08:14 Mon 14 Dec 2020
Panther Metals PLC - Update
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN OR INTO
FOR IMMEDIATE RELEASE |
|
PANTHER METALS PLC
("Panther" or the "Company")
(Incorporated in the
14th
Magnetic Survey Complete and Drill Hole Planned at
Panther Metals PLC (LSE:PALM) the company focused on mineral exploration in
Additionally, Panther Metals is pleased to confirm the company is actively engaged in the required preparations to facilitate diamond drill testing of high priority targets on the property. Drill targets include testing shear zone hosted gold mineralisation, at an interpreted intrusive contact, intersected by a previous holder's trenching programme and coinciding with structures perceived in Panther's preliminary geophysics results. Further details of the planned drilling will be announced in due course.
"We are excited to announce Panther is making the necessary preparations to commence diamond drilling of untested historical high-grade gold trench intersections, which were confirmed during our September fieldwork at
The escalation of our work at
This campaign is designed to provide the business with a broader understanding of the potential for gold mineralisation held within the shear zone and will also give us important information on the underlying stratigraphy."
Airborne Electromagnetic & Magnetic Geophysics Survey Details
The Prospectair Geosurveys ("Prospectair") helicopter completed the high resolution AEM and Magnetics survey over a series of seven flights between 9th -11th December. The helicopter was flown at an average height above the ground of 86m, with the Mag sensor at an altitude of 61m and the EM transmitter at a resultant 36m elevation. The processed geophysical survey data and report is expected to be available early in the new year.
Survey Technical Details:
Airborne Magnetometers: Geometrics G-822A
Both the ground and heliborne magnetometer systems use a non-oriented (strap-down) optically-pumped Cesium split-beam sensor. These have a sensitivity of 0.005 nT and a range of 15,000 to 100,000 nT with a sensor noise of less than 0.02 nT. The heliborne sensor is mounted in a bird made of non-magnetic material located 25 m below the helicopter when flying. Total magnetic field measurements are recorded at 10 Hz in the aircraft. The ground system is recording magnetic data at 1 sample every second with a GSM-19 Overhauser base-station magnetometer.
Time-Domain Electromagnetic System: ProspecTEM
The ProspecTEM system employs a transient or time-domain electromagnetic transmitter that drives an alternating current through an insulated electrical coil system. The towing bridle is constructed from a Kevlar rope and multi-paired shielded cables. It is attached to the helicopter by a weak link assembly. An onboard harness with outboard connectors mounted on a plate allows for quick disconnection or connection of the exterior elements. The system uses a 4 KW generator and a large condenser to transmit alternating 2.75-ms half sine pulses with intervening off-times of 13.916 ms electric pulse, 60 pulses per second.
Panther Metals PLC:
+44(0) 7971 957 685
Mitchell Smith, Chief Operating Officer: +1(604) 209 6678
Brokers:
SI Capital Limited
Nick Emerson +44(0) 1438 416 500
Peterhouse Capital Limited
Guy Miller and Duncan Vasey +44(0) 20 7469 0930
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
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...
FOR OUR FULL DISCLAIMER CLICK HERE