Pantoro Ltd (ASX:PNR) has confirmed initial positive results from diamond and reverse circulation drilling at the Daisy South Deposit, part of the Norseman Gold Project in WA.
Assay results from the first nine holes of an initial 28-hole drilling program have been received with outstanding results.
The drilling has focussed on extending the existing resource and following up on a preliminary structural assessment of the Gladstone-Daisy corridor, with new results including:
- 7 metres at 28.8 g/t gold including 2 metres at 94.2 g/t gold;
- 1.62 metres at 31.53 g/t gold including 0.4 metres at 87.01 g/t gold;
- 13 metres at 4.72 g/t gold including 1 metre at 25.90 g/t gold;
- 1.40 metres at 9.96 g/t gold;
- 1 metre at 8.81 g/t gold; and
- 0.6 metres at 29.6 g/t gold.
Drill hole location plan – Daisy South
Pantoro managing director Paul Cmrlec said: “Pantoros drilling programs at Norseman are proceeding as planned in the areas identified as the likely first production targets upon recommencement of operations.
“These initial results at Daisy South demonstrate the quality of mineralisation available for mining at Norseman, and we expect further results from Daisy South, Gladstone Everlasting and Scotia in the near term.
“Drilling of the initial production targets is expected to be completed during the first quarter of the 2020 calendar year and will be followed by mine design and approval processes required to convert Mineral Resource to Ore Reserves.
High grade ore zone in the Daisy Open Pit showing the pinch and swell of the veining
“There are a large number of existing Mineral Resources and mineralised zones ready for resource development activities at Norseman and Pantoro will continue to focus on growth of the immediate mine plan while also considering next exploration targets within the project area.
“Pantoro settled the acquisition of Norseman only four months ago and progress to date has completely met our expectations.”
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