Pantoro Ltd (ASX:PNR, OTC:PNTOF) continued to make operational improvements in October at its 100% owned Norseman Gold Project in Western Australia’s Eastern Goldfields region.
Estimated gold production over the month increased by a further 16% to 6,186 ounces recovered, up from 5,325 ounces produced in September.
Over the month, around 90,200 tonnes was milled at a grade of 2.30 g/t of gold, which included a planned mill shut, with the mill operating at rates of up to 150 wet tonnes per hour.
The company says that open pit ore availability has improved substantially since the high grade Scotia pit advanced past the historical pit floor. High grade and medium grade ore stocks of some 50,000 tonnes over 1.9 g/t gold are available for haulage to the processing plant at month end.
In addition to open pit stocks, there are about 16,000 tonnes of current mill run of mine stocks available for processing.
Production from the OK underground mine continues to exceed expectations with about 20,000 tonnes of high grade ore hauled from the mine during the month.
Pantoro has confirmed that the first new level in the O2 orebody will be accessed this month, providing a second high grade and independent ore source for the mine. Depth extensions to the O2 lode represent around 70% of the current Ore Reserve at OK.
OK mine continues to impress
Pantoro managing director Paul Cmrlec said: “Mining operations at both the OK mine and the Scotia open pit continue to improve as the operation matures, It is pleasing to see ore volumes and grades increasing at Scotia as expected with depth, and the OK mine continues to impress with very high grade zones often exceeding expectation."
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