Drills Wide, Shallow Intersections At Halls Creek
Pantoro Limited (ASX:PNR) has identified a large platinum group element (PGE) system within its 100% owned 1,000 sq. km Halls Creek tenement package in Western Australia.
Ongoing exploration and reprocessing of samples previously only assayed for gold at Halls Creek has confirmed the PGE opportunity.
Significant intersections include:
• 31 m @ 2.42 g/t Pt +Pd +Au (3E) from surface.
• 38 m @ 2.34 g/t Pt +Pd +Au (3E) from 1 m.
• 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.
• 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.
PGEs were identified by previous explorers in the region, and Pantoro has continued to assess the potential following confirmation of PGE mineralisation while exploring for gold at the Edison prospect hosted within the Lamboo ultramafic complex.
Pantoro’s drilling to date has only evaluated 600m of the ultramafic basal contact, with strong and consistent PGE results received in wide intersections from surface.
Managing Director, Paul Cmrlec, said Pantoro’s Nicolsons tenements contain approximately 20 km of the prospective basal contact. Historical drilling confirms mineralisation similar to that seen at the Edison prospect in multiple locations along the contact. Commenting on the results,
“These PGE results are an example of the huge untapped potential of the Kimberley region which has seen a small amount of exploration activity when compared to other more mature mineral fields within Western Australia,” Mr Cmrlec said.
“The mineralisation identified in the Lamboo Ultramafic Complex is only a few kilometres from Nicolsons Gold Mine, and Pantoro’s existing infrastructure provides a perfect platform to advance exploration within these deposits.
“In addition to the deposits identified at Lamboo, tenure that we have acquired around the Grants Creek Project in recent years provides additional outstanding prospectively proximal to the Panton Sill deposit which has a current Mineral Resource of 2.4 Moz @ 5.2 g/t PGM & Au. Surface rock chips in the area have previously confirmed PGE mineralisation within Pantoro’s tenure.”
The PGE potential at Lamboo was initially identified by Thundelarra Exploration in 2006, where mineralisation was intersected in the basal portion of the folded Lamboo ultramafic complex, located within Pantoros tenement package.
Thundelarra concluded that the basal contact over very large zones was unusually enriched in PGEs, and that there was the potential for large, bulk tonnage styles of PGE mineralisation. This style of mineralisation distinguishes the potential deposit style from others within the Kimberley region,occurring over very wide zones from surface.
Thundelarra’s drilling returned results in a number of locations along the ultramafic complex and confirm mineralisation continuing a significant distance along strike from the Edison prospect. Mineralisation is also identified on adjacent contacts to the West and to the south.
Significant results returned by Thundelarra during 2006 included:
• 46 m @ 1.87 g/t Pt +Pd +Au(3E) from surface;
• 33 m @ 2.77 g/t Pt +Pd +Au(3E) from surface; and
• 37 m @ 2.07 g/t Pt +Pd +Au(3E) from 16 metres.
• 32 m at 1.21 g/t Pt +Pd +Au(3E) from 4 metres.
• 99 m @ 0.99 g/t Pt +Pd +Au(3E) from surface.
Pantoro’s drilling to date has been focussed on the Edison prospect, however additional drilling around other identified locations is to be undertaken during the current 2021 Kimberley drilling season.
For further information please visit: https://www.pantoro.com.au/