| Announcement Date: | 2022-04-05 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | JORC |
| Company name: | Pantoro Ltd. |
| Project name: | Norseman |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Updated Resource and Reserve Estimates for Project |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Pantoro Limited (ASX:PNR) (Pantoro) is pleased to announce an update to the Mineral Resource Estimates and Ore Reserve at the Scotia deposit, which forms part of the Scotia Mining Centre at the Norseman Gold Project (PNR: 50%). The Scotia gold deposit is located approximately 25 kilometres south of Norseman and was discovered in 1893, seven months after the original find at the Maybell deposit in the Dundas field. The historic production recorded from the Scotia mine from Central Norseman Gold Corporation production via open pit and underground mining between 1987 and 1996, was 811,000 tonnes @ 5.9 g/t Au for 155,000 ounces. The Scotia Deposit is a key part of the Phase One DFS completed in October 2020, and since that time Pantoro has completed an extensive infill and extensional drilling program. During 2021 and into early 2022 an additional 55,647 metres of drilling from 91 reverse circulation and 85 diamond core drill holes has been completed. Drilling during 2021/2022 has targeted the underground mineral resources at the Scotia deposit. The current drilling which is designed to achieve spacing suitable for Ore Reserve calculation (nominally 30 m x 30 m), has continued to increase resource confidence, infilling multiple lodes and further refining understanding of the controls on mineralisation. |
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