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Panoramic Resources on track to mine first ore from Savannah North in November

Access development is scheduled to commence in October 2019, with first ore from Savannah North on track to be mined in November this year.

Panoramic Resources Ltd - Panoramic Resources on track to mine first ore from Savannah North in November
Savannah North ore reserve drilling has returned better than expected widths and grades

Panoramic Resources Ltd (ASX:PAN) commenced the Savannah North ore reserve infill drilling in June, with 9,298 drill metres completed in the quarter.

The infill drilling program is concentrating on the areas above and below the Savannah North 1381 Level, the first production level to be developed.

The balance of the drilling is focused on the Savannah North Upper Zone crown area at the upper limit of the known resources.

Core tray of massive sulphides from Savannah North Upper Zone Crown area

The drilling to date has generally returned better than expected widths and grades.

Savannah North development

Significant improvements were recorded in lateral development and raise bore advancement during the quarter.

Total lateral development was 1,054 metres, a 21% improvement on the June 2019 quarter.

The twin declines were within 200 metres of the first Savannah North ore by the end of September 2019 and, as at 10 October, are only 70 metres from the orebody.

Access development is scheduled to commence in October 2019, with first ore from Savannah North on track to be mined in November this year.

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Price: 0.33 AUD

ASX:PAN
Market: ASX
Market Cap: $191.13 m
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