Saturn Metals
Pantoro
(ASX: STN)
(ASX: PNR)
2019 on a high by extending mineralisation at the company’s 100 per cent-owned Apollo Hill gold project in Western Australia on multiple fronts. Results received from a reverse circulation (RC) drilling program extended hanging-wall splay mineralisation 150 metres to the north while providing evidence of new mineralisation some 350m east of the hanging-wall resource model. The drilling also extended the Ra deposit mineralisation 100m to the south, and provided evidence of important mineralisation in the Ra — Apollo Hill Link Zone. Results included: »» AHRC0297 5 metres at 4.7 grams per tonne gold from 126m; »» AHRC0281 6m at 4.08g/t gold from 108m within 55m at 0.62g/t gold from 92m; and »» AHRC0291 14m at 1.4g/t Au from 133m. Of note is that the new intersections sit predominantly outside the current Apollo Hill Mineral Resource of 24.5 million tonnes at 1g/t gold for 781,000 ounces of gold. They also highlight the potential to increase the scale and quality of the resource with the newer intersections continuing to improve the ratio of mineralised material to non-mineralised material in the Resource area. “Results continue to show the potential for significant resource growth immediately adjacent to Apollo Hill in the higher-grade hanging-wall zones, while a widening mineralised corridor may provide multiple opportunities for additional discovery,” Saturn Metals managing director Ian Bamborough said “Improving mineralisation in other areas such as the Ra area is a bonus. “Importantly, we look forward to results from our recently completed deeper step out holes which have been drilled to test for mineralisation down dip of both the northern and southern highergrade hanging-wall zones. “A second 10,000m extensional RC phase is planned to commence in early January 2020.”
the main project of pantoro
saturn metals closed out
EMAIL info@saturnmetals.com.au WEB www.saturnmetals.com.au DIRECTORS Ian Bamborough, Rob Tyson, Andrew Venn
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is the Nicolsons project in Western Australia that is underpinned by the high-grade Nicolsons Underground mine with a second underground mine, Wagtail, under active development. Nicolsons has been producing gold since September 2015, since when Mineral Resource and Ore Reserves have been upgraded, with both higher grades, and additional Ore Lodes identified during mining. Pantoro has completed a Processing Plant Options Review and Scoping Estimate at the company’s second Western Australian gold project, the Norseman gold project. A study completed by Como Engineers considered three options for the processing plant including: Option A — Refurbishment of existing structures and equipment in the existing location. The existing plant configuration utilises primary crushing, and a high aspect SAG mill and ball mill in series; Option B — Reconstruction of the processing facility with the same configuration at a new location using a combination of refurbished existing major equipment and new structures, piping, electrical and services in a new location; and Option C — Construction of a completely new processing facility utilising primary and secondary crushing and a single 2.3MW ball mill. The review concluded the existing leaching circuit was corroded and in addition to a large capital repair cost would have a high operating cost due to the historical air operated Pachuca tanks in place. As such, all options included a new leaching circuit using a modern mechanically agitated CIL circuit. The review found that Options A and B require similar expenditure, while Option C came in approximately $10 million higher. Option A was noted to be higher risk from both safety and financial perspectives. Option B was chosen for detailed design and cost estimation prior to construction.
EMAIL admin@pantoro.com.au WEB www.pantoro.com.au DIRECTORS Michael Jefferies, Paul Cmrlec, Scott Huffadine, Kyle Edwards