Norseman Drilling Yields Gold Grades Up to 137 g/t Over 0.68m

Strong Start to Underground Drilling at Norseman

Pantoro Gold Limited has reported promising initial results from its underground drilling program at the Mainfield Mining Centre within the Norseman Gold Project in Western Australia. The program, focused on assessing several known gold reefs, has intersected all targeted structures, including Crown South, Bullen West, Norseman, and Esperanto, with assays revealing exceptionally high gold grades.

Among the standout results is a remarkable intercept of 0.68 metres grading 137.19 grams per tonne (g/t) gold, alongside multiple other high-grade hits such as 1.37 metres at 15.69 g/t and 1.64 metres at 11.79 g/t. These findings underscore the presence of extensive high-grade ore zones that Pantoro believes can be developed and mined in the near term.

Expanding Beyond Historical Mining Footprints

Significantly, the drilling has not only confirmed mineralisation within historically mined lodes but also identified high-grade gold outside these zones. This includes mineralisation proximal to the rehabilitated Bullen Decline and potential up-dip extensions related to the O’Brien’s Reef, which holds a probable ore reserve of 21,000 ounces at 5.0 g/t gold.

The Mainfield Mining Centre, historically a prolific source of gold since its discovery in 1894, has seen continuous mining over more than a century. Pantoro’s current drilling aims to fast-track the re-commencement of mining activities here, leveraging existing underground infrastructure and newly rehabilitated declines.

Ongoing Development and Future Prospects

Alongside drilling, Pantoro is advancing dewatering and rehabilitation efforts at the Bullen Decline, preparing drilling platforms and planning to transition to development of additional ore zones once sufficient drilling density is achieved. Managing Director Paul Cmrlec highlighted the significance of these results, noting the excitement around the first high-grade underground intercepts in two decades and the confirmation of economically viable ore panels.

The Norseman Gold Project remains a cornerstone asset for Pantoro, boasting a total mineral resource of 4.6 million ounces and ore reserves of 859,000 ounces. With a new 1.2 million tonnes per annum processing plant commissioned in 2022, the company is well positioned to scale production, targeting an initial 100,000 ounces annually with ambitions to exceed 200,000 ounces in the coming years.

Drilling is set to continue aggressively through fiscal year 2026, with approximately 250,000 metres planned across reverse circulation, diamond, and air core methods, aiming to further define and expand the resource base.