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Pantoro Ltd.
Summary
| Project: | Halls Creek | |
|---|---|---|
| Deposit: | Nicholson | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/7/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 7-5-2019: Pantoro Ltd. announces an Exploration/Drilling Update report for its Nicholson deposit at the Halls Creek project. Drilling results incl. 2.45m @ 73.09g/t Au from 41.60m. Managing Director Paul Cmrlec said: “These new outstanding results in the | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Scott Huffadine (Internal) | |
| ABSTRACT: | Managing Director Paul Cmrlec said: “These new outstanding results in the southern end of Nicolsons mine, combined with the recent high-grade intercepts^ recently reported in the Anderson Lode to the north of the mine confirm the continuing very high grade nature of the Nicolsons ore system at depth. The new results will be included in the annual Mineral Resource and Ore Reserve update to be completed as at 30 June 2019, and will contribute to ongoing the ongoing growth of the mine. Operations in the Wagtail North underground mine continue to access new ore development faces in the Wagtail and Rowdies ore bodies, and the Wagtail South open pit cutback is progressing to plan. With ore production increasing from both of the Wagtail mining areas, and Nicolsons mine operating in steady state, the Halls Creek Operations are in a strong position to meet the planned 80,000 Oz per annum production rate by the middle of this year.” Prior to this drilling program, the Mineral Resource modelled in the area was not of sufficient grade to be included in Ore Reserve and mine plan due to wider spaced drilling in the deeper zones of this area. The new drilling has been targeted towards these very high grade areas as knowledge of the ore system plunge and dip characteristics have been better defined by mine development in the levels above. | |
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