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Pantoro drills high-grade extensions of up to 88 g/t gold

The results make a bold statement for the growth potential of the Wagtail North underground gold mine.

Pantoro Ltd - Pantoro drills high-grade extensions of up to 88 g/t gold
Additional drilling is planned along the entire strike length of the Wagtail and Rowdies system

Pantoro Ltd (ASX:PNR) has drilled high-grade gold extensions to its Rowdies Lode within its operating gold mine at the Halls Creek Project in Western Australia.

The impressive results which feature 5.7 metres at 19.6 g/t gold including 0.38 metres at 88 g/t gold, extend high-grade gold 70 metres beyond the current Ore Reserve.

This bodes well for increasing the mine life as the drilled area is directly along strike of existing ore development on the upper levels.

Preparations are being made to access the ore.

Pantoro’s managing director Paul Cmrlec said: “These results demonstrate the potential for the Wagtail North underground mine to grow in a fashion similar to the Nicolsons mine when it was first developed back in 2015.

“While it has taken longer than expected to take Wagtail to full production, we are confident that the mine will provide a reliable high grade ore feed as our knowledge of the ore zones improves and the mine is fully resourced.

“These new results show extension of the Ore Reserve, and thicker, higher grade zones within the currently planned mining areas.”

Additional drilling is planned

A number of holes intersected high-grade gold in the extension area, which can be seen on the map below.

Additional drilling is planned along the entire strike length of the Wagtail and Rowdies system aimed at increasing the JORC resource and reserve.

Developing Wagtail South underground in 2020

At present Wagtail South is being mined as an open-pit operation.

Planning for underground development of the Wagtail South ore zones is underway with the commencement of development activities expected during the first half of 2020.

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ASX:PNR
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Market Cap: $182.27 m
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Pantoro Ltd in the process of upgrading to produce up to 100,000 gold ounces...

Pantoro Ltd (ASX:PNR) managing director Paul Cmrlec speaks to Proactive Investors about the gold producer's operations at the multi-faceted Halls Creek Project, in the Kimberley Region of Western Australia. At the original Nicolsons underground mine, new equipment is being deployed to...

on 3/7/18

2 min read