Skip to main content
The Markets by Proactive
Go to Proactive UK
Proactive UK has moved. Proactive’s coverage of London’s small caps continues on proactiveinvestors.com Go there →
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Gold & silver

Pantoro extends high-grade Scotia mineralisation as drilling points to mine life growth

Pantoro Gold Ltd (ASX:PNR, OTC:PNTOF, FRA:RKN) has reported further strong drilling results from the Scotia Underground Mine at its 100%-owned Norseman Gold Project in Western Australia. Underground and surface drilling at Scotia has returned multiple wide, high-grade gold hits, supporting potential resource growth below the current mine plan and opening up further development opportunities across the Norseman project.

Extensional drilling at Central Scotia is confirming wide, high-grade mineralisation below the current indicated resource, and grade control drilling is returning additional high-grade intersections within the existing mine plan.

The company has also approved extra levels outside the current mine plan, pointing to further mine life extension.

Key drill results

Central Scotia

  • 16.09 metres at 10.59 grams per ton (g/t) gold, including 1.58m at 30.48 g/t, 1.75m at 41.72 g/t and 1.31m at 18.02 g/t
  • 10.29 metres at 6.31 g/t gold, including 3.28m at 15.78 g/t
  • 10.48 metres at 6.74 g/t gold, including 1.01m at 9.99 g/t, 0.94m at 23.21 g/t and 1.0m at 29.17 g/t
  • 7.05 metres at 11.2 g/t gold, including 0.93m at 25.46 g/t and 0.92m at 55.28 g/t
  • 3.52 metres at 49.82 g/t gold, including 1.69m at 102.44 g/t
  • 2.24 metres at 21.13 g/t gold, including 0.55m at 67.44 g/t
  • 3.11 metres at 8.26 g/t gold, including 0.83m at 30.33 g/t
  • 0.45 metres at 66.15 g/t gold

Scotia North

  • 3.35 metres at 14.82 g/t gold, including 2.7m at 18.11 g/t
  • 4.31 metres at 8.89 g/t gold, including 1.45m at 18.78 g/t
  • 3.08 metres at 6.21 g/t gold, including 0.86m at 10.98 g/t
  • 5.84 metres at 3.42 g/t gold, including 0.79m at 8.41 g/t and 0.87m at 6.36 g/t
  • 3.07 metres at 11.92 g/t gold, including 0.83m at 37.67 g/t
  • 1.75 metres at 11.91 g/t gold, including 0.37m at 48.77 g/t and 0.38m at 6.41 g/t

Scotia South

2.7 metres at 25.15 g/t gold, including 0.36m at 59.29 g/t and 0.62m at 49.67 g/t

Taurus

4.8 metres at 15.57 g/t gold, including 0.76m at 42.12 g/t and 1.0m at 28.88 g/t

Scotia Underground Mine in long-section with recent drill results.

What the results mean

Central Scotia results confirm high-grade mineralisation extends at least 50 metres below the current resource, highlighting strong potential for resource growth at depth.

Consistent high-grade intersections across Scotia North and Taurus support the integrity of the current mine plan and enhance short-term production confidence.

Additional mineralisation at Scotia South demonstrates broader system growth and reinforces the scale potential of the Scotia mining centre.

Approval of new development levels outside the existing mine plan signals a clear pathway to extending mine life and expanding underground operations.

Scotia is expected to become the largest underground mining centre at Norseman, with a current resource of 1.90 million tonnes at 5.32 g/t gold for 329,000 ounces, underpinning Pantoro’s broader production growth strategy.

Next steps

Pantoro has a busy few months ahead, with investors to look forward to:

  • Ongoing underground infill and extensional drilling to expand the Scotia resource base.
  • Testing of depth and lateral extensions to convert drilling success into additional mineable areas.
  • Integration of new mineralised zones into future mine planning and development schedules.
  • Continued focus on scaling underground production at Norseman as new levels are brought online.
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK