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Pantoro Ltd.
Summary
| Project: | Halls Creek | |
|---|---|---|
| Deposit: | Nicholson | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/18/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 18-10-2018: Pantoro Ltd. announces an Exploration/Drilling Update report for its Nicholson deposit at the Halls Creek project. Drilling results incl. 4.35m @ 5.42g/t Au, 83g/t Ag, 1.66% Pb, 2.93% Zn from 103.15m. Pantoro Limited (ASX:PNR) (Pantoro) is ple | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Scott Huffadine (Internal) | |
| ABSTRACT: | Pantoro Limited (ASX:PNR) (Pantoro) is pleased to provide an update on its regional exploration activities at its 100% owned Nicolson’s Project, approximately 45 km southwest of Halls Creek in Western Australia. Follow-up drilling was undertaken at the Edison and Paddock Well deposits, where encouraging results were generated. Edison Edison is characterised by a coincident magnetic and gold in soil anomaly approximately 400 metres long, striking north east. Drilling has returned significant gold, platinum group element (PGE) and nickel values in the basal portion of the Lamboo igneous complex. The Kimberley Region is known to host economically significant nickel (Savannah Nickel Mine) and PGE (Panton Sill) projects. Better results from early testing of the prospect include: A short program was also completed at Hyena. The first pass RC drilling returned an number of anomalous gold values including 0.5m @ 4.47 g/t in a quartz vein from a diamond drill hole. The continued success supports the potential for additional gold mineralisation across the entire Nicolsons tenement area, particularly along strike of the active Nicolsons and Wagtail mines. Pantoro has continued to advance its known exploration prospects with additional drilling completed at Edison, Paddock Well and Hyena Prospects. All prospects tested have returned encouraging gold grades, demonstrating the occurrence of high grade gold throughout the highly under-explored tenement package. | |
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