Pantoro Limited (ASX:PNR) Announces Initial Drill Results
Exploration Results
Pantoro Limited (ASX:PNR) has announced initial results from the first phase of its exploration drilling in the high-grade Butterfly area of the Southern Mainfield reef system. The program targets four key quartz reefs, including the Mararoa Reef, Butterfly NW structures, the Royal Standard Reef, and the Pascoe’s Cross Link structure.
Over 5,000 metres of diamond drilling have been completed to date, achieving approximately 60% of the planned first phase. High-grade mineralisation has been identified in all drilled lodes, with notable intersections such as 3 metres at 485.43 g/t Au incl. 1 metre at 1,420 g/t Au in the Mararoa Reef. Additional significant results include 2 metres at 41.6 g/t Au incl. 1 metre at 82.5 g/t Au in the Pascoe’s Cross Link and multiple high-grade intercepts in the Royal Standard Reef and Butterfly NW Structures.
Growth Strategy
These drilling results are a crucial component of Pantoro’s growth program, which aims to identify and develop at least two additional high-grade underground mines in the medium term. The Southern Mainfield structures are accessible from existing capital infrastructure, providing a clear pathway for future underground development and production. The ongoing drilling is expected to reinforce the scale and quality of the opportunities in the southern portion of the Mainfield, supporting Pantoro’s long-term vision for the Norseman Gold Project.
Executive Comments
Pantoro Managing Director Paul Cmrlec stated, “These initial results from the Butterfly area mark an important step in advancing our understanding and development of multiple structures in the Southern Mainfield. Importantly, these structures are accessible from the historic Viking Decline, providing a clear pathway for future underground development and production. This drilling program is a key element of our growth strategy to develop at least two additional underground mines at Norseman in the medium-term. With drilling ongoing, we are confident that further results will reinforce the scale and quality of the opportunity in the southern part of the Mainfield, supporting our long-term vision for Norseman.”
Motley Fool contributor Lauren Surplice has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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