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Pantoro Ltd.
Summary
| Project: | Halls Creek | |
|---|---|---|
| Deposit: | Nicolsons Mine | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/27/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 27-7-2016: Pantoro Ltd. announces an Exploration/Drilling Update report for its Nicolsons Mine deposit at the Halls Creek project. Drilling results incl. 9.7m @ 27.07g/t Au from 29.00m. Pantoro Limited (ASX:PNR) (Pantoro) is pleased to advise that it has | |
| 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 further outstanding high grade underground drilling results from Nicolsons. Hole NUD16028 has intersected a new splay vein identified 80 m North of the Mother Lode outside of the current Mineral Resource. The upper portions of the new splay vein have also been intersected in development with individual face samples grades up to 642 g/t Au. The newly discovered splay vein appears to be a linking structure between the Anderson and Hall Lodes, with an orientation approximately the same as the Mother Lode. Initial development on the 2155 Level intersecting the new splay vein has revealed mineralisation of similar nature and gold tenor to the Mother Lode development completed to date. Further development and drilling to fully test the new zone will be undertaken over the coming weeks and months. Drill intersections continue to display mineralisation similar in nature and grade to the developed areas of the mine. Several of the drill holes have intersected visible gold, which has also been noted in development on the 2185 and 2170 levels. In addition to the results noted in this report, Pantoro has just completed hole NUD16033 which has intersected the interpreted Mother Lode at the 2106 mRL, approximately 70 m below the current development and Mineral Resource. The highly visible nature of the sulphide ore suggests that the Mother Lode is still very strong in the deeper levels of the mineralised zone, although grade assays for this hole remain outstanding. | |
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