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Pantoro Ltd.
Summary
| Project: | Halls Creek | |
|---|---|---|
| Deposit: | Wagtail | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/5/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 5-4-2018: Pantoro Ltd. announces an Exploration/Drilling Update report for its Wagtail deposit at the Halls Creek project. Drilling results incl. 2.34m @ 63.12g/t Au from 126m. Pantoro Limited (PNR:ASX) (Pantoro) is pleased report further drill results fr | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Scott Huffadine (Internal) | |
| ABSTRACT: | Pantoro Limited (PNR:ASX) (Pantoro) is pleased report further drill results from the Rowdies and Wagtail orebodies, approximately 1 km south of the Nicolsons processing plant. Open pit mining was completed at Wagtail during December 2017 and Pantoro is now focussed on the commencement of underground mining via portals in the Wagtail North and Wagtail South open pits. Extensional exploration drilling has been ongoing at Wagtail since late 2016. One of the the deepest holes drilled to date targeting the Rowdies mineralisation, RDD18014 returned 1 m @ 18.51 g/t Au from 261.45 m downhole (222 m vertically below the surface). Significantly, this intersection is only 400 m south of the South Decline currently being mined at Nicolsons. The intersection confirms that Wagtail mineralisation is a continuation of the ore system being mined at Nicolsons and is structurally controlled by the Archer Fault. Pantoro is currently completing an updated Mineral Resource estimate and Ore Reserve calculation for Wagtail which is expected to be available during the quarter. The portal positions in both Wagtail North and Wagtail South open pits have been prepared for development, and additional equipment required to commence decline development is currently on site. It is expected that underground mining at Wagtail will commence during April 2017 once regulatory approvals are finalised. Commenting on the results, Managing Director Paul Cmrlec said “The ongoing drilling at Wagtail has returned fantastic results along the entire known strike of the ore bodies, and has demonstrated that we are dealing with an extension to the Nicolsons ore system. This is a very busy period in the continued growth at the project, with production ramping up at Nicolsons, mining commencing at Wagtail, and the installation of ore sorting in the processing plant well advanced. The combination of these advancements will see the site reach its expanded production rate target of 80 – 100,000 ounces per annum by the end of 2018.” | |
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