Panther Metals PLC (LSE:PALM) said it applied for an exploration permit for an additional three base metal prospects at its Obonga project in Ontario.
It covers the drilling of up to 10 holes and associated down-hole electromagnetic geophysics surveys across the three prospects: Silver Rim, Ottertooth and Survey, which are respectively located in the north, centre-east and centre-west of the Obonga project.
"With this additional exploration permit application, Panther is building a pipeline of high prospectivity drill targets at Obonga,” said Panther chief executive Darren Hazelwood, adding that the permit would increase the number of targets at Obonga to five.
The application was submitted in collaboration with Broken Rock Resources Ltd.
“Together with Broken Rock, Panther discovered a VMS [volcanogenic massive sulphide] system at Wishbone last autumn, we are currently procuring drilling tenders for the exciting Awkward nickel target, scheduled for drilling post-snow melt, and this permit application will support the drill testing of three new base metal and nickel targets," said Hazelwood.
READ: Panther Metals discovers VMS mineralised system at Obonga, Canada