Pantoro Ltd (ASX:PNR) has continued to expand large zones of platinum group elements (PGE) and nickel mineralisation from its ongoing drill program at the Edison mineralised zone, situated within the Lamboo PGE Project in Western Australia.
The company’s extensional drilling on the high-grade Edison Zone has delivered strong PGE results from surface including:
- 20 metres at 1.01 g/t platinum + palladium + gold; 0.35 % nickel and 0.015% cobalt from surface;
- 93 metres at 0.90 g/t platinum + palladium + gold;0.28% nickel and 0.016% cobalt from 25 metres; and
- 38 metres at 1.05 g/t platinum + palladium + gold 0.40 % nickel and 0.022% cobalt from surface.
Drilling is ongoing and continues over the remainder of the 20-kilometre prospective basal contact zone that has not been effectively tested previously.
“Confirmed a big system”
Pantoro managing director Paul Cmrlec said: The Lamboo PGE-nickel prospect continues to impress with strong results in all areas that have had assays returned to date.
“The drill program is ongoing, and there are a number of results remaining outstanding with a lead time on assays of up to ten weeks, and even longer for the specialised rhodium and iridium results.
“We expect a steady stream of results from Lamboo over the coming months as drilling has been ongoing since April 2022.
“Drilling to date has confirmed a big system with large ore widths and consistent grades over long distances.”
Drill program
Pantoro’s drilling to date continues to successfully expand and define the PGE mineralisation over the prospective 20 kilometres of the Lamboo ultramafic basal contact.
Mineralisation has proved to be consistent over large drill intervals commencing from the surface, with mineralisation widths of up to 100 metres encountered to date.
Recent drilling in the Northern Zone has highlighted the potential for the presence of rhodium and iridium, both high-value PGEs.
Ongoing assay work will be undertaken to assess the potential of the presence of these elements within the broader zones of mineralisation.
Pantoro considers that there is strong potential for a large, bulk-tonnage PGE resource to be defined in the near term.
About Lamboo
The PGE potential at Lamboo was initially identified in 2006.
PGE mineralisation was intersected in several locations from limited drill testing over a small area of the basal portion within the folded Lamboo ultramafic complex.
Since this time, Pantoro has undertaken significant work which has concluded that the basal contact over very wide zones is unusually enriched in PGEs and that there is the potential for large, bulk tonnage styles of PGE mineralisation.
This style distinguishes Lamboo from other PGE discoveries within the region and WA as the mineralisation occurs over very wide zones from the surface.