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Pantoro Ltd.
Summary
| Project: | Halls Creek | |
|---|---|---|
| Deposit: | Wagtail | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 19-6-2018: Pantoro Ltd. announces an Exploration/Drilling Update report for its Wagtail deposit at the Halls Creek project. Drilling results incl. 2.15m @ 42.33g/t Au from 227.85m. Pantoro Limited (ASX:PNR) (Pantoro) is pleased to advise that ongoing dril | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Scott Huffadine (Internal) | |
| ABSTRACT: | Pantoro Limited (ASX:PNR) (Pantoro) is pleased to advise that ongoing drilling within the Rowdies deposit has returned high grades outside of the recently announced Ore Reserve1 for the Wagtail Mine, demonstrating strong potential for continued expansion of the deposit. A plan view of the drilling completed at Wagtail is included in Appendix 1. The plan shows that very high grade drilling results have been returned along most of the 1.1 km strike length that has been tested to date. Mineralisation remains open at both ends along strike and at depth. Commenting on the results, Managing Director Paul Cmrlec said: “These new results are a clear demonstration of the continuation of high grade mineralisation beyond the current Ore Reserve at Wagtail. The similarities to Nicolsons are compelling, and the actual scale of this deposit will be revealed as we access the first ore levels and deeper drilling platforms. As we said of the Nicolsons deposit several years ago, we believe that the drilling completed at Wagtail to date is accessing the tip of the iceberg. Whilst production during this quarter is slightly below our long term plan, the site is in great shape with a large capital re-investment in the operation during the quarter set to deliver the production upgrades and unit cost reduction that we have planned for. Projects undertaken during the quarter include a major processing capacity increase through installation of the ore sorter, development of a new surface ventilation raisebore at Nicolsons, a major tailings facility lift and commencement of mining works at Wagtail | |
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