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Pantoro Ltd.
Summary
| Project: | Halls Creek | |
|---|---|---|
| Deposit: | Paddock Well | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/5/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 5-1-2017: Pantoro Ltd. announces an Exploration/Drilling Update report for its Paddock Well deposit at the Halls Creek project. Drilling results incl. 5m @ 6.23g/t Au from 55m. Pantoro Limited (ASX:PNR) (Pantoro) is pleased to advise that it has received | |
| 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 high grade drill results from the first drilling program at Paddock Well, located approximately three kilometres south east of the Nicolsons processing plant. Commenting on the results, Managing Director Paul Cmrlec said: “This initial drill program highlights the strong potential for identification of new high grade ore deposits outside of the known Mineral Resources at the Nicolsons Project. Successful exploration efforts in the coming quarters could allow the production profile to be further increased and the life of the Nicolsons Project to be extended further. Follow up drilling at Paddock Well is being planned and will be undertaken during the current quarter. Pantoro is stepping up its exploration effort at the Halls Creek Project with a detailed aeromagnetic survey of the Halls Creek tenement package completed this month. Drilling aimed at identifying underground ore sources beneath the Wagtail pits is progressing, and we will soon undertake an initial drill program at the nearby Shifty’s prospect. We are fortunate to have so many drill ready targets in this vastly under-explored region, underpinned by the current production from the Nicolsons and Wagtail mines.” | |
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