Panther Metals PLC (LON:PALM) chief executive Darren Hazelwood said the completion of airborne geophysical programmes on its 100%-owned Annaburroo and Marrakai gold projects in the Northern Territory “marks an important point in the development” of the company’s Australian portfolio.
The company, which is also exploring in Canada, carried out 1,715km of high-resolution airborne surveys over the two project areas.
Contractor Thomson Airborne collected magnetic, radiometric and elevation data on a 50m line spacing and at a nominal flight altitude of 35m above ground.
Panther has engaged geophysical consultants Core Geophysics to process the raw data and stitch the resultant outputs with other regional datasets.
The results will then be utilised to guide the exploration targeting process in order for the Company to define specific areas of ground-based follow-up, geochemical sampling and geological mapping.
“We now have full high-resolution geophysical data coverage of all of our licences in both the Northern Territory and Western Australia,” said Hazelwood.
“Once we complete the stitching of these new datasets to other contiguous datasets we will have full regional coverage, which will enable contextual exploration targeting across our licence areas.
“This represents a cornerstone to our exploration strategy, which builds datasets systematically to improve on our ability to complete successful targeting and field follow-up.”