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Pantoro Ltd.
Summary
| Project: | Halls Creek | |
|---|---|---|
| Deposit: | Nicolsons Mine | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/29/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 29-8-2016: Pantoro Ltd. announces an Exploration/Drilling Update report for its Nicolsons Mine deposit at the Halls Creek project. Amended report - drilling results incl. 13m @ 17.66g/t Au from 27.00m at Wagtail North. Pantoro Limited (ASX:PNR) (Pantoro) | |
| 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 outstanding initial results from the first phase of infill/extension drilling on the planned open pits at the Wagtail deposits, as well as further high grade drilling results from the underground drilling of the Mother and Anderson Lodes at Nicolsons. Initial open pit RC drilling results have exceeded expectations, with detailed grade control drilling to follow in the coming weeks. The first phase open pit drilling was designed to test the extents of the current model prior to a close spaced infill grade control program of ~6,000 m to be undertaken during September. These early results have indicated high grade mineralisation extending outside of current pit designs. The Wagtail and Rowdies deposits remain effectively untested at depth, providing excellent potential for additional underground developments once the pits are completed. Results are still outstanding for the majority of the first pass of drilling below the Rowdies pit. The majority of recent underground drilling has been focused on the Mother Lode below the current development and Mineral Resource. In addition, hole NUD160137 drilled in the Anderson lode returned a strong intersection of 3.0 m @ 16.4 g/t outside of the current Ore Reserve. The results confirm continuity of the Mother Lode to approximately 60 metres below the current Mineral Resource limit (2160 mRL). The Mother Lode has been a major contributor to the total recovered gold on recent levels and is currently completely excluded from the Mineral Resource and Ore Reserve below the 2160m RL, representing a major opportunity for additional Ore Reserve upgrades in the near term. | |
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