Panther Metals PLC (LSE:PALM) has noted the high-grade results from drilling by its Australian associate at the Burtville East Gold project and Eight Foot Well prospect in Western Australia.
Darren Hazelwood, Panther Metals PLC’s chief executive, said: "The goldfields of Western Australia continue to produce surprises and I'm delighted for everyone involved with this stunning drilling success at the Burtville East Project.
“The 15m @ 53.94g/t Au is an outstanding drill intercept especially given the shallow depth.
“The peak intersection of 1m @ 478g/t Au from 28m and the visible gold panned from drill chips reinforce the case for further exploration at Burtville East.”
Daniel Tuffin, managing director of the Australian business Panther Metals Limited added: "The first round of drilling at the Burtville East Project consisted of six RC drill holes for a total 675m drilled and was designed as an initial first pass programme to test accepted mineralisation trends and explore the potential for alternative trends.
“The results from this short programme of drilling at Burtville East are simply stunning.
"Some of the holes drilled into the accepted trend model did not perform as expected, while others, particularly in the case of hole BVE006, intercepted a new shallow broad high-grade zone of 15m at 53.94g/t gold. BVE006 was planned to investigate a conceptual, and untested, alternative mineralisation trend theory.”
Panther Metals PLC holds 36.6% of Panther Metals Ltd (ASX:PNT) (Panther Metals Ltd (ASX:PNT)).