Pantoro commences Butterfly drilling as part of Norseman Gold Expansion

Proactive - Interviews for investors

Pantoro Limited (ASX:PNR) managing director Paul Cmrlec joins Proactive’s Tylah Tully to discuss its drilling program at the Butterfly area of the Southern Mainfield within its 100%-owned Norseman Gold Project in Western Australia. Pantoro’s now underway 35,000-metre surface drilling program, a combination of reverse circulation (RC) and diamond drilling, is part of its larger 85,000-metre growth initiative announced in June. This includes targets at the Mainfield and expansion at the Scotia mine. Underground development at Scotia began in May, with drill platforms prepared for upcoming exploration. Plans to re-enter the Bullen decline are progressing, with ground support work expected in the December 2024 quarter and drilling from underground platforms anticipated by June next year. Pantoro aims to develop at least two additional underground mines within the next two years, potentially replacing lower-grade open pit material with higher-grade underground resources. This is intended to increase annual gold production from around 100,000 ounces to a targeted 200,000 ounces. The Norseman processing plant continues to operate at a rate of 1.2 million tonnes per year, with no significant upgrades needed to accommodate anticipated higher feed grades. #Proactiveinvestors #ASX #Pantoro #GoldMining #NorsemanGold #ASXPNR #MiningNews #GoldProduction #ButterflyArea #ScotiaMine #DrillingProgram #WesternAustralia #UndergroundMines #GoldExploration #BullenDecline #SurfaceDrilling #DiamondDrilling #RCDrilling #GoldTargets #GrowthProgram #GoldResources #MiningUpdate #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews