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- Pantoro (PNR) further expands platinum group element (PGE) and nickel mineralisation at the Lamboo project in WA
- Extension drill results from the Edison zone include 93 metres at 0.9 g/t 3E, 0.28 per cent nickel and 0.016 per cent cobalt from 25 metres
- This is part of a 20,000-metre program which has so far confirmed a “big system” at Lamboo with large widths and consistent grades
- Drilling is ongoing with assays pending for rhodium and Iridium
- PNR shares are up 1.32 per cent to trade at 19.3 cents just before market close
Pantoro (PNR) has further expanded platinum group element (PGE) and nickel mineralisation at the Lamboo project in WA.
The company received results from extensional drilling on the Edison mineralised zone with drilling forming part of a 20,000-metre program that began in April this year.
This program is following up on PGE and nickel mineralisation identified via drilling in 2021.
Highlighted results include 20 metres at 1.01 grams per tonne (g/t) 3E (platinum, palladium and gold), 0.35 per cent nickel and 0.015 per cent cobalt from surface, and 93 metres at 0.9 g/t 3E, 0.28 per cent nickel and 0.016 per cent cobalt from 25 metres.
Drilling at the Edison zone also returned higher grades of 32 metres at 1.96 g/t 3E, 0.5 per cent nickel and 0.032 per cent cobalt from surface.
“The Lamboo PGE-Nickel Prospect continues to impress with strong results in all areas that have had assays returned to date,” Managing Director Paul Cmrlec said.
“Drilling to date has confirmed a big system with large ore widths and consistent grades over long distances.”
The company noted that rhodium and iridium results remain pending for the holes reported today.
Pantoro is continuing the 20,000-metre drilling effort with assays expected over the coming months.
PNR shares were up 1.32 per cent to trade at 19.3 cents just before market close.
