From Rats Rant, 4 June 2020 Last week I caught up with Paul...

From Rats Rant, 4 June 2020

Last week I caught up with Paul Cmrlec from Pantoro Gold (PNR.asx) to discuss his recent new high grade discovery at Panda (love the name), and their major acquisition of 50% of the Norseman Gold Project which was completed almost a year ago.  

Pantoro is the manager of the unincorporated joint venture of the Norsman Gold Project, and is responsible for defining and implementing work programs, and the day to day management of the operation and for those of you that have met Paul, they don’t get much more miner than the big fella !!!

The Project is located in the Eastern Goldfields of Western Australia, at the southern end of the highly productive Norseman-Wiluna greenstone belt.

The project lies approximately 725 km east of Perth, 200 km south of Kalgoorlie, and 200 km north of Esperance.

It comprises 146 near-contiguous mining tenements, most of which are pre-1994 Mining leases which are free of native title.

The tenure extends approximately 70 lineal kilometres of the highly prospective Norseman– Wiluna greenstone belt covering more than 1,000 square kilometres.

Historically, the Norseman Gold Project areas have produced over 5.5 million ounces of gold since operations began in 1935, and is one of, if not the highest grade fields within the Yilgarn Craton.

Panda strikes parallel to the other known lodes at Scotia and has now been drilled over a length of approximately 130 metres to date.

Pantoro highlighted the potential discovery of high grade mineralisation at Panda in March 2020 with initial results including 5 m @ 15.91 g/t Au


Further Drilling at Panda will be focused on targeting extensions to mineralisation along strike and down dip.

The ongoing drilling will help to ascertain the potential of the Panda discovery to provide additional high grade open pit feed for the Scotia Mining Centre in the near term.


Paul said in his recent announcement:

“The new Panda discovery demonstrates the significant exploration potential that the Norseman Gold Project offers outside of the existing resource areas. The Panda discovery is testament to Pantoro’s focused and systematic approach to exploration at the project, and we expect our drilling to provide further positive outcomes as our programs continue to progress.

Our resource development drilling across all project areas to date has returned outstanding results from multiple deposits, and the project continues to meet and exceed our expectations in all areas.

The discovery further validates Pantoro’s dual strategy at Norseman of progressing existing resources to mine ready status and exploring for new discoveries on high potential targets.”
Current Drilling

Since discovery of the Panda lode in March 2020, 37 holes have been drilled, defining a shallow plunging lode system similar to that seen in the adjacent Scotia lodes. Mineralisation is hosted within a shear zone in a **bro host.

The orebody has now been defined over a strike of 130 metres.

Mineralisation commences from surface and remains open at depth and along strike with the deepest intersection to date approximately 100 metres below surface.

Further work is planned to test the lode system along strike and at depth and that sounds like exciting times ahead for PNR shareholders.

Hopefully anyway, DYOR as always and if you like the Panda as much as I do, then get on board and try no to get an erection.