Pantoro Limited ( (AU:PNR) ) just unveiled an update.
Pantoro Limited has announced positive initial results from its first phase of exploration drilling at the Hinemoa Fault on the Polar Bear peninsula, part of its Norseman Gold Project. The drilling confirmed high-grade mineralisation in several shallow-plunging shoots, suggesting strong potential for both open pit and underground mining. The results indicate geological similarities to other productive systems in the area, reinforcing the potential for further resource advancement and near-term mining opportunities. Follow-up drilling, including diamond drilling, is planned to explore these structures at greater depths.
More about Pantoro Limited
Pantoro Limited is a Western Australia-based gold producer focused on maximizing the potential of its wholly-owned Norseman Gold Project. The company is involved in the exploration and development of gold resources, with a market focus on expanding its mining operations in the region.
YTD Price Performance: 64.58%
Average Trading Volume: 43,089
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €532M
For a thorough assessment of PNR stock, go to TipRanks’ Stock Analysis page.