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Pantoro Ltd.
Summary
| Project: | Halls Creek | |
|---|---|---|
| Deposit: | Nicholsons | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/12/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 12-4-2017: Pantoro Ltd. announces an Exploration/Drilling Update report for its Nicholsons deposit at the Halls Creek project. Drilling results incl. 2.5m @ 38.7g/t Au from 125m. Pantoro Limited (ASX:PNR) (Pantoro) is pleased to report results from the on | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Scott Huffadine (Internal) | |
| ABSTRACT: | Pantoro Limited (ASX:PNR) (Pantoro) is pleased to report results from the ongoing drilling program underway at Nicolsons. A number of very high grade intersections have been recorded at depths greater than 300 metres below surface. Drilling in the Johnston Lode has been an outstanding success with strike extensions of more than 150 metres to the North, combined with significant depth extensions in the same zone. Mineralisation in the Johnston Lode is completely undrilled and open along strike and below the areas shown on the schematic long section in Figure 1. Drilling in the Hall and Anderson Lodes below the current development level has continued to highlight the continuity of high grade mineralisation at depth. The new results demonstrate mineralisation at 300 metres below surface, approximately 100 metres beneath the current Ore Reserve. Drilling at Nicolsons is ongoing and a number of assays remain outstanding. Underground drilling during the upcoming six months will be focussed on further depth extensions of all known ore lodes at Nicolsons, as well as testing for new ore zones within the Nicolsons mineralised system. Pantoro is in the process of re-estimating both underground and open pit Mineral Resources and Ore Reserves at the project, with the new data expected to be available during the current quarter. Managing Director Paul Cmrlec said “Drilling results across the project have been outstanding throughout the year, particularly at Nicolsons Underground. Results have demonstrated high grade mineralisation at depths greater than 300 metres below surface, and the strike length of our major ore lodes being significantly extended. Ore development at the mine continues to reveal continuous high grade mineralisation as the mine moves deeper and well outside of the current Ore Reserve.” | |
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