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Pantoro Ltd.
Summary
| Project: | Halls Creek | |
|---|---|---|
| Deposit: | Nicholsons | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/1/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 1-6-2017: Pantoro Ltd. announces a Resource Estimation report for its Nicholsons deposit at the Halls Creek project. New Reserve estimate supports a base case life of approx. 4 years. Pantoro Limited (ASX:PNR) (Pantoro) is pleased to report significant up | |
| Resources: | (Reserves, Total): 773252t @ 7.35g/t Au for 182823oz at Nicholsons | |
| CP/QP: | [Resources]: Scott Huffadine (Internal) | |
| ABSTRACT: | Pantoro Limited (ASX:PNR) (Pantoro) is pleased to report significant upgrades to the Mineral Resources and Ore Reserves at the Nicolsons Gold Project. Mineral Resources have been updated in the Nicolsons, Wagtail, and Rowdies Orebodies. Commenting on the Mineral Resource and Ore Reserve upgrade, Managing Director Paul Cmrlec said: “Pantoro commenced gold production at Nicolsons less than two years ago. Since that time, we have undertaken major production increases and expanded exploration efforts using cashflow generated from the operation. Both Nicolsons and Wagtail have consistently outperformed the previous Ore Reserve estimates and we continue to encounter very high grade mineralisation at Nicolsons and Wagtail. This Mineral Resource and Ore Reserve upgrade has produced substantial mine life extension, and exploration results during the past year have proven the huge potential of this project. We continue to believe that we have only scratched the surface at Halls Creek with plenty of upside to come. The Pantoro board has recently approved acceleration of exploration activity as the company seeks to define Western Australia’s next major gold mining camp. We will continue to aggressively explore with the clear intention to facilitate further production increases through Ore Reserve growth in the near term.” | |
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