- Diverse portfolio of assets in favourable jurisdiction
- Experienced management
- Exploration plans well advanced
What Panther Metals does
Panther Metals PLC (LON:PALM) is a junior exploration company run by experienced entrepreneurs, including Darren Hazelwood, who has significant experience investing in the resources sector, and Dr Kerim Sener, who has had significant success with the development of Ariana Resources (LON:AAU).
What Panther Metals owns
The company has two main areas of operation, Ontario, Canada, and the Northern Territory of Australia.
The Canadian project is called Big Bear, and covers 42 square kilometres of highly prospective ground on the Schreiber-Hemlo greenstone belt. This mineralised belt plays host to some major mines operated by some major companies, like Teck, Newmont and Barrick, so the address is right.
The Australian projects cover 13.4 square kilometres and are located 70 kilometres south of Darwin. The Marrakai gold project contains a series of gold prospects and geochemical anomalies. It’s located near infrastructure, with operational gold projects located approximately 18 kilometres away. Nearby is the high-grade Toms Gully underground mine, which contains 1.1mln tonnes of ore grading 8.9 grams per tonne gold. Also near is Rustlers Roost, one of the largest gold projects in the region.
The company also recently acquired the Annaburroo gold project in the Northern Territory of Australia.
What’s the latest?
Two areas on the Big Bear and Schreiber projects recently returned rock and vein samples grading between one and five grams per tonne gold, while four distinct separate areas returned quartz vein sample assays above five grams. What’s more, two quartz samples collected at a separation of 50 metres on an east-west trending surface outcropping quartz vein returned 105.5 grams gold per tonne and 112 grams respectively.
Applications to carry out further exploration have now been lodged with the relevant authorities.
From the chief executive
"The careful consolidation of the previously fragmented Big Bear Gold project area in Ontario, Canada, has resulted in a highly promising exploration opportunity containing multiple high-grade gold occurrences,” said chief executive Darren Hazelwood.
“It is important to highlight that the numerous sampling programmes conducted by Panther to date have largely confirmed historical work. We now look forward to building our understanding of the gold and base-metal systems which occur within the Big Bear project and to defining targets that can be drill-tested during our next focused work programme.”
“Meanwhile, in Australia, the granting of the Marrakai Project licence represents a pivotal moment for the company as we look toward executing our strategy in Australia. The company has adopted a particular focus on the Northern Territory, an area in which our chairman, Dr Kerim Sener, completed his PhD. With the Annaburroo Project awaiting grant following Native Title procedures, we look forward to being able to provide further detail on our planned Australian exploration programmes".