Panther Metals PLC (LSE:PALM) is well underway with preparations to drill the Obonga project, approximately 160km north of Thunder Bay, Ontario.
The diamond drilling will target high priority electromagnetic and magnetic geophysical anomalies prospective for volcanogenic massive sulphide (VMS) copper and other base metal mineralisation, as well as intrusion-hosted nickel, platinum and palladium.
The construction of helicopter landing zones at the five drill target locations will complete this week ahead of the planned drilling rig mobilisation.
"The construction of helicopter landing zones across our portfolio of targets on Obonga represents the final preparations ahead of the diamond drill rig mobilisation,” said Darren Hazelwood, chief executive of Panther Metals.
“Our aggressive plans to drill five separate targets containing multiple anomalies flies in the face of conventional thinking in today's junior exploration sector but this approach offers extraordinary upside combined with the most efficient use of capital. Our confidence in this greenstone belt was further enhanced following our discovery of VMS mineralisation at Wishbone on Obonga in the autumn of 2021, providing confirmation that we are operating in a location containing all the right ingredients.”
The Obonga project covers an area of approximately 251 square kilometres, providing an 88% coverage of the Obonga greenstone belt.
The five high priority prospects for which exploration drilling permits are in place are known as Wishbone, Awkward, Survey, Ottertooth, and Silver Rim.