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Pantoro Ltd.
Summary
| Project: | Halls Creek | |
|---|---|---|
| Deposit: | Nicholsons | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/5/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 5-2-2018: Pantoro Ltd. announces an Exploration/Drilling Update report for its Nicholsons deposit at the Halls Creek project. Drilling results incl. 2m @ 12.67g/t Au from 12m. Pantoro Ltd (PNR:ASX) (Pantoro) is pleased to provide an update on its regional | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Scott Huffadine (Internal) | |
| ABSTRACT: | Pantoro Ltd (PNR:ASX) (Pantoro) is pleased to provide an update on its regional exploration activities at its 100% owned Nicolson’s Project. During the last six months Pantoro focused on testing additional targets within its broader tenement package at Nicolsons in order to prioritise its 2018 exploration strategy. Encouraging results have been returned from all prospects drilled. In particular, Western Reef returned numerous high grade assays including: First pass drill programs were also completed at Edison, Shifty’s, and Midnight prospects. The first pass drilling returned grades exceeding 1 g/t in all prospects, including 1 m @ 7.11g/t Au at Edison. The widespread results confirm that extensive gold mineralisation exists throughout the 15 km strike length of the Nicolsons tenement area. Pantoro has commenced a grid based soil sampling program which will see the entire granted tenement package sampled during 2018. The program is important for project generation and will be utilised in conjunction with the aero-magnetic surveys completed during 2017. Works completed to date have allowed the 2018 exploration program to be planned. The initial focus will be on further expansion of Nicolsons and Wagtail Ore Reserves. Resource definition at Grants Creek, Paddock Well, and Western Reef will commence following the wet season, with one drill rig to be committed to the definition works. | |
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