Pacific American Holdings Limited announced that the maiden drilling campaign has been completed at the Porphyry North Gold Project. Exploration activity focused on three high priority gold targets where a combination of aircore (AC) drilling (39 holes for 2,892 metres) and reverse circulation (RC) drilling (23 holes for 856 metres) was carried out: Rainbow Dam. One Tree Well. Nugget Patch. Highlights: Maiden Drilling Program has been completed at the Porphyry North Gold Project: Three high priority gold target areas were tested. A total of 62 holes, comprising of 23 Reverse Circulation (RC) holes and 39 Air Core (AC), were completed. The targets tested include anomalous historic surface geochemical anomalies, zones of possibly significant shear development, and areas that are highly productive for metal detecting. All RC and AC chip samples have been sent for assaying with initial. results expected in five to eight weeks. PAK meets minimum expenditure commitment as part of achieving an initial 35% Farm-in of the Porphyry North Gold Project. Rainbow Dam: The Rainbow Dam Prospect is interpreted to be a Kalgoorlie geological look-alike. It consists of a folded diorite-gabbro-tonalite sequence along a large scale regional shear within the Keith-Kilkenny Tectonic Zone and parallel to the Kilkenny Fault. This zone hosts the Carosue and Porphyry gold deposits. The area has never before been drilled. One Tree Well Prospect: The One Tree Well Prospect is the southern extension of the Rainbow Dam Prospect and is centred on historic gold workings of that name. As previously released, sampling of mullock heaps assayed up to 7.66g/t gold. The mineralisation is hosted in a shear up to 2m wide within biotite schist and clinozoisite alteration. Magnetic data suggests an extension of this zone by one kilometre to the north. The Nugget Patch: The Nugget Patch Prospect is an extensive area that has yielded many nuggets to metal-detectorists. As previously released, surface geochemistry surveys and limited shallow RAB drilling campaigns have consistently identified extensive but low grade gold anomalism ­ to 0.17g/t gold in surface rock chips and 5m at 0.55g/t from 25m in ENRB088. The target is expected to be shear-related gold mineralisation in a tonalite host. The Nugget Patch was tested with 37 AC holes along four (4) lines 160 to 970m apart. All drill chip samples have been delivered to the assay laboratory and results are due in 6 ­ 8 weeks.