Announcement Date: 2022-03-07
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Pantoro Ltd.
Project name: Norseman
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 15.6m @ 12.15g/t Au from 476m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Pantoro Limited (ASX:PNR) (Pantoro) is pleased to provide a further update on high grade drilling results from ongoing growth drilling of the Scotia Deeps, Green Lantern and extension drilling at Scotia North at the Norseman Gold Project (PNR 50%). The drilling program which has been active since completion of the maiden Mineral Resource and Ore Reserve at Green Lantern in September 2021 is focused on extending the known mineralisation and converting to Indicated Mineral Resource and Probable Ore Reserve. An upgrade of the Mineral Resource Estimate and Ore Reserve for the Norseman Gold Project is imminent. The continued wide and high grade intercepts achieved at depths approaching 500 metres below surface confirm the view that the Scotia Orebody presents an outstanding high grade underground opportunity which can be substantially larger than currently defined. Additional high grade underground ounces would assist to further improve the robust outcomes of the Phase one Mine Plan, potentially extending mine life and increasing annual gold production.
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