Pantoro Ltd (ASX:PNR) has received initial exploration results grading up to 37 g/t gold from its 100% owned Grants Creek Project in the Halls Creek area of Western Australia.
Results feature 5 metres at 9.25 g/t gold from 38 metres at the Perseverance prospect and 2 metres at 11.04 g/t gold from 46 metres at the Star of Kimberley prospect.
Notably, Grants Creek was only recently acquired and is part of Pantoro’s strategy to consolidate prospective ground in the region.
READ: Pantoro shares Nicolsons Gold Project drilling highlights from Kimberley
Pantoro’s managing director Paul Cmrlec said: “The exploration results from the first drill targets at Grants Creek highlight the huge potential of the broader Halls Creek goldfields which are virtually untested by modern exploration.
“These new results demonstrate the near-term potential for high-grade ore sources outside of the Nicolsons Project area.
Only commercial processing plant in the area
“Pantoro owns the only commercial scale processing plant in the area, with the closest facility (which is not currently operating) approximately 300 kilometres to the south.
“The Grants Creek project presents a large number of prospects to be tested, with historical mining, surface rock chip sampling and soil geochemistry demonstrating the occurrence of gold mineralisation over several kilometres of strike.”
Perseverance and Star of Kimberley were historical production centres
Drilling aimed to evaluate the open pit potential at the historical production centres of Perseverance and Star of Kimberley.
Highlights from the first batch of results include:
Perseverance
5 metres at 9.25 g/t gold from 38 metres including 1 metre at 37.1 g/t gold;
3 metres at7.55 g/t gold from 12 metres including 1 metre at 10.61 g/t gold;
3 metres at 7.79 g/t gold from 62 metres including 1 metre at 14.7 g/t gold;
2 metres at 5.55 g/t gold from 12 metres;
2 metres at 5.56 g/t gold from 61 metres; and
2 metres at 5.19 g/t gold from 29 metres.
Star of Kimberley
2 metres at 11.04 g/t gold from 46 metres including 1 metre at 20.3 g/t gold;
2 metres at 6.53 g/t gold from 24 metres;
2 metres at 6.04 g/t gold from 24 metres; and
2 metres at 5.36 g/t gold from 10.3 metres.