Pantoro Ltd (ASX:PNR) non-executive director Wayne Zekulich has demonstrated his confidence in the company’s gold strategy with the purchase of shares in an on-market transaction.
On April 20 Zekulich acquired 184,172 shares valued at more than of $25,000 in an indirect interest of which he is a beneficiary.
The company recently received high-grade gold results from maiden underground drilling in the OK Underground Mine at Norseman Gold Project in Western Australia.
“Quality of mineralisation and exploration potential”
A 7,500-metre diamond drilling program is underway with the objective to extend the depth of defined mineralisation in the O2 Lode below the 22 Level (the lowest current development level) and to infill the Star of Erin Lode mineralisation.
Managing director Paul Cmrlec said: “The limited drilling beneath the historic workings at the OK Underground Mine gave Pantoro a clear indication of the mine's potential for growth when we acquired the project.
“These results confirm the quality of mineralisation and the exploration potential of this high-grade system.
“Drilling of the remainder of the program is well advanced and we look forward to releasing additional results when they become available.”