Panoramic hits high-grades beneath Heron South pit

THE DRILL SERGEANT: Panoramic Resources has received the results for a first pass of resource verification Reverse Circulation (RC) drilling completed beneath the Heron South pit at the company’s Gidgee project, located 640 kilometres northeast of Perth.

Best intersections from the drilling program include:

–    6 metres at 37.13 grams per tonne gold from 123 metres;

–    8m at 8.11g/t gold from 146m; and

–    6m at 6.44g/t gold from 129m.

In December 2011, Panoramic completed a seven-hole RC drill program for 1,368 metres beneath the Heron South pit at the Gidgee project.

The company has now received final one metre assays results for this program.

In its ASX announcement Panoramic said the latest results, combined with several historical drill holes, have confirmed the presence of a consistent, steep, east dipping, mineralised bedrock structure beneath the Heron South pit.

 

Longitudinal section Heron South pit showing drill hole pierce points and grades. Source: Company announcement

This mineralised bedrock structure is open to the north, south and at depth with a consistent nature of bedrock structure that allows the company to estimate the true width of each intersection.

Further RC drilling and metallurgical testwork is scheduled for Heron South this calendar year.