Pantoro Ltd (ASX:PNR) has identified consistent low-grade gold mineralisation over 450 metres of strike from follow up drilling at the Mary River Gold Project in WA.
The drilling was undertaken around the historical Reform mine about 20 kilometres southeast of Pantoro’s Nicolsons Gold Project.
The seven-hole program which included five diamond drill holes and two reverse circulation (RC) holes has confirmed the potential for a large low grade gold system with new results including:
- 14 metres at 1.23 g/t gold including 2 metres at 5.33 g/t gold.
- 13 metres at 0.97 g/t gold.
- 4 metres at 3.35 g/t gold.
- 4 metres at 2.24 g/t gold.
- 15.7 metres at 0.89 g/t gold.
- 17.0 metres at 0.74 g/t gold.
Pantoro managing director Paul Cmrlec said: “This additional drilling confirms the presence of a broad, low-grade gold system near the historic Reform mine.
“Future drilling will be focussed on extending the tested strike extent of mineralisation at Reform, and undertaking initial drilling programs at in the northern parts of the field which will be undertaken under the DMIRS EIS co-funding scheme.
“We are highly encouraged by the geological mapping and sampling undertaken in this area and the extensive historical workings.”
Location of Mary River Project
The drilling is central to the historic Mary River goldfield which is about 15 kilometres along strike with numerous workings excavated during the 1880’s Halls Creek gold rush.
The entire field has had limited modern exploration with only three RC exploration drill holes prior to the work commenced by Pantoro in 2018.
The latest drilling was following up on the maiden program undertaken during 2018 which was designed to collect stratigraphic information relating to the project-scale geology of the prospects.