Pantoro (ASX:PNR) - Managing Director, Paul Cmrlec
Managing Director, Paul Cmrlec
Source: Pantoro
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  • Pantoro (PNR) has unveiled further high-grade gold assays at the Green Lantern deposit within the Norseman Project in WA
  • Lately, the company has been drilling the project to define a maiden mineral resource estimate
  • So far, 203 holes, for over 23,000 metres, have been drilled at Green Lantern
  • Notably, Pantoro says the Green Lantern deposit presents an extensive zone of near-surface gold mineralisation to the southeast of the existing Scotia open pit
  • On the market this afternoon, Pantoro is down 4.67 per cent and is trading at 20 cents per share

Pantoro (PNR) has unveiled further high-grade gold assays at the Green Lantern deposit within the Norseman Project in WA.

Lately, the company has been drilling the project to define a maiden mineral resource estimate. So far, 203 holes, for over 23,000 metres, have been drilled at Green Lantern.

Results from the recent drilling program include 11 metres at 2.53g/t of gold from 93 metres and 12.45 metres at 3.61g/t of gold, including 4.3 metres at 8.22g/t of gold from 78.25 metres.

Pantoro believes the Green Lantern deposit presents an extensive zone of near-surface gold mineralisation to the southeast of the existing Scotia open pit. The Scotia mining centre is located around 25 kilometres south of Norseman and continues to expand with additional drilling.

Pantoro holds 50 per cent of the Norseman project, which is located in the Eastern Goldfields of Western Australia.

“The Scotia Mining Centre continues to impress with what is shaping up to be a major discovery at Green Lantern,” Managing Director Paul Cmrlec said.

“Our understanding of the structural setting driving this mineralisation is advancing rapidly, positioning Pantoro to continue to substantially grow resources in this area,” he added.

On the market this afternoon, Pantoro is down 4.67 per cent and trading at 20 cents per share at 2:37 pm AEDT.

PNR by the numbers
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