Panther Metals PLC Canada -- Dotted Lake Soil Programme
June 08 2021 - 1:00AM
RNS Non-Regulatory
TIDMPALM
Panther Metals PLC
08 June 2021
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FOR IMMEDIATE RELEASE
PANTHER METALS PLC
("Panther" or the "Company")
(Incorporated in the Isle of Man with company number
009753V)
8 June 2021
Canada - Dotted Lake Soil Programme
Panther Metals PLC (LSE:PALM) the company focused on mineral
exploration in Canada and Australia, is pleased to provide an
exploration update for the Dotted Lake property in the Province of
Ontario Canada.
Darren Hazelwood, Chief Executive Officer, commented:
"We are very pleased to announce the commissioning of a soil
geochemical survey over the Dotted Lake Exploration Permit area.
The soil survey which is due to start next week will seek to
delineate strike extensions to the high-grade gold mineralisation
intersected by historical trenching and will provide surface
coverage to prospective structures delineated by Panther's airborne
geophysics survey conducted late last year.
Panther have also now completed the drill tender process for the
Dotted Lake reconnaissance diamond drill hole which is planned to
intersect the sheared contact between granodiorite and ultramafic
rocks interpreted in the vicinity of the historical trenching.
Further details on the drill contract award will be announced
shortly."
Soil Survey Programme
Panther have contracted Fladgate Exploration Consulting
Corporation ("Fladgate") to conduct a soil geochemistry sampling
programme over a 1.60km by 0.85km target area coinciding with the
Dotted Lake Exploration Permit area (award announced 4 May
2021).
The soil geochemistry survey has been designed to build out and
in-fill the westerly strike extensions of high-grade gold
mineralisation intersected by historical trenching undertaken by a
previous licence holder in 2010 (Tr-10-4) and as confirmed during
Panther's reconnaissance sampling (gold up to 18.9g/t Au) announced
5 November 2020.
The soil survey will also provide important geochemical coverage
of target structures outlined by Panther's airborne geophysical
survey (announced 22 February 2021).
The geology of the target area consists a granodiorite hosted
mineralised shear in the vicinity of a mafic/ultramafic intrusive
body.
The soil survey team is currently expected to mobilise to site
around 17 June 2021.
For further information please contact:
Panther Metals PLC:
Darren Hazelwood, Chief Executive Officer: +44(0) 1462 429 743
+44(0) 7971 957 685
Mitchell Smith, Chief Operating Officer: +1(604) 209 6678
Broker:
SI Capital Limited
Nick Emerson +44(0) 1438 416 500
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END
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