Pantoro Reports Significant High-Grade Gold Discovery at Norseman

Western Australia - Pantoro Gold Limited has reported a significant new high-grade gold discovery at the Racetrack target, part of its 100%-owned Norseman Gold Project in Western Australia.

The discovery was made during an initial 27-hole RC and diamond drilling growth program across early-stage prospects in the Norseman Mainfield, including Racetrack, Golden Goose and southern extensions to the Crown Reef.

Early results from Racetrack have outlined a broad high-grade mineralised zone over a current strike length of approximately 400 metres, extending from near surface to around 600 metres depth. Reported high-grade intersections include 8m at 28.68 g/t gold, including 1m at 189.84 g/t gold; 5m at 28.73 g/t gold, including 2m at 68.05 g/t gold; and 2.01m at 82.99 g/t gold, including 1m at 165 g/t gold.

The Racetrack target is located near Pantoro’s OK Mine at Norseman, an area already known for high-grade underground gold mineralisation. Pantoro has previously reported strong results from ongoing drilling at OK, where the company has been targeting extensions to the Star of Erin and O2 lodes as part of its broader growth program.

Why it matters: The result is important because Racetrack may represent a new high-grade ore source close to existing Norseman infrastructure. For a producing gold operation, discoveries near established mines can be particularly valuable because they may offer a shorter pathway from exploration success to future mine planning, subject to further drilling, approvals and economic assessment.

The result also supports Pantoro’s broader strategy of unlocking additional value across the historic Norseman Gold Project. Norseman sits on the southern end of the highly prospective Norseman-Wiluna greenstone belt and has a long gold mining history. Pantoro describes the project as a major high-grade goldfield with substantial growth potential.

Pantoro’s latest results come at a time when Western Australian gold producers are continuing to focus on brownfields exploration, mine life extension and high-grade underground opportunities. With gold prices remaining supportive, discoveries close to existing processing and mining infrastructure are likely to remain a key focus across the sector.

Further drilling will be important to determine the scale, continuity and potential mining implications of the Racetrack discovery.

Source: Pantoro Gold ASX announcement / market release, “Significant High-Grade Discovery at Racetrack”