Announcement Date: 2022-07-25
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Pantoro Ltd.
Project name: Norseman
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 38m @ 5.85g/t Au from 134m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Pantoro Limited (ASX:PNR) (Pantoro) is pleased to advise that drilling on Stage Two of the open pit plan at Green Lantern at the Norseman Project (PNR:50%) continues to prove up. Stage Two is not currently included in the Ore Reserve and results from the final round of infill drilling are being utilised to finalise an update to the current Mineral Resource and Ore Reserve. The Scotia mining centre is located approximately 25 kilometres south of Norseman and was discovered in 1893. The historic production recorded from the Scotia mine via open pit and underground mining was 811,000 tonnes @ 5.9 g/t Au for 155,000 ounces. Scotia was actively mined from 1987 until 1996. Scotia hosts a number of Mineral Resource areas in close proximity, and several zones where high grade mineral occurrences have not yet been classified. The mineralisation at Scotia is hosted by a shear zone that transects the Woolyeenyer Formation. The geological environment differs from that at Norseman, in that the stratigraphy has been subjected to higher metamorphic grades. Primary gold is located in shear zones with quartz sulphide veins predominantly pyrrhotite and is structurally controlled by closely spaced brittle faults of varying orientations.
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