Panther Metals PLC (LSE:PALM) said it has commenced a follow-up soil geochemical sampling programme in the Barker area of the Manitou Lakes project in Ontario, Canada.
The project covers a total area of approximately 98 square kilometres and is located within the gold-endowed Kenora Mining District on the Eagle-Manitou Lakes greenstone belt, approximately 300 kilometres east of the city of Thunder Bay.
This programme is designed to test the strike extent of mineralisation, following the discovery of anomalous and high-grade gold-in-soils this summer.
The work will also help plan for future induced polarisation geophysics survey work scheduled for this winter, and with future drill target planning, the company said.
"The extent and grade of anomalous gold identified by this summer's soil sampling programme in the Barker area was exceptional, but the open-ended extent of the mineralisation meant we needed to enlarge the survey coverage to get a feel for the possible size of the target,” said Panther chief executive Darren Hazelwood in a statement.
“This expanded soil programme is designed to test the boundaries of that gold mineralisation. The historic gold mine located 700 metres to the south of the Barker zone was built on a gold-bearing shear structure with an unknown strike extent," he added.
The Manitou Lakes soil programme consisted of a total of 429 soil samples collected over three survey grids located in the east and central part of the project.