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Pantoro Ltd.
Summary
| Project: | Halls Creek | |
|---|---|---|
| Deposit: | Nicholson | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/18/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 18-3-2019: Pantoro Ltd. announces an Exploration/Drilling Update report for its Nicholson deposit at the Halls Creek project. Drilling results incl. 3.55m @ 95.89g/t Au from 65.10m. Pantoro Limited (ASX:PNR) (Pantoro) is pleased to report that strike and | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Scott Huffadine (Internal) | |
| ABSTRACT: | Pantoro Limited (ASX:PNR) (Pantoro) is pleased to report that strike and depth extension drilling at Nicolsons has continued to return outstanding results well below the deepest developed level in the mine. The results demonstrate continuity of the extremely high grade mineralisation outside of the current Mineral Resource, which remains open. Results received from recent drilling below and along strike of the 1985 Level include: Commenting on the results, Managing Director Paul Cmrlec said: “These outstanding results clearly demonstrate that the extremely high grades that we have enjoyed in the upper levels at Nicolsons continue down plunge. As has always been the case at Nicolsons, the Mineral Resource is limited only by the drilling which has been able to be undertaken to date. Our geological knowledge of the ore system is continually improving, and these very high grade results show that mining at Nicolsons is likely to continue well beyond the current Ore Reserve to substantial depths.” The new drill results are outside of the current Mineral Resource and Ore Reserve as shown in Figure 1. Drilling at Nicolsons continues to be primarily focused on gold inventory growth and supporting mine life extensions. Pantoro intends to update its Mineral Resource and Ore Reserve statements later in 2019. Several of the holes completed display very high grade sulphide mineralisation with lead, zinc and silver, which is similar in nature to the very high grade Mother Lode which substantially boosted production at Nicolsons in the upper levels of the mine. | |
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