to accelerate exploration at Arizona’s Golconda and Nevada’s White Caps projects.

2 sources. https://clstr.news/cluster/pacgold-and-g50-raise-capital-for-white-dam-expansion-and-us-mineral-projects

### 2026-07-23: Pacgold reports high-grade gold‑copper discovery at White Dam North

Pacgold discovered high‑grade gold‑copper mineralisation at White Dam North, South Australia, with drill intercepts up to 7.5 g/t Au and 1.2 % Cu, and plans further surveying and drilling.

3 sources. https://clstr.news/cluster/pacgold-reports-high-grade-goldcopper-discovery-at-white-dam-north

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Cite as: Pacgold White Dam project development. CLSTR, https://clstr.news/situations/pacgold-white-dam-project-development