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Pantoro Ltd.
Summary
| Project: | Halls Creek | |
|---|---|---|
| Deposit: | Nicholsons | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/26/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 26-3-2018: Pantoro Ltd. announces an Exploration/Drilling Update report for its Nicholsons deposit at the Halls Creek project. Drilling results incl. 3.8m @ 58.36g/t Au from 32m. Pantoro Limited (PNR:ASX) (Pantoro) is pleased to provide an update on its e | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Scott Huffadine (Internal) | |
| ABSTRACT: | Pantoro Limited (PNR:ASX) (Pantoro) is pleased to provide an update on its extensional exploration activities at its 100% owned Nicolson’s Mine. Nicolsons has been the major contributor to gold production for the project since commencement, with consistent, very high grade mineralisation found along the entire known strike length of the mine. Commenting on the results, Managing Director Paul Cmrlec said “These latest results from Nicolsons clearly demonstrate the high quality of the asset. Mineralisation has been very consistent throughout the mine, which has a strike length approaching 1 kilometre. The current round of drilling has extended the known mineralisation to approximately 410 metres below surface while the current mine depth is only 250 metres. We will continue to explore deeper at Nicolsons with approved drill programs in place to systematically target the orebody to depths greater than 600 metres below surface. The next Ore Reserve updates for both Nicolsons and Wagtail are expected to be released during the June 2018 quarter. The mine is currently in an exceptional position to substantially increase production with 10 stoping fronts to be available for production during the first half of 2018. Manning levels are in the process of being increased to achieve the planned ramp up to 25,000 tonnes per month from Nicolsons, and installation works for the ore sorter are progressing in line with schedule. Pantoro is very well positioned to achieve its planned production rate of 80-100,000 ounces per annum late this year. | |
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