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Pantoro Ltd.
Summary
| Project: | Halls Creek | |
|---|---|---|
| Deposit: | Wagtail | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/5/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 5-3-2019: Pantoro Ltd. announces a Resource Estimation report for its Wagtail deposit at the Halls Creek project. Updated mineral resource and ore reserve estimate at the project. The Wagtail Mineral Resource and Ore Reserve has been updated to include dr | |
| Resources: | (Reserve, Prob.): 393Kt @ 5.9g/t Au for 74Koz Au contained at Wagtail | |
| CP/QP: | [Resources]: Scott Huffadine (Internal) | |
| ABSTRACT: | The Wagtail Mineral Resource and Ore Reserve has been updated to include drilling which was completed following the May 2018 Mineral Resource estimate and Ore Reserve calculation. Drilling was focused on Rowdies and demonstrated the continuation of high-grade ore at depth within the system, with similar high grades to those seen in both drilling and mining at Nicolsons underground mine. Pantoro expects to continue to expand the Mineral Resource and Ore Reserve at Wagtail as development within the mine provides additional drilling platforms to effectively access the orebody along strike and at depth in a costeffective manner. This approach has been shown to be highly successful at Nicolsons to date. Wagtail South Pantoro detailed its open pit mining plans at Wagtail South in the December 2018 quarterly report. Final approvals have been received faster than anticipated by Pantoro, and as a result works are now underway. The Wagtail South extension will provide additional production ore during the period that Wagtail North is being advanced to full capacity. This will assist the operation in achieving its production expansion goal during 2019. Commenting on operations at Wagtail, managing director Paul Cmrlec said: “The commencement of ore development at Wagtail late last quarter was an important milestone in our goal of achieving a run rate of +80,000 ounces per annum in the near term. Development at Wagtail North continues to progress well, and re-commencement of open pit mining will accelerate the achievement of our objectives. The outstanding drilling results that we have seen beneath the previous Mineral Resource at Rowdies has delivered a significant upgrade to Wagtail’s Mineral Resources, and we are confident that this growth trend will continue at Wagtail just as it has at Nicolsons during the past four years. We will continue to update the Mineral Resource at Wagtail as underground development and additional drilling exposed the true extent of mineralisation within the system.” | |
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