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Pantoro Ltd.
Summary
| Project: | Halls Creek | |
|---|---|---|
| Deposit: | Wagtail South, Wagtail North | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/26/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 26-10-2016: Pantoro Ltd. announces an Exploration/Drilling Update report for its Wagtail South, Wagtail North deposit at the Halls Creek project. Drilling results incl. 6m @ 26.15g/t Au from 38m. Pantoro Limited (ASX:PNR) (Pantoro) is pleased to advise th | |
| Resources: | .0965Mt @ 5.55g/t Au at Wagtail North | |
| CP/QP: | [Overall Report]: Scott Huffadine (Internal) | |
| ABSTRACT: | Pantoro Limited (ASX:PNR) (Pantoro) is pleased to advise that open pit mining at Nicolsons is advancing well and in accordance with the mine schedule. Mining is underway at the Wagtail North and Rowdies pits with Wagtail South due to commence works early in November. Mining activities have exposed high grade ore in the Wagtail North Pit, and the first ore will be delivered to the ROM pad in line with the mining schedule before the end of October. The current plan which includes mining of a Probable Ore Reserve of 96,500 tonnes @ 5.55 g/t Au (as detailed in the Pantoro 2016 Annual Report released to the ASX on 23/9/2016), will see mining undertaken over a nine month timeframe. Open pit ore is planned to be blended with underground feed sources at Nicolsons for a period of 17 months, maximising ore availability and blending capability for the foreseeable future. Grade control drilling within the Wagtail North and South Pit designs has confirmed the presence of very high grade ore zones, with assays rivalling the outstanding results often encountered underground at Nicolsons mine. Commenting on the progress at Rowdies and Wagtail, Managing Director Paul Cmrlec said “Since obtaining final mining approvals for the open pits in September, Pantoro has rapidly engaged its open pit mining plan which will see substantial production benefits from November this year. While we expected some high grade ore to be encountered in the grade control programs, these drill results have again exceeded our expectations. We look forward with anticipation to further testing the depth extensions to these orebodies as we aim to define another underground mine similar to Nicolsons, for commencement following completion of the open pits.” | |
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