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Panther Metals applies to begin drilling at Big Bear in Ontario

Four permits have been applied for that will allow the explorer up to 20 holes of diamond core drilling and associated bedrock trenching

Panther Metals PLC -
Panther spent last year consolidating the neighbouring claims that comprise the Big Bear project

Panther Metals PLC (LON:PALM) has lodged applications for four exploration permits covering its Big Bear gold project in Ontario, Canada, which will allow it to begin a core drilling programme.

A plan is also being drawn up for a geophysical survey to be carried out in the coming months at Big Bear, which is situated near the town of Schreiber not far from the northern shore of Lake Superior, and covers 46 square kilometres on the highly prospective Schreiber-Hemlo greenstone belt.

READ: Panther Metals granted exploration licence over the Annaburoo gold project, hires Dr David Groves

The four exploration permits include up to 20 holes of diamond core drilling and associated bedrock trenching, together with ground induced polarisation and resistivity geophysics surveys, plus soil geochemical sampling of existing areas of interest and wider target structures.

Chief executive Darren Hazelwood said the permit applications have been lodged “to allow Panther to refine and test prospective gold and base metal targets outlined by both Panther and in historical exploration work”. 

He said a geophysical contractor visited the site last week in order to plan the logistics for the drone-borne aerial magnetics survey we are scheduling to be flown in early spring.

The four exploration permit applications cover the north, south, east and west of the project, supplementing and appending an existing exploration permit in place for the central zone.

Quick facts: Panther Metals PLC

Price: 10.5 GBX

Market: LSE
Market Cap: £5.56 m

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