Panther Metals expands drilling at Dotted Lake Challenge

ONTARIO – Panther Metals PLC (LSE:PALM), an exploration firm with a give attention to minerals in Canada, has introduced the completion of its Section 1 Diamond Drilling Programme on the Dotted Lake Challenge in Ontario, Canada. The mission, which is solely owned by the corporate, is located within the Schreiber-Hemlo Greenstone Belt and targets nickel, cobalt, copper, gold, and platinum group parts.

The latest drilling program exceeded preliminary plans by 30%, ending with 1,558 meters drilled throughout 5 holes, relatively than the proposed 1,200 meters. This system has now entered a pause whereas awaiting assay outcomes from the primary batch of drill core samples, which have been submitted to ALS Laboratories for evaluation.

Geotechnical and magnetic susceptibility logging of the drill cores have been accomplished, and detailed geological logging is underway. The samples are being examined for a spread of parts, together with gold and platinum group metals, utilizing complete assay strategies.

Drilling has encountered varied lithologies, together with an ultramafic intrusive complicated famous for its serpentinite alteration and the presence of minerals bearing nickel, chrome, and copper, together with quartz veins which are potential for gold.

Along with the drilling, a brand new path community has been established to facilitate additional improvement of the mission. This community gives entry to the japanese facet of the north shore of Dotted Lake.

The drilling efforts have lined a 1.4km strike size of a structurally complicated zone that correlates with earlier gold outcomes from each Panther Metals’ prior drilling and historic trenches. Notably, certainly one of Panther’s earlier drill holes, PAN21_DL_001, yielded a number of intersections with gold grades exceeding 0.5g/t, with the very best grade reported at 2.57g/t Au.

Because the mission awaits additional outcomes, the drill rig stays on-site, prepared for speedy mobilization in early 2025, ought to the outcomes show optimistic. This method aligns with Panther Metals’ technique to speed up fieldwork on the mission.

This replace is predicated on a press launch assertion from Panther Metals PLC.

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