Posts

THE DAILY ROADHOUSE

 

De Grey Mining Extends Mineralisation at Hemi Gold Discovery

THE DRILL SERGEANT: De Grey Mining (ASX: DEG) reported encouraging signs from drilling underway at the recent Hemi discovery at the company’s Mallina gold project in Western Australia.

Ausgold in Heightened Drilling Mode at KGP

THE DRILL SERGEANT: Ausgold (ASX: AUC) reported on recent drilling activity at the company’s 100 per cent-owned Katanning gold project (KGP) in Western Australia.

Pantoro Eyes Mineralised Extensions to Norseman Deposits

THE DRILL SERGEANT: Pantoro (ASX: PNR) reported latest drilling results from the Scotia, Daisy South and Gladstone-Everlasting deposits at the company’s Norseman gold project in Western Australia.

Ardea Resources Defines Shallow, High-Grade Gold at Big Four Gold

THE DRILL SERGEANT: Ardea Resources (ASX: ARL) has completed an 11-hole RC drilling program at the historic Big Four gold mine, south of Goongarrie in Western Australia.

Black Cat Syndicate Relies More on Strategy Than Luck

THE CONFERENCE CALLER: All of the planets seem to be lining up for Black Cat Syndicate (ASX: BC8) as it prepares to make the transition from explorer to miner in one of Western Australia’s most overlooked gold districts. By Mark Fraser 

 

Pantoro Eyes Mineralised Extensions to Norseman Deposits

THE DRILL SERGEANT: Pantoro (ASX: PNR) reported latest drilling results from the Scotia, Daisy South and Gladstone-Everlasting deposits at the company’s Norseman gold project in Western Australia.

Pantoro has been RC and diamond drilling at Norseman since August 2019 with approximately 23,000 metres completed to date.

The company expects the programs to be substantially completed during the March quarter 2020 in advance of Mineral Resource estimates and Ore Reserve calculation.

The current Mineral Resource at Norseman is 4.4 million ounces of gold (PNR interest 50%).

Many of the Mineral Resources defined to date remain open along strike and at depth, and many of the Mineral Resources have only been tested to shallow depths.

The recent drilling has returned intersections, which the company considers to confirm thick high-grade mineralisation outside of existing Mineral Resources at Scotia, Gladstone-Everlasting and Daisy South.

The existing open pits at Gladstone and Scotia were historically mined at average grades of greater than four grams per tonne gold.

Pantoro sees these representing large volume, high-grade surface mining opportunities with outstanding metrics relative to many of its peers within the Australian resource sector.

Scotia
5 metres at 15.91 grams per tonne gold;
8.7m at 9.89g/t gold;
2m at 10.62g/t gold; and
2m at 6.55g/t gold.

Daisy South
3m at 12.13g/t gold;
4m at 4.32g/t gold;
3m at 4.93g/t gold; and
1m at 40.7g/t gold.

Gladstone/Everlasting
7m at 8.67g/t gold;
3m at 4.57g/t gold; and
7m at 3.08g/t gold.

The result of 5m at 15.91g/t at Scotia is located approximately 250m west of the current Mineral Resource, which Pantoro believes may represent the discovery of a new high-grade parallel lode system, not previously identified by shallow sterilisation drilling.

The company has additional drilling to further define the structure.

The new results from the Everlasting deposit have been interpreted to indicate a southern extension to mineralisation which has not been previously tested.

Southern extensions to the Everlasting deposit remain open to the south.

The company considers the Daisy South results indicate an extension to the lode system further North toward the previously mined Daisy pit as these new results are within an interpreted structural step north of the main Daisy south orebody where drilling recently identified a large dilation.

“The initial drill out of these first targets is nearing completion and work relating to Mineral Resource estimation and conversion to Ore Reserves is expected to commence during the current quarter,” Pantoro said in its ASX announcement.

 

Email: admin@pantoro.com.au

Web: www.pantoro.com.au

 

THE DAILY ROADHOUSE

 

Ausgold Intersects Further High-Grades at Katanning

THE DRILL SERGEANT: Ausgold Limited (ASX: AUC) released the latest drilling results achieved at the Central Zone within the company’s 100 per cent-owned Katanning gold project (KGP) in Western Australia.

Matsa Resources Encounters Gold in New Olympic Target

THE DRILL SERGEANT: Matsa Resources (ASX: MAT) released further results from its December 2019 RC drilling program, which was designed to test a number of exploration targets close to the company’s Red October gold mine in Western Australia.

Pantoro Releases Additional Daisy South and Gladstone-Everlasting Results

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

Southern Gold Confirms Deokon Mineralisation

THE DRILL SERGEANT: Southern Gold (ASX: SAU) announced assays for a maiden diamond drilling program undertaken at the company’s Deokon project in South Korea.

 

Pantoro Releases Additional Daisy South and Gladstone-Everlasting Results

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

Pantoro has been drilling in the area since September 2019 and expects to complete drilling on the prospects during the coming weeks in advance of re-estimation of the current Mineral Resource.

The Daisy South and Gladstone-Everlasting deposits are part of the Gladstone Mining Centre, one of the six key focus areas for Pantoro at Norseman.

Drilling in and around the existing Mineral Resource area has identified a wide zone of mineralisation at Daisy South supporting the structural model.

Drilling at Gladstone-Everlasting has demonstrated continuity of the higher-grade mineralisation, while indicating southern extensions to the Everlasting deposit outside of current indicative open pit optimisations.

Pantoro already has additional drilling around these extensions underway.

Continuity of mineralisation at both Daisy South and Gladstone-Everlasting has been confirmed with best new results including:

Daisy South

31 metres at 3.75 grams per tonne gold;
2m at 3.67g/t gold;
3m at 4.01g/t gold; and
3m at 4.13g/t gold.

Gladstone-Everlasting

2.8m at 20.07g/t gold;
2.02m at 8.35g/t gold;
0.95m at 24.55g/t gold;
2.02m at 8.35g/t gold; and
2.4m at 3.41g/t gold.

Pantoro indicated it has re-modelling of the Mineral Resource at the Gladstone Mining Centre underway using both existing and new drilling data.

Once this is completed, the company expects mine planning and Ore Reserve definition for the deposit will commence during the current quarter.

The current Mineral Resource at Gladstone-Everlasting is approximately 250,000 ounces.

“Norseman continues to return excellent results, and the site is shaping up to be a significant near term multi-mine production centre, as we expected when acquiring the project,” Pantoro managing director Paul Cmrlec said in the company’s announcement to the Australian Securities Exchange.

“We remain focussed on the mine planning and infrastructure works required for recommencement of operations in line with the project timeline.”

 

Email: admin@pantoro.com.au

Web: www.pantoro.com.au

 

THE DAILY ROADHOUSE 21/1/20

 

Corazon Mining Doubles Down on Lynn Lake Drill Results

THE DRILL SERGEANT: Corazon Mining (ASX: CZN) released further assay results from the latest phase of drilling to be completed at the company’s 100 per cent-owned Lynn Lake nickel-copper-cobalt sulphide project in Manitoba, Canada.

Pantoro Continues Scotia Run

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

Western Areas Awards new Forrestania Offtake Contracts

THE BOURSE WHISPERER: Western Areas (ASX: WSA) has inked new offtake contracts with BHP Billiton Nickel West Pty Ltd and Jinchuan Co. Ltd for the company’s high-grade Forrestania Nickel Operation concentrate product.

 

Pantoro Continues Scotia Run

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

Pantoro commenced drilling at Scotia in October 2019 and has completed around 27 holes of the planed RC and Diamond drilling program to date.

The Scotia gold deposit is located approximately 25 kilometres south of Norseman and is part of the Scotia Mining Centre that also includes the Taurus, Lady Eleanor and Free Gift deposits that combine for a Mineral Resource estimated to contain approximately 2.43 million tonnes at 5.3 grams per tonne gold for 413,000 ounces of gold.

Scotia is the fourth major mining centre tested by Pantoro at Norseman.

All areas the company has drilled to date have returned excellent results in line with expectations.

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

4 metres at 44.46 grams per tonne gold , including 1m at 115g/t gold ;
4m at 5.51g/t gold;
2m at 5.33g/t gold;
1m at 7.95g/t gold;
5m at 6.3g/t gold;
1m at 16.6g/t gold;
3m at 4.38g/t gold; and
4m at 3.87g/t gold.

Pantoro is drilling at Scotia targeting infill and extension of the current 413,000-ounce Mineral Resource to approximately 150 metres below surface.

The company’s objective is to define both open pit and future underground mining potential.

Results to the north of the current pit and underground workings have been encouraging and will be followed up in the remainder of the planned program.

“These excellent results come from the fourth deposit that we have drilled at Norseman,” Pantoro managing director Paul Cmrlec said in the company’s announcement to the Australian Securities Exchange.

“Each deposit drilled to date has provided outcomes in line with or exceeding Pantoro’s expectation, demonstrating the outstanding quality of the project.”

 

Email: admin@pantoro.com.au

Web: www.pantoro.com.au

 

THE DAILY ROADHOUSE

 

Pioneer Resources Estimates Initial Inferred Mineral Resource for Cade Spodumene Deposit

THE DRILL SERGEANT: Pioneer Resources (ASX: PIO) declared it has completed sufficient exploration to estimate an initial Inferred Mineral Resource for the Cade spodumene deposit within the company’s 100 per cent-owned Pioneer Dome project in Western Australia.

Calidus Resources Drilling Underpins Open Pit Resource Upgrade

THE DRILL SERGEANT: Calidus Resources (ASX: CAI) reported the final batch of RC drilling results from inside the planned Klondyke pit at the company’s 1.25 million-ounce Warrawoona gold project in Western Australia.

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.

Cassini Resources and OZ Minerals Expand WMP Tenure

THE BOURSE WHISPERER: Cassini Resources (ASX: CZI) announced an extension to exploration tenure at the West Musgrave Project (WMP), a Joint Venture with OZ Minerals Limited (ASX: OZL) in Western Australia.

Carawine Resources Drilling at Victorian Gold-Copper Project Deposit

THE DRILL SERGEANT: Carawine Resources (ASX: CWX) has commenced diamond drilling at the company’s 100 per cent-owned Jamieson project in northeast Victoria that hosts the Hill 800 and Rhyolite Creek prospects.

Ardea Resources Set to Drill at Mulga Plum Gold Deposit

THE DRILL SERGEANT: Ardea Resources (ASX: ARL) reported that rock chip sampling of old workings spoil and sporadic outcrop at the company’s Mulga Plum gold prospect in Western Australia has confirmed gold mineralisation over an area of at least 200 square metres.

 

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.”

 

Email: admin@pantoro.com.au

Web: www.pantoro.com.au

 

THE DAILY ROADHOUSE

 

 

Pantoro Considers Norseman Processing Plant Options Review Outcomes

THE BOURSE WHISPERER: Pantoro Limited (ASX: PNR) has completed a Processing Plant Options Review and Scoping Estimate at the company’s Norseman gold project in Western Australia.

St George Mining Drills Deeper for Thicker Intercepts

THE DRILL SERGEANT: St George Mining (ASX: SGQ) confirmed further extensions of high-grade mineralisation at the company’s Mt Alexander project, located in the north-eastern Goldfields of Western Australia.

Image Resources Secures December Quarter Sales

THE BOURSE WHISPERER: Image Resources (ASX: IMA) has secured sales agreements from off-take partners for the December quarter 2019.

Virgo Resources to IPO With Namibia-Botswana Projects

THE BOURSE WHISPERER: Former Gold Road Resources (ASX: GOR) chairman Ian Murray is about to launch a new company on the boards of the Australian Securities Exchange.

 

Pantoro Considers Norseman Processing Plant Options Review Outcomes

THE BOURSE WHISPERER: Pantoro Limited (ASX: PNR) has completed a Processing Plant Options Review and Scoping Estimate at the company’s Norseman gold project in Western Australia.

The study was completed by Como Engineers and considered three options for the processing plant including:

Option A – Refurbishment of existing structures and equipment in the existing location. The existing plant configuration utilises primary crushing, and a high aspect SAG mill and ball mill in series;

Option B – Reconstruction of the processing facility with the same configuration at a new location using a combination of refurbished existing major equipment and new structures, piping, electrical and services in a new location; and

Option C – Construction of a completely new processing facility utilising primary and secondary crushing and a single 2.3MW ball mill.

The review concluded the existing leaching circuit to be extensively corroded and in addition to the large capital repair cost would have a high operating cost due to the historical air operated Pachuca tanks in place.

As such, all options included a new leaching circuit using a modern mechanically agitated CIL circuit.

The review found that Options A and B require similar expenditure, while the Option C capital requirement is approximately $10 million higher.

Option A was noted to be higher risk from both safety and financial perspectives.

Option B was therefore chosen for detailed design and cost estimation prior to construction.

“The outcome of this study provides Pantoro with a clear way forward for reconstruction of the Norseman processing facility,” Pantoro managing director Paul Cmrlec said in the company’s announcement to the Australian Securities Exchange.

“The large amount of existing infrastructure at the site provides a major reduction in capital costs for the project, and the review confirms our pre-acquisition cost assumptions.

“We look forward to commencing the definitive plant design and cost calculation in the new year. The project is advancing as expected as we progress towards re-commencement of production.”

 

Email: admin@pantoro.com.au

Web: www.pantoro.com.au