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Pantoro Ltd.
Summary
| Project: | Halls Creek | |
|---|---|---|
| Deposit: | Nicholson | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/10/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 10-10-2018: Pantoro Ltd. announces an Exploration/Drilling Update report for its Nicholson deposit at the Halls Creek project. Drilling results incl. 10.2m @ 17.67g/t Au from 31.8m. The September 2018 Quarter production results were impacted by unforeseen | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Scott Huffadine (Internal) | |
| ABSTRACT: | The September 2018 Quarter production results were impacted by unforeseen operational issues as outlined in an ASX announcement dated 28 August 2018, titled ‘Halls Creek Operations Update’. Total production for the quarter was 9,524 ounces, slightly below the 10,000 to 11,000 ounces revised production target advised on 28 August 2018. Unit costs were directly impacted by the reduced production, which was the result of lower than expected grade in the processing plant. AISC is expected to be in the range of A$1,850 to A$1,930 per ounce. Costs are being finalised and will be provided in the quarterly report later in October. Drilling below and to the north of the 2005 level completed during August and September has revealed high grade intercepts at depth in the northern part of the current workings, demonstrating the continuity of high grade mineralisation at depth. Drilling supports a shallow plunge to the north with high grades up to 50 metres north and up to 80 metres below the 2005 Level and remains open, supporting the potential for extension of the deposit. The best drilling results below the 2005 Level completed to date include: | |
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