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- A result exceeding 18g/t gold was discovered the maiden drill program at the Norseman gold project
- A short exploration program was undertaken at the Slippers deposit to confirm the continuity of mineralisation along strike
- Approvals have been received for future drilling across the tenement package
Pantoro has had a successful start to its maiden drilling program at the Norseman gold project with one results exceeding 18g/t gold.
A short exploration program was undertaken at the Slippers deposit to confirm the continuity of mineralisation along strike of a more detailed drill out for mineral resource updates and mine design.
Besides the 18.02g/t gold result other significant results include one metre at 17.5g/t gold from 67 metres, two metres at 15.8g/t gold for 39 metres and 11 metres at 9.10g/t gold.
The Slippers deposit is part of the Princess Royal ore system.
Princess Royal is situated approximately eight kilometres NNE of the Norseman town site in Western Australia and forms part of the North Royal Mining Centre.
Its orebody is exposed at surface and was worked on from 1897 to 1910. The area was then dormant until Central Norseman bought the occupancy is 1935.
Irregular assessment of the area was undertaken until 1941 when underground development re-commenced in 1986.
The indicated and inferred mineral resource at Slippers is currently 548,000 tonnes at 3.1g/t gold for 55,000 ounces. Additional mineral resources of 508,000 tonnes at 1.26g/t gold for 21,000 ounces have been estimated adjacent to palaeochannel deposits.
“These excellent results are what we expected in commencing work at Norseman. The size of the goldfield at Norseman and quality of targets for both recommencement of production and exploration discovery is second to none in our view,” Managing Director Paul Cmrlec said.
With the initial program completed at Slippers, drilling has moved to the Gladstone-Everlasting deposit where the current mineral resource stands at 2,701,000 tonnes at 2.9g/t gold for 252,000 ounces.
Drilling is focused on infill and extension of the current mineral resource and potential for ongoing growth at the deposit is high.
Pantoro has received approvals for drilling across the tenement package and is enacting its development plan for the site.
Presently only one drill rig is active with a second one planned for mobilisation during the upcoming weeks and a third planned for the upcoming months.
A number of deposits are targeted for the near term with initial targets primarily open with potential for ongoing underground mining.
