Panther Metals PLC - Big Bear - Commencement of Field Exploration
FOR IMMEDIATE RELEASE
· Three-week work sampling and mapping programme to build our understanding of possible drill and trench targets is commencing on 10 May.
· Work will target both orogenic gold and volcanogenic massive sulphide ("VMS") style mineralisation, including;
o Verification and extension of a possible gold hosting vein system indicated by Panther soil sampling in the eastern part of the Big Bear property.
o Extending historic sampling in the Johnston-McKenna area where previous high grade outcrop samples have yielded 1,038.9 g/t Au, 390.2 g/t Au, 318.9 g/t Au, 286.29 g/t Au and 224.9 g/t Au.
o Building on historic sampling in the Joa-Walton area where the highest grade outcrops yielded 233.1 g/t Au, 198.9 g/t Au, 143.7 g/t Au, 79.5 g/t Au and 46.6 g/t Au.
o Delineating possible structural related extensions to mineralisation at the
· Work will be undertaken by
"The Big Bear project is located in one of the most prospective greenstone belts for gold exploration in the world. The Project demonstrates extensive and varied historical exploration and evidence of small scale mining operations in multiple locations.
The exploration and mining dataset is fragmented, and it is our task to draw this knowledge base together and implement further exploration work to consolidate our understanding of the Project's potential.
It is therefore very positive to be launching the next stage of ground exploration at such an early stage in the season and I look forward to updating the market on progress".
Mitchell Smith, Chief Operating Officer: +1(604) 209 6678
Nick Emerson +44(0) 1438 416 500
Guy Miller and Duncan Vasey +44(0) 20 7469 0930
This information is provided by RNS, the news service of the
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