Panther Metals PLC (LSE:PALM) noted that Panther Metals Ltd (Panther Australia) had completed a 38-hole drilling programme at the Eight Foot Well gold prospect.
The drill rig is now moving to the Burtville East gold prospect where drilling is due to start imminently.
"The rapid deployment of the drill rig to Burtville East, to start a third drilling programme, following the conclusion of the drilling at Eight Foot Well, reflects the intention of Panther Australia to rapidly advance the company following their ASX listing in December,” said Darren Hazelwood, chief executive of Panther Metals PLC (LSE:PALM).
Panther Metals PLC owns 36.6% of Panther Australia.
Panther Australia intends to investigate the potential for defining a maiden resource estimate at Eight Foot Well once the drilling results have been received.