EXPLORATION & DEVELOPMENT

More Scotia gold success for Pantoro

Exploration drilling going well in historical gold field

This article is 4 years old. Images might not display.

Pantoro said drilling had returned a number of wide, ore grade intersections in a zone which has not been previously tested.

Mineralisation has reportedly been found over a strike length of 300m, with gold found in both a wide, lower grade lode, and higher grade zones.

Examples included 16m at 2.6 grams per tonne gold and 3m at 6.1gpt gold.

Another Scotia prospect called Lady Eleanor has also yielded mineralised intercepts.

Scotia is 25km south of Norseman and has a current resource of 2.43 million tonne grading 5.3gpt for 413,000oz.

Scotia is one of multiple areas in the Norseman region being targeted by Pantoro, which has a 50% interest in the project.

The aim is to initially establish an initial inventory of about 500,000 ounces to support a restart of operations.

The initial drill-out of these first areas is nearing completion, with resource modelling due for completion in the current quarter.

Shares in Pantoro were unchanged at 24.5c in afternoon trade, capitalising the company at $339 million.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Company ESG Index: Benchmarking the Future of Sustainable Mining

The Mining Company ESG Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.