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Pantoro high-grade gold hits highlight regional potential of Nicolsons project

Drilling at the Western Reef target has returned up to 15.7 g/t gold.
Pantoro drilling
The company has planned extensive exploration in the Halls Creek area during 2018

Pantoro Ltd (ASX:PNR) continues to highlight the golden potential of its Nicolsons project area in Western Australia by way of high-grade results from the Western Reef regional target.

The results of up to 2 metres at 12.09 g/t gold from 12 metres, including 1 metre at 15.7 g/t, add strength to the company’s broader tenement package at Nicolsons.

During the last six months Pantoro has focused on testing additional targets within the package with encouraging results returned from all prospects drilled.

READ: Pantoro makes strategic move to expand portfolio in gold producing region

Paul Cmrlec, managing director, said: “The first pass exploration results from a number of targets tested during recent months highlight the huge potential of the Nicolsons project area which has remained essentially untapped until now.

“These new results combined with other recent successes lay the foundations for Pantoro’s continued growth in the Halls Creek region.

“Resource expansion drilling success”

“These include outstanding resource expansion drilling success at Nicolsons and Wagtail, as well as the historical high-grade drilling at the recently acquired Grants Creek and Mary River projects.

“Pantoro owns the only commercial scale processing plant in the area, with the closest facility approximately 300 kilometres to the south.

“2018 will see Pantoro continuing to aggressively drill out extensions to Nicolsons and Wagtail, while working to define mineral resources at Western Reef, Paddock Well and Grants Creek.

“We will also continue with first pass testing of additional targets within our tenement areas, and will assess additional opportunities in the Kimberley region as they arise.”

READ: Pantoro AISC below A$1000 ($US780) in another record breaking quarter of production

Other high-grade results from Western Reef include 1 metre at 12.1 g/t within a 2 metre intersection at 6.63 g/t from 16 metres, and 1 metre at 4.9 g/t from 13 metres.

First pass drill programs were also completed at Edison, Shifty’s and Midnight prospects.

The first pass drilling returned grades exceeding 1 g/t in all prospects, including 1 metre at 7.11 g/t from 9 metres at Edison.

The widespread results confirm that extensive gold mineralisation exists throughout the 15 kilometre strike length of the Nicolsons tenement area.

Grid-based soil sampling

Pantoro has started a grid-based soil sampling program which will see the entire granted tenement package sampled during 2018.

The program is important for project generation and will be utilised in conjunction with aero-magnetic surveys completed during 2017.

2018 exploration program

Work completed to date has allowed Pantoro to plan its 2018 exploration program.

The initial focus will be on further expansion of the Nicolsons and Wagtail ore reserves.

Resource definition at Grants Creek, Paddock Well and Western Reef will begin following the wet season, with one drill rig to be committed to this work.

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Article
January 11 2018

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