Pantoro Ltd (ASX:PNR) has drilled out higher than expected gold in its grade control drilling within the open pit mine designs of its 100% owned Halls Creek Project in Western Australia.
The project hosts the producing Nicolsons underground gold mine and the Rowdies and Wagtail open pits where mining has started this month.
Mining is underway at the Wagtail North and Rowdies pits with Wagtail South due to commence works early in November.
Grade control drilling at Wagtail South and Wagtail North produced intersections of 6 metres at 26.15 g/t gold and grades up to 49.4 g/t gold.
“While we expected some high grade ore to be encountered in the grade control programs, these drill results have again exceeded our expectations”, said Paul Cmrlec, managing director.Risk Warning:
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.