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Pantoro Gold Limited ( (AU:PNR) ) has provided an announcement.
Pantoro Gold has reported a series of impressive high-grade gold intercepts from ongoing underground drilling in the Butterfly area of the Mararoa Reef, part of the Mainfield at its Norseman project. Mineralisation lies about 70 metres east of the newly developed Butterfly exploration decline, with known mineralisation extending 1.5 kilometres to the south and remaining open at depth, pointing to strong potential for resource growth.
Management highlighted that Butterfly represents a priority target, with the initial 26-hole program already showing a high success rate and likely to be extended to support future mining. The Butterfly zone is positioned to become a second independent underground mine area at Mainfield, separate from the recently designated O’Briens/Crown South production area, underlining the scale of remaining opportunity and potential to enhance Pantoro’s production profile.
The most recent analyst rating on (AU:PNR) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on Pantoro Gold Limited stock, see the AU:PNR Stock Forecast page.
More about Pantoro Gold Limited
Pantoro Gold Limited is a Western Australia-based gold producer focused on developing and operating its 100%-owned Norseman Gold Project in the historic Norseman mining district. The company targets high-grade underground deposits within the Mainfield Mining Centre, leveraging existing infrastructure and historic production areas to expand its resource base and sustain long-term gold output.
YTD Price Performance: -29.24%
Average Trading Volume: 2,507,511
Technical Sentiment Signal: Hold
Current Market Cap: A$1.36B
For an in-depth examination of PNR stock, go to TipRanks’ Overview page.