Pantoro (ASX:PNR) - Managing Director, Paul Cmrlec - The Market Herald
Managing Director, Paul Cmrlec
Source: YouTube
Market Herald logo


Be the first with the news that moves the market
  • Pantoro (PNR) has confirmed the presence of two high-grade lodes at the Wagtail Underground Mine within its Halls Creek Project in WA
  • The company said both of these lodes extend the mineralisation and remain open down dip
  • It also revealed that the results peaked at 82.4g/t gold and drilling was continuing at Wagtail
  • Pantoro is currently trading grey with shares worth 19 cents each

Pantoro (PNR) has confirmed the presence of two high-grade lodes at the Wagtail Underground Mine within the Halls Creek Project in WA.

Both of these lodes, North Striking and North East orientated splay (REV), extend the mineralisation and remain open down dip.

The REV Lode has a strike length of 50 metres and a vertical extent of 100 metres. Further it remains open at depth and drilling is continuing.

Best results from both lodes include 3.59 metres at 82.4g/t gold, 0.45 metres at 64g/t gold, and 0.88 metres at 46.5g/t gold.

"The discovery of these new lodes is great news for the Wagtail mine and for the Halls Creek Project as a whole," Managing Director Paul Cmrlec stated.

"The deepest drilling in the lode has returned some of the most exciting results to date and the team at Halls Creek eagerly await the development of additional drilling platforms to enable the full drill out of this lode," he said.

"In addition to the REV Lode extensions, we continue to test the existing lodes outside of the current mineral resource envelope and look forward to reporting extensions to mineralisation which may further increase the mine's life," he added.

Pantoro has ended November 4 in the grey with shares trading for 19 cents each in a $267.5 million market cap.

PNR by the numbers
More From The Market Herald
Carawine Resources (ASX:CWX) - Managing Director, David Boyd - The Market Herald

" Carawine Resources (ASX:CWX) muscles high-grade hits from Hercules

Carawine Resources (CWX) has received assay results from the last 12 holes of its first drilling program at the Hercules prospect.
Castillo Copper (ASX:CCZ) - Managing Director, Simon Paull - The Market Herald

" Castillo Copper (ASX:CCZ) turns attention to Big One Deposit

With copper prices on the rise, Castillo Copper (CCZ) is refocussing its efforts on the Big One Deposit at its Mt Oxide Project
Sabre Resources (ASX:SBR) identifies major drill targets at Bonanza project

" Sabre Resources (ASX:SBR) drilling results not quite so bonanza

Sabre Resources (SBR) received no significant gold intersections in assay results from drilling at the Bonanza Gold Project in WA.
Golden Mile Resources (ASX:G88) - Managing Director, James Merrillees - The Market Herald

" Golden Mile Resources (ASX:G88) updates market on Benalla progress

Golden Mile Resources (G88) has updated the market on the current drilling program underway at the Benalla Gold Trend.