Panther Metals PLC - Dotted Lake - High Grade Gold Confirmed at Surface
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN OR INTO
FOR IMMEDIATE RELEASE
PANTHER METALS PLC
(Incorporated in the
Panther Metals PLC (LSE:PALM) ("Panther" or the "Company"), the company focused on mineral exploration in
The reconnaissance work consisted verifying and reopening former logging access routes into and within the property, visiting localities of historical work, making geological observations on lithologies and alteration as well as a limited amount of sampling. The underexplored
Panther submitted a total of seven samples for analysis at ALS Laboratories, taken from an area of stripped ground bordering the most northerly point on the
The 2010 channel sampling in historical trench Tr-10-4 returned two mineralised intervals; 1.14 g/t Au over 1.00 m; and 9.02 g/t Au & 859 ppm Zn over 0.40 m with a further 2010 prospecting sample returning Au 16.95 g/t Au & 7.7 g/t Ag from nearby.
Panther outcrop sampling within Tr-10-4 verified the historical intervals returning 18.9g/t Au & 0.94 g/t Ag and 9.37g/t & 1.73 g/t Ag, with three of the remaining samples returning low level anomalous gold within the immediate stripped area.
Mineralisation appears to be related to narrow sheared zones and porphyritic dykes cutting through the mafic volcanic and metavolcanic stratigraphy. On a wider scale the mineralisation sits upon the northern limb of the Schreiber-Hemlo Greenstone belt on the northern edge of the granitoid Dotted
"Panther's decision to conduct an airborne geophysics survey, followed from the encouraging geological observations made at
The decision to commission the survey has been fully vindicated by these assay results which verify the historical gold occurrences within the greenstone belt lithologies sited on the northern edge of the
The initial recognisance programme conducted with the aim of determining access and logistics for strategic work programme planning, has resulted in some remarkable results. With the assay results from five of the seven samples from the historically stripped area returning anomalous gold grades, and two of these samples being high grade gold, the team are intrigued and excited by the prospect of designing a geophysics led exploration programme to widen the search, beneath the overburden and tree cover".
Panther Metals PLC:
Mitchell Smith, Chief Operating Officer: +1 (604) 209 6678
SI Capital Limited
Nick Emerson +44 (0)1438 416 500
Peterhouse Capital Limited
Guy Miller and Duncan Vasey +44 (0)20 7469 0930
Quick facts: Panther Metals PLC
Market Cap: -
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...FOR OUR FULL DISCLAIMER CLICK HERE