Panoramic Resources Reports Further Results from Savannah Underground Drilling

THE DRILL SERGEANT: Panoramic Resources (ASX: PAN) reported further strong results from ongoing infill underground Resource definition drilling at the company’s Savannah nickel project in Western Australia.

Panoramic Resources has completed a third underground drill fan to infill the Savannah orebody immediately above the 900 Fault that encountered mineralisation thicknesses that continue to be much better than predicted.

All three holes extended mineralisation along strike or down plunge, returning results of:

KUD1932
19.9 metres at 0.96 per cent nickel; 0.71 per cent copper; 0.05 per cent cobalt from 104.15m, including 8.9m at 1.33 per cent nickel; 0.57 per cent copper; 0.07 per cent cobalt from 104.15m;

KUD1937
16.95m at 0.97 per cent nickel; 0.42 per cent copper; 0.05 per cent cobalt from 114.05m, including 5.95m at 2.05 per cent nickel; 0.7 per cent copper; 0.1 per cent cobalt from 114.05m; and

KUD1942
9m at 0.82 per cent nickel; 0.25 per cent copper; 0.04 per cent cobalt from 140.3m.

The company believes the results from the first three drill fans above the 900 Fault have the potential to greatly increase the Mineral Resource in this area of the mine and support the development of a second mining front to supplement mining operations at Savannah North.

“The continued success of the drill program to infill and extend the Savannah orebody immediately above the 900 Fault is very pleasing,” Panoramic Resources managing director and CEO Victor Rajasooriar said in the company’s ASX announcement.

“The results from the third completed drill fan in this area strongly supports the initial two drill fans and together they show potential to increase our mineral inventory above the 900 Fault and support the planned opening of a new mining front over the next 12 months.

“This will supplement and further de-risk the current mining operations at Savannah North.

“We look forward to announcing more drill results from the ongoing drilling within Savannah in due course.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@panres.com

 

Web: www.panoramicresources.com