Announcement Date: 2022-04-05
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Panoramic Resources Ltd.
Project name: Savannah
Location: Australia
Commodities: Copper,Nickel,Cobalt
Highlight: Drilling results incl. 40.5m @ 1.96% Ni, 0.75% Cu, 0.15% Co from 200.5m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Panoramic Resources Limited (ASX:PAN) (“Panoramic” or the “Company”) is pleased to provide an update on ongoing infill underground Resource definition drilling at the Company’s Savannah Nickel Project in Western Australia. results for the first three holes completed in this area have been received and returned with better than expected results with all three holes returning thicker and higher-grade intersections than predicted. The standout drill result was drill hole KUD1891 which returned a combined Upper and Lower Mineralisation Lens intersection of 40.55m at 1.96% Ni, 0.75% Cu and 0.15% Co. The junction (bifurcation) between the Upper and Lower Mineralisation lenses at Savannah North is often an area of increased mineralisation thickness and grade. The previous best Savannah North intersection near the junction between the two mineralisation lenses was achieved by drill hole KUD1533 in 2015 which returned an intersection of 37.2m at 1.58% Ni, 0.67% Cu and 0.12% Co.
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