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Pantoro delivers high-grade gold results from Scotia deposit at Norseman Project

Drilling at Scotia is targeting infill and extension of the 413,000-ounce mineral resource to around 150 metres below surface.

Pantoro Ltd - Pantoro delivers high-grade gold results from Scotia deposit at Norseman Project
Drilling is aimed at defining open pit and future underground mining potential

Pantoro Ltd (ASX:PNR) has received encouraging initial results from Scotia deposit at Norseman Project in WA with best results of 4 metres at 44.46 g/t gold from 174 metres including 1-metre at 115 g/t.

Scotia is the fourth major mining centre tested by Pantoro to date at Norseman and all areas drilled to date have returned results in line with expectations.

Drilling in and around the existing Scotia mineral resource of 413,000 ounces has confirmed continuity of mineralisation.

Demonstrate quality of project

Pantoro managing director Paul Cmrlec said: “These excellent results come from the fourth deposit that we have drilled at Norseman.

“Each deposit drilled to date has provided outcomes in line with or exceeding Pantoro’s expectation, demonstrating the outstanding quality of the project.”

Other highlights:

  • 4 metres at 5.51 g/t from 126 metres;
  • 2 metres at 5.33 g/t from 127 metres;
  • 1-metre at 7.95 g/t from 117 metres;
  • 5 metres at 6.30 g/t from 69 metres;
  • 1-metre at 16.6 g/t from 88 metres;
  • 3 metres at 4.38 g/t from 138 metres;
  • 4 metres at 3.87 g/t from 84 metres;
  • 4 metres at 7.61 g/t from 93 metres;
  • 5 metres at 6.43 g/t from 69 metres;
  • 12 metres at 3.44 g/t from 151 metres;
  • 2 metres at 6.54 g/t from 129 metres;
  • 1-metre at 13.7 g/t from 76 metres; and
  • 5 metres at 6.39 g/t from 95 metres;

Ongoing drilling

Around 27 holes for 3,794 metres of the planned 6,000 metre reverse circulation (RC) and diamond drilling program have been completed to date.

The objective is to define open pit and future underground mining potential.

Results to the north of the current pit and underground workings are very encouraging and will be followed up in the remainder of the planned program.

All aspects of Pantoro’s work to date have advanced in line with the project plan which is to define mineral resources and ore reserves at key mining centres within the large tenement area.

Norseman mineral resources prior to modelling of new drilling results shown.

Next for Norseman

Following the recommencement of drilling after the Christmas break, there are four drill rigs in operation at Norseman, undertaking diamond and RC drilling programs.

These are focused on resource development at Gladstone (including Daisy South), Scotia Mining Centre, Maybell Mining Centres (including Lord Percy) and Princess Royal Mining Centre (including Princess Royal/Slippers and HV5).

Additionally, drilling from underground is planned to start at the OK mine this quarter and infill drilling at Cobbler is planned upon completion of drilling at Gladstone and Scotia.

Feasibility work for the processing plant, including metallurgical and geotechnical considerations is underway along with other key infrastructure assessments.

Resource modelling

Mineral resource modelling is also scheduled during this quarter and mine design and ore reserve calculation is planned to begin as soon as updated mineral resource estimates are completed.

Norseman Project is in the Eastern Goldfields of Western Australia, at the southern end of the highly productive Norseman-Wiluna greenstone belt.

The project lies about 725 kilometres east of Perth, 200 kilometres south of Kalgoorlie and 200 kilometres north of Esperance.

Quick facts: Pantoro Ltd

Price: 0.093 AUD

Market: ASX
Market Cap: $109.36 m

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