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Pantoro Gold Limited (ASX:PNR)

ALERT: Price-sensitive ASX Announcement for PNR
Current share price for PNR : $2.100 -1.29 (-38.05%)+
Announcement
Release
11 May 2026 8:17AM
Price at Release
$3.390
Full Release
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Summary
Pantoro Gold Limited announced a significant high-grade gold discovery at the Racetrack Target within the Norseman Gold Project in Western Australia. The discovery is expected to enhance Pantoro's production capacity at the OK Underground Mine due to the proximity of the discovery to existing infrastructure, only 600 meters away. The high-grade zone spans 400 meters in strike length and extends from near the surface to 600 meters deep, with further potential as the zone remains open to the east and down dip. High-grade intercepts include 8 meters at 28.68 g/t gold and 5 meters at 28.73 g/t gold. The company plans to continue infill and extensional drilling to further define the mineral resource and ore reserves, aiming to quickly bring the target to production.
Key Points
  • Pantoro Gold Limited discovered high-grade mineralization at Racetrack within the Norseman Gold Project.
  • The discovery could significantly increase production capacity at the OK Underground Mine.
  • The high-grade zone extends 400 meters in strike and up to 600 meters in depth.
  • Racetrack is located just 600 meters from current OK Mine infrastructure.
  • High-grade intercepts include 8 meters at 28.68 g/t Au and 5 meters at 28.73 g/t Au.
  • Further drilling will aim to convert the discovery to mineral resource and ore reserve status.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.