PANTORO CONFIRMS HIGH-GRADE GOLD EXTENSIONS AT SCOTIA

Strong drill results highlight growth potential at Norseman Gold Project.

Pantoro Limited (ASX:PNR), a WA-based gold producer, has reported encouraging high-grade gold results from drilling at the Scotia deposit within its 100%-owned Norseman Gold Project. The results confirm significant extensions to the Southern Ore Reserve and further highlight the potential for resource growth and extended mine life.

Key Highlights:
Initial extensional and grade control drilling beneath and within the Scotia South Ore Reserve returned multiple high-grade intersections:

Extensional:

9.2 m @ 6.49 g/t Au from 197.45 m
5.1 m @ 5.98 g/t Au from 187.6 m

Grade Control:

16.4 m @ 8.85 g/t Au from 176.0 m
9.7 m @ 5.68 g/t Au from 190 m
9.9 m @ 2.46 g/t Au from 130.6 m, including 0.8 m @ 14.85 g/t Au from 139.7 m
2.4 m @ 12.66 g/t Au from 141.6 m

Pantoro Managing Director Paul Cmrlec commented:

These initial results from Scotia continue to confirm the quality of the Scotia mineralised system. We are particularly pleased the first of the extensional holes beneath Scotia South has returned outstanding results considering that these areas have been highlighted as a key growth target for the Norseman operation. We look forward to sharing further drilling updates as we continue to unlock the full potential of this high-quality asset.