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Pantoro Ltd.
Summary
| Project: | Halls Creek | |
|---|---|---|
| Deposit: | Nicolsons Mine | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/22/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 22-9-2016: Pantoro Ltd. announces an Exploration/Drilling Update report for its Nicolsons Mine deposit at the Halls Creek project. Drilling results incl. 3.0m @ 44.34g/t Au from 59.00m at Rowdies. Pantoro Limited (ASX:PNR) (Pantoro) is pleased to advise t | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Scott Huffadine (Internal) | |
| ABSTRACT: | Pantoro Limited (ASX:PNR) (Pantoro) is pleased to advise that it has received all approvals required for commencement of open pit mining at Rowdies and Wagtail. The open pit mining contractors have mobilised to site, and preparatory site works are underway. It is expected that mining will commence in October 2016 as planned, and that ore will be delivered to the processing plant in the first half of the December 2016 quarter. The open pits have an initial life of 9 months, with ore to be blended with underground feed over a period of approximately 16 months. High grade drilling results have been returned from below the existing open pit design with results including 3 m @ 44.34 g/t, including 1 m @ 130 g/t, approximately 40 m below and north of the current pit design and 4 m @ 8.10 g/t approximately 16 m below the base of the current pit design. Initial diamond drilling underneath the current Rowdies and Wagtail pits will commence during the ensuing quarter with the aim of identifying additional underground mine prospects for development following the completion of open pit mining. Commenting on commencement of open pit mining, Managing Director Paul Cmrlec said: “Commencement of open pit mining underwrites the next phase of growth, targeting 50,000 ounces per annum at Nicolsons. With open pit mining works and plant expansion underway, Pantoro will test the highly prospective zones beneath the current Mineral Resources at Rowdies and Wagtail. Drilling results to date are reminiscent of what we have seen at Nicolsons in terms of grade and continuity, and we believe that the deposits present outstanding potential to identify our next high grade underground mine.” | |
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