Wide Returns Confirm Mineralisation Extent
Pantoro Limited (ASX:PNR) has obtained further high grade drilling results from the Scotia Deeps programme currently underway at the Norseman Gold Project (PNR: 50%) in Western Australia.
The programme is designed to extend known mineralisation and convert current Inferred and unclassified material to Indicated Mineral Resource and Probable Ore Reserve.
Key Highlights
New high-grade results from outside of the current Ore Reserve including:
- 7.2 m @ 17.58 g/t Au from 431.2 m. 4.4 m @ 6.1 g/t Au from 505.6 m. 11.3 m @ 5.1 g/t Au from 364.7 m. 3 m @ 5.19 g/t Au from 152 m.
- 1.2 m @ 16.26 g/t Au from 480.8 m. 2.9 m @ 8.05 g/t Au from 258.1 m. 5.4 m @ 3.99 g/t Au from 379.4 m. 2 m @ 7.2 g/t Au from 357 m.
- 2 m @ 7.46 g/t Au from 17 m.
- 18 m @ 8.29 g/t Au from 174 m.
- 6 m @ 11.68 g/t Au from 114 m.
- 11 m @ 3.22 g/t Au from 179 m inc. 4 m @ 6.81 g/t Au .
Managing Director, Paul Cmrlec, said results received to date have successfully confirmed continuity of Inferred Mineral Resources and unclassified mineralisation, revealing consistent ore zones ideal for open stoping.
He said these results are expected to deliver additional Ore Reserves, further extending the current mine life and annual gold production.
“Drilling within the Scotia Mining Centre has been an outstanding success, both in extending known orebodies and in discovery of new mineralised zones. The results at depth confirm that the Scotia Mining Centre will be a long life, very high-grade ore source for the Norseman Gold Project for many years to come,” Mr Cmrlec said.
Drilling has been ongoing at Scotia Deeps throughout Pantoro’s drilling campaign over the past 18 months. While the current Phase One Mine Plan only includes modest underground Ore Reserves from Scotia, Pantoro believes 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 facilitate further improvement of the robust outcomes of the Phase One Mine Plan, potentially extending mine life and increasing annual gold production.
Pantoro anticipates completion of the current phase of drilling during the December 2021 quarter, and intends to re-estimate Mineral Resources and Ore Reserves during the March 2022 quarter. Additional phases of drilling are expected to be ongoing at the Scotia Mining Centre for the foreseeable future.
Scotia Mining Centre
The Scotia Mining Centre is located approximately 25 km 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. Pantoro has been very successful in demonstrating the value of the Scotia Mining Centre, with a current Mineral Resource of 10,618 Kt @ 2.2 g/t Au for 753,000 ounces and Ore Reserve of 4,216 Kt @ 2.2 g/t Au for 298,000 Ounces.
For further information please visit: https://www.pantoro.com.au/
