PANTORO LIMITED ASX Announcement
15 November 2021
Drilling Confirms Large Scale Lamboo PGE Deposit
onlyPantoro Limited (ASX:PNR) (Pantoro) is pleased to advise that it has completed its maiden step out drill program on
the prospective Lamboo ultramafic basal contact at the Halls Creek Project (PNR 100%), with outstanding platinum group element (PGE) results returned.
Highlights
•
use | |
• Over 1.5 kilometres in total mineralised strike now drilled and defined out of a potential 20 kilometres basal | |
contact target. |
• Wide consistent mineralised PGE zone defined from surface to over 150 metres vertical and remains open. New results which include a significant palladium component include:
• 100 m @ 1.10 g/t Pt +Pd +Au (3E) from surface inc. 66 m @ 1.34 g/t Pt +Pd +Au (3E) from surface.
• 120 m @ 0.96 g/t Pt +Pd +Au (3E) from surface inc. 31 m @ 1.24 g/t Pt +Pd +Au(3E) from 89 metres.
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• 118 m @ 0.90 g/t Pt +Pd +Au (3E) from surface inc. 46 m @ 0.98 g/t Pt +Pd +Au(3E) from 10 metres. | |
• 46 m @ 1.11 g/t Pt +Pd +Au (3E) from surface. | |
• 22 m @ 1.11 g/t Pt +Pd +Au (3E) from surface. | |
• 31 m @ 0.90 g/t Pt +Pd +Au (3E) from 36 metres. | |
• 37 m @ 0.90 g/t Pt +Pd +Au (3E) from 14 metres. |
• 71 m @ 0.59 g/t Pt +Pd +Au (3E) from 120 metres.
• 90 m @ 0.69 g/t Pt + Pd + Au (3E) from surface inc. 24 m @ 0.99 g/t Pt +Pd +Au (3E) from surface.
Platinum (Pt) plus palladium (Pd) plus gold (Au) (3E) breakdown for each constituent element is provided in the summary table of assays.
The Lamboo PGE Deposit, located approximately five kilometres south of the Nicolsons Gold Mine contains approximately 20 kilometres of the prospective basal contact, with only a small proportion evaluated by recent and historic drilling. Surface sampling is planned during the current wet season to assist with drill targeting.
Initial on ground reconnaissance fieldwork is also being undertaken to advance the significant PGE potential hosted within Pantoro's 100% owned 1,000 km Halls Creek Project tenement package.
Commenting on the results, Managing Director Paul Cmrlec said
For"The Lamboo PGE deposit is rapidly shaping up as an outstanding discovery on the doorstep of our Halls Creek gold operations. Drilling to date has revealed a remarkably consistent deposit with large mineralisation widths commencing from surface over a long strike length.
Pantoro will advance mapping and surface sampling of the deposit throughout the wet season ahead of a large drilling campaign planned to commence as soon as seasonal weather conditions allow good access."
Pantoro Limited
ABN 30 003 207 467
- +61 8 6263 1110 | e: admin@pantoro.com.au | w: www.pantoro.com.au PO Box 1353 West Perth WA 6872 | 1187 Hay Street, West Perth WA 6005
Lamboo PGE Deposit
PGE mineralisation appears to be located in the lower and basal ultramafic portions of the Lamboo Igneous Complex. The basal portions are interpreted to be a pyroxenite and are unusually enriched in PGE and Nickel, with the broad intercepts indicating potential for large, bulk tonnage styles of Pt+Pd+Au mineralisation.
The PGE potential in the area was initially identified by Thundelarra Exploration in 2006, where PGE mineralisation was intersected in a number of locations from limited drill testing over a small area of the basal portion within the folded Lamboo ultramafic complex.
onlyPantoro's drilling was initially focussed on the Edison prospect, however the latest program has been successful in stepping out to evaluate the basal contact of the Western Limb and Southern Ore Zone.
Mineralisation is noted to be consistent over large drill intervals commencing from surface, Mineralisation widths of up to 100 metres have been encountered to date. Pantoro considers that there is strong potential for a large, bulk t nnage PGE resource to be defined in the near term.
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Previously announced assays returned from Pantoro's prior work include:
• 31 m @ 2.4 g/t Pt +Pd +Au (3E) from surface.
• 38 m @ 2.34 g/t Pt +Pd +Au(3E) from surface.
• 26 m @ 1.42 g/t Pt +Pd +Au (3E) from 9 m.
• 34 m @ 2.02 g/t Pt +Pd +Au(3E) from surface. only• 40 m @ 0.98 g/t Pt +Pd +Au(3E) from surface.
• 15 m @ 0.93g/t Pt +Pd +Au(3E) from 62 m.
• 41 m @ 1.68 g/t Pt +Pd +Au (3E) from 1 m.
• 136 m @ 0.93 g/t Pt +Pd +Au(3E) from 44 m.
• 38.1 m @ 1.59 g/t Pt +Pd +Au(3E) from 8.4 m inc. 21.4 m @ 1.95 g/t Pt +Pd +Au from 8.4 m.
• 16 m @ 0.92 g/t Pt +Pd +Au (3E) from 54 m.
• 32 m @ 0.90 g/t Pt +Pd +Au(3E) from 14 m. use• 50 m @ 1.37 g/t Pt +Pd +Au(3E) from 11 m.
• 30 m @ 1.56 g/t Pt +Pd +Au(3E) from surface.
Platinum (Pt) plus palladium (Pd) plus gold (Au) (3E) breakdown for each constituent element is provided in the s mmary table of assays. Refer to ASX release on 6 September 2021 titled "Wide Drill Hits Confirm Major PGE System at Halls Creek" for full details.
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Plan view of drilling (Area A).
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West Limb Section A-A
THXRC069
EDRC21012 | EDRC21013 |
only | 400mRL | ||||||||||||||||||||||
90m @ 0.69g/t | |||||||||||||||||||||||
Pt + Pd + Au (3E) | |||||||||||||||||||||||
inc. 24m @ 0.99g/t | |||||||||||||||||||||||
Pt + Pd + Au (3E) | |||||||||||||||||||||||
use | 114m @ 0.90g/t | ||||||||||||||||||||||
Pt + Pd + Au (3E) | |||||||||||||||||||||||
Pt + Pd+ Au (3E) | |||||||||||||||||||||||
120m @ 0.96g/t | |||||||||||||||||||||||
350mRL | Pt + Pd + Au (3E) | ||||||||||||||||||||||
inc. 66m @ 1.34 g/t | |||||||||||||||||||||||
personal | |||||||||||||||||||||||
323150E | |||||||||||||||||||||||
Reported Interval | |||||||||||||||||||||||
Pt + Pd + Au (3E) | |||||||||||||||||||||||
Pantoro Hole | |||||||||||||||||||||||
Historic Hole | |||||||||||||||||||||||
PGE Mineralisation | |||||||||||||||||||||||
300mRL | Lamboo Intrusion - | ||||||||||||||||||||||
Ultramafic rock | |||||||||||||||||||||||
0 M | 25 M | ||||||||||||||||||||||
323100E | |||||||||||||||||||||||
Cross Section of West Limb. | |||||||||||||||||||||||
Further Work |
Pantoro plans to undertake on ground contact mapping and sampling over the wet season in preparation for a large step out drill program designed to test an additional 10 kilometres of strike immediately after the end of the wet
Forseason in early 2022.
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Regional Potential
Within Pantoro's broader regional tenement package of 1,000 km2, the northern Grants Creek tenements host a large area of ultramafics, including a number of intrusives of the McIntosh suite which are associated with Ni-Cu and PGE mineralisation elsewhere in the region. One of these zones within Pantoro's tenure is the Big Ben intrusive which has been interpreted to be the faulted offset of the Panton Sill which has a stated Mineral Resource of 2.4 Moz @ 5.2 g/t PGE & Au*. Big Ben has previously returned anomalous palladium and platinum rock chips from historic exploration work conducted by Thundelarra, and on ground evaluation of these prospects has commenced.
only* Reported by Future Metals (ASX:FME) on 22 June 2021 in a release titled 'Presentation-Panton PGM Project June 2021 (Appendix 1).
E quiries
Paul Cmrlec | Managing Director I Ph: +61 8 6263 1110 I Email: admin@pantoro.com.au
This announcement was authorised for release by Paul Cmrlec, Managing Director.
For usepersonal
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Pantoro Ltd. published this content on 14 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 November 2021 21:59:04 UTC.
