Konrad Forrest
Pantoro

Pantoro Limited advised today that its follow up RC drilling program at the recently discovered Panda Deposit has successfully extended mineralisation to the North and South, with mineralisation open in both directions along strike.

Results from the latest round of drilling include:

  • 2 m @ 12.70 g/t Au.
  • 2 m @ 9.10 g/t Au.
  • 5 m @ 4.65 g/t Au.
  • 3 m @ 9.41 g/t Au.
  • 3 m @ 3.7 g/t Au.
  • 3 m @ 4.12 g/t Au.
  • 3 m @ 3.11g/t Au.

All drilling was focussed on potential open pit material, and as such the deposit remains open at depth. The deepest hole drilled to date is approximately 150 metres below surface returning 3 m @ 9.41 g/t Au suggesting continued high grades down plunge.

Commenting on the results, Managing Director Paul Cmrlec said: “Ongoing drilling at Panda has highlighted substantial strike and depth extensions beyond the initial discovery. Mineralisation has now been identified by drilling over a distance of approximately 530 metres and down to approximately 150 metres depth in the north. The deposit is shaping up to be another important ore source within the Scotia Mining Centre and further drilling will be undertaken to test the full extent of mineralisation and to define an initial Mineral Resource and Ore Reserve available for mining when operations recommence.

Pantoro has extended its drilling programs across multiple zones at Scotia as the real potential of the area has become clear. To date Pantoro has only completed exploration drilling outside of our resource development and extension activities at Panda and the Sailfish prospect on Lake Cowan. Both areas have produced outstanding results demonstrating the great potential for ongoing discovery at Norseman.”

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