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Pantoro Ltd.
Summary
| Project: | Norseman | |
|---|---|---|
| Deposit: | Scotia | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/21/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-1-2020: Pantoro Ltd. announces an Exploration/Drilling Update report for its Scotia deposit at the Norseman project. Drilling results incl. 4m @ 44.46g/t Au from 174m. Pantoro Limited (ASX:PNR) (Pantoro) is pleased to provide initial drilling results f | |
| Resources: | (Resource, Total): 2.43Mt @ 5.30g/t Au for 413,000oz Au contained at Scotia | |
| CP/QP: | [Overall Report]: Scott Huffadine (Internal) | |
| ABSTRACT: | Pantoro Limited (ASX:PNR) (Pantoro) is pleased to provide initial drilling results from the Scotia Deposit (Scotia) at the Norseman Project (Pantoro 50%). Pantoro commenced drilling at Scotia in October 2019 with approximately 27 holes for 3,794 metres of the planed 6,000 metre RC and Diamond drilling program completed to date. Drilling at Scotia is targeting infill and extension of the current 413,000 ounce Mineral Resource to approximately 150 metrs below surface. The objective is to define both open pit and future underground mining potential. Results to the North of the current pit and underground workings are very encouraging and will be followed up in the remainder of the planned program All aspects of Pantoro’s work to date have advanced in line with the project plan which is to define Mineral Resources and Ore Reserves at key mining centres within the large tenement area. Feasibility work for the processing plant and other key infrastructure is being progressed in parallel with drilling activities. Commenting on the results, Managing Director Paul Cmrlec said “These excellent results come from the fourth deposit that we have drilled at Norseman. Each deposit drilled to date has provided outcomes in line with or exceeding Pantoro’s expectation, demonstrating the outstanding quality of the project. | |
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