The precious and base metals company completed a geochemical soil sampling programme over the summer, collecting 468 samples over a 4.5km strike.
A 600m-by-200m section returned results in excess of 50 parts per billion of gold, while four samples returned gold values in excess of 100ppb.
The next steps in the exploration campaign will determine the limits of gold anomalism at the surface and the relationship between the gold in soil anomalism and bedrock mineralisation.
“We are very encouraged by the results from our soil sampling campaign at Panorama which highlight several areas of gold anomalism along the mineralised trend,” said chief executive Gervaise Heddle.
“These geochemical results, combined with images from the recent detailed aeromagnetic survey, enhance our understanding of the project and build upon the work we conducted earlier this year which identified gold in rock chips and coarse gold over six kilometres of strike.”