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Panther Metals says data processing completed from airborne surveys in Western Australia and the Northern Territory

Data from the surveys will help identify targets for exploration drilling

Panther Metals PLC -
Part of the the Merolia gold project area

Panther Metals PLC (LON:PALM) announced the completion of data processing from airborne geophysical programmes on its wholly owned projects in Western Australia and the Northern Territory.

Thomson Airborne Pty Ltd completed a 5,867 line-km airborne geophysical survey over the Merolia gold project area, in Western Australia, and a 1,715 line-km airborne geophysical survey over the Annaburroo and Marrakai gold project areas in the Northern Territory.

"The completion of our airborne geophysical programmes in Western Australia and the Northern Territory marked an important point in the development of our Australian portfolio,” said chief executive Darren Hazelwood.

“Going a step further, we have now integrated our high-resolution geophysical data coverage with other open-file data across our regions of operation, providing us with a unique tool for further exploration, enabling contextual exploration targeting across our licence areas.”

Panther said it expects to undertake an initial reverse circulation drilling programme to test certain target areas.

Alongside the geophysical survey over the Merolia project, Panther also completed an extensive auger drill geochemistry programme within tenement E38/3384. This programme covered a large part of the south-eastern extension of the Comet Well Gold trend from which significant gold anomalism in soil was previously identified over at least 2.5km of strike, it said.

One anomalous gold target in the central area (40 Mile Camp) and one open gold target defined in the north (near Comet Well) were defined.  

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