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Panoramic Resources Ltd.
Summary
| Project: | Thunder Bay North | |
|---|---|---|
| Deposit: | Thunder Bay North | |
| Location: | Canada | |
| Commodities: | Platinum-Palladium | |
| Date: | 9/30/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-9-2016: Panoramic Resources Ltd. announces a Resource Estimation report for its Thunder Bay North deposit at the Thunder Bay North project. JV - Annual statement of mineral resources, unchanged since last estimate. Panoramic Resources Limited (ASX Code | |
| Resources: | (Resource, Total): 10.4Mt @ 1.13g/t Pt, 1.07g/t Pd at Thunder Bay North | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Panoramic Resources Limited (ASX Code: PAN) is pleased to announce the Group’s Mineral Resources and Ore Reserves Statement at 30 June 2016. Mineral Resources at Thunder Bay North at 30 June 2016 are 10.4 million tonnes at 1.13g/t Pt and 1.07g/t Pd for 377,000 ounces contained platinum and 355,000 ounces contained palladium. There were no changes to Thunder Bay North Resources during FY2016. Rio Tinto Exploration Canada Inc. (RTEC) has the right to earn up to 70% in the Thunder Bay North Project by spending C$20 million over five years, with a minimum spend of C$5 million before RTEC can withdraw. | |
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