Pantoro Gold Confirms Bonanza Grades at Racetrack Boosting Norseman Pipeline

Exceptional High-Grade Intercepts Highlight Racetrack Potential

Pantoro Gold Limited (ASX:PNR) has delivered a striking update on its Norseman Gold Project with the second phase of infill drilling at the Racetrack Discovery confirming a continuous high-grade gold zone stretching over 350 metres in strike and down to 600 metres depth. The standout intercepts include a mind-boggling 0.91 metres grading 1,737.37 g/t gold within a broader 4.94-metre interval averaging 349.14 g/t, among some of the richest grades Pantoro has reported since resuming exploration in 2019.

These results underscore Racetrack’s bonanza-grade nature and reinforce its status as a potential game-changer for Pantoro’s production pipeline, particularly at the adjacent OK Underground Mine. The mineralisation remains open to the east and at depth, hinting at further upside as drilling continues.

Racetrack: A Cross-Link Structure Mirroring Bullen’s Legacy

The Racetrack structure is interpreted as a cross-link analogous to the nearby Bullen lode, a prolific historic source that produced over 500,000 ounces at an average mined grade of approximately 10 g/t gold between 1985 and 2000. Located just 600 metres from the OK Decline and existing infrastructure, Racetrack offers a strategic advantage with minimal additional capital required to bring it into production once dedicated ventilation circuits are established.

Managing Director Paul Cmrlec emphasised the significance, noting that Racetrack’s lode widths appear greater than Bullen’s, and that the company is actively planning underground access and infrastructure development to fast-track mining. The ongoing drill program, employing multiple rigs, aims to expand the high-grade zone and accelerate resource conversion.

Integration into Norseman’s Growth Strategy and Production Outlook

Pantoro’s FY2027 budget includes the development of an exploration drive from the upper levels of the OK Decline, with preliminary underground infrastructure planning already underway. This aligns with the company’s broader growth strategy targeting a production increase to over 100,000 ounces annually, with ambitions to scale beyond 200,000 ounces in the longer term.

The Norseman Gold Project remains one of the highest-grade goldfields in the Yilgarn Craton, with a total mineral resource of 4.6 million ounces and ore reserves of 859,000 ounces. Many resources remain open at depth and along strike, and the Racetrack discovery adds a promising new high-grade source to this pipeline.

Rigorous Sampling and Exploration Methodology

The drilling results derive from a combination of reverse circulation and diamond core drilling, with detailed geological logging and advanced photon assay techniques employed to ensure precise grade measurement. Quality control protocols including standards, blanks, and re-assays underpin the reliability of the data. While true widths of mineralisation are still being refined, the drilling orientation is perpendicular to the orebody, supporting the robustness of the reported intercepts.

Further drilling is planned to extend the Racetrack line of lode eastward towards the Mararoa Reef and to test southern extensions of the Crown lode, aiming to expand the resource base and improve confidence levels.