Pantoro Confirms High-Grade Mineralisation at Gladstone-Everlasting

THE DRILL SERGEANT: Pantoro Limited (ASX: PNR) released initial drilling results from the Gladstone-Everlasting deposit (Gladstone) at the company’s 50 per cent-owned Norseman gold project in Western Australia.

Pantoro has been drilling at the Gladstone deposit since September 2019 and has completed approximately 5,500 metres of the planed 8,000 metre RC and Diamond drilling program to date.

Drilling in and around the existing Mineral Resource has confirmed continuity of mineralisation with better intercepts to date including:

4 metres at 8.26 grams per tonne gold, including 2m at 14.23g/t gold;
2m at 11.42 g/t gold;
2m at 3.38 g/t gold;
1m at 6.06 g/t gold;
1m at 5.90 g/t gold;
1m at 20.3 g/t gold;
3m at 9.95 g/t gold;
3m at 6.95 g/t gold, including 1m at 11.17 g/t gold;
1.4m at 15.62 g/t gold; and
15m at 4.58 g/t gold, including 6m at 9.27 g/t gold.

“Drilling has progressed as expected at Norseman and these latest results from Gladstone-Everlasting again highlighting the high-quality near-term production opportunities already existing within the project,” Pantoro managing director Paul Cmrlec said in the company’s announcement to the Australian Securities Exchange.

“To date, we have released results from Princess Royal/Slippers, Daisy South and now Gladstone Everlasting.

“All areas tested to date have met or exceeded our expectations.”