Bonanza Gold Grades Strengthen Pantoro’s Racetrack Plan

Pantoro Gold Ltd managing director Paul Cmrlec talked with Proactive about high-grade drilling results from the Racetrack discovery within the company’s 100%-owned Norseman Gold Project in Western Australia. Speaking from the Diggers and Dealers Mining Forum, Cmrlec said a large proportion of the latest drill holes intersecting the high-grade zone had displayed visible gold. He also highlighted the widths encountered and the discovery’s location just 600 metres north of the OK underground mine. The discovery is interpreted as a cross-linking structure between the north- and south-striking structures that historically produced much of Norseman’s gold. Cmrlec compared its geological setting with the historic Bullen deposit, which produced around 500,000 ounces at approximately 10 grams per tonne and remains open at depth. Pantoro has begun planning an underground exploration drive from the nearby OK mine infrastructure. Cmrlec also discussed the company’s wider strategy of increasing underground ore feed, replacing lower-grade open-pit material and ultimately moving towards annual production of 200,000 ounces. Visit Proactive’s YouTube channel for more interviews and market updates. Please like the video, subscribe to the channel and enable notifications for future content.