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Pantoro Ltd.
Summary
| Project: | Halls Creek | |
|---|---|---|
| Deposit: | Wagtail South, Wagtail North | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/16/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 16-3-2017: Pantoro Ltd. announces an Exploration/Drilling Update report for its Wagtail South, Wagtail North deposit at the Halls Creek project. Drilling results incl. 3.6m @ 7.67g/t Au from 133m. Pantoro Limited (ASX:PNR) (Pantoro) is pleased to advise m | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Scott Huffadine (Internal) | |
| ABSTRACT: | Pantoro Limited (ASX:PNR) (Pantoro) is pleased to advise multiple high grade intersections from the first phase of drilling below the current Wagtail open pits. The drill program has targeted and intersected mineralisation at depths of between 110 and 150 metres below surface. The objective of the drill program was to evaluate the continuity of mineralisation beneath the open pits and to assess potential for underground mining after the open pits are completed. Open pits at Wagtail are designed to a maximum depth of 65 metres. All holes intersected mineralisation at the targeted zones based on the current interpretation of the geology and structure in this area, and the mineralisation remains open at depth and along strike. The total known strike extent of mineralization in the combined Wagtail and Rowdies deposits currently exceeds 800 metres. Additional drilling aimed at delineating Mineral Resources and Ore Reserves suitable for underground mining will be ongoing during the ensuing quarters and undertaken in parallel with open pit mining. Commenting on the new results, Managing Director Paul Cmrlec said: “Open pit mining at Wagtail has continued to uncover continuous, high grade veins. It is very pleasing to see the initial drilling below the current open pit designs delivering high grades similar to those seen at the Nicolsons mine. Drilling will continue throughout the remainder of the open pit life with the objective of being able to commence a second underground mine soon after the open pits are completed.” | |
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