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Pantoro Ltd.
Summary
| Project: | Grants Creek | |
|---|---|---|
| Deposit: | Grants Creek | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/1/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-11-2018: Pantoro Ltd. announces an Exploration/Drilling Update report for its Grants Creek deposit at the Grants Creek project. Drilling results incl. 5m @ 9.25g/t Au from 38m. Pantoro Limited (ASX:PNR) (Pantoro) is pleased to provide initial exploratio | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Scott Huffadine (Internal) | |
| ABSTRACT: | Pantoro Limited (ASX:PNR) (Pantoro) is pleased to provide initial exploration results from its 100% owned Grants Creek Project. Pantoro acquired Grants Creek as part of the company’s strategy to identify and consolidate prospective ground within the Halls Creek region in close proximity to the Nicolsons processing plant. Pantoro’s maiden drilling program commenced in September 2018, aimed at evaluating the open pit potential at the historical production centres of Perseverance and Star of Kimberley. Significant results have been returned from the first tranche of results received with numerous high grade assays including Commenting on the results, Pantoro Managing Director Paul Cmrlec said: “The exploration results from the first drill targets at Grants Creek highlight the huge potential of the broader Halls Creek goldfields which are virtually untested by modern exploration. These new results demonstrate the near term potential for high grade ore sources outside of the Nicolsons Project area. Pantoro owns the only commercial scale processing plant in the area, with the closest facility (which is not currently operating) approximately 300 km to the south. The Grants Creek project presents a large number of prospects to be tested, with historical mining, surface rock chip sampling and soil geochemistry demonstrating the occurrence of gold mineralisation over several kilometres of strike.” | |
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