Pantoro Ltd (ASX:PNR) (FRA:RKN) chairman Wayne Zekulich has demonstrated his faith in the company’s gold strategy by purchasing shares in an on-market transaction.
On November 26, Zekulich purchased 100,000 shares worth a total of $20,000 in an indirect interest, increasing the total number of securities held in that interest to 384,949.
Sailfish prospect drilling results
The company this week received further high-grade results from a four-hole follow-up drilling program at Sailfish Prospect on Lake Cowan at Norseman Gold Project in WA's Eastern Goldfields.
Three out of the four holes drilled returned strong intercepts including:
- 1.6 metres at 61.78 g/t gold from 98.5 metres downhole, including 0.33 metres at 234.14 g/t;
- 0.65-metre at 38.66 g/t from 88.9 metres downhole; and
- 0.8-metre at 9.88 g/t from 93 metres downhole.
Pantoro believes the Sailfish reef may be a shallow SE dipping lode system with hanging wall and footwall ore zones oriented similarly to the high-grade HV1 vein at the Harlequin mine to the south.