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Pantoro Ltd.
Summary
| Project: | Halls Creek | |
|---|---|---|
| Deposit: | Nicolsons Mine | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/28/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 28-6-2016: Pantoro Ltd. announces an Exploration/Drilling Update report for its Nicolsons Mine deposit at the Halls Creek project. Drilling results incl. 1.7m @ 258.8g/t Au from 6.3m at the Hall Lode at Nicolsons Gold Mine. Pantoro Limited (ASX:PNR) (Pant | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Resources]: Scott Huffadine (Internal) | |
| ABSTRACT: | Pantoro Limited (ASX:PNR) (Pantoro) is pleased to advise that it has received further high grade drilling results from the Hall, Anderson and Johnston Lodes from the ongoing drilling at its Nicolsons Gold Mine near Halls Creek. NUD160011 and NUD160019 were drilled outside of the current Ore Reserve, while NGC16003 was testing the extremities of the recently updated Ore Reserve. Holes NUD16012 and NUD16013 have intersected quartz veining in the expected target locations outside of the current Mineral Resource, confirming continuity of the mineralised structure. The results further demonstrate that high grade mineralisation extends well beyond the current mine plan. These extension areas will be developed as mining progresses with the highly visual nature of the ore allowing accurate placement of ore drives. Further Mineral Resource and Ore Reserve updates will be provided as sufficient additional development and drilling data becomes available. Commenting on the results, managing director Paul Cmrlec said: “Very high grades continue to be encountered in direct extensions to the current Ore Reserve at Nicolsons. As we have done for the levels accessed to date, many of these extensions will be developed ahead of Ore Reserve updates, and we expect that the approach will continue to deliver the large Ore Reserve overcalls that have become common place at Nicolsons. Through our drilling and mine development programs we have rapidly increased understanding of the controls to mineralisation, and believe that there is very strong potential for a much larger and more productive mine than we have previously contemplated.” | |
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