Panther Metals Ltd (ASX:PNT) Commences Drilling at Burtville East Gold Project
11 March 2025
Price Sensitive Announcement $
Highlights:
2,000m drill programme has commenced at the Burtville East Gold Project; the main focus of the programme is to test for any potential extensional zones
Other activities will include:
o probing the historic stope to allow safe future near surface bulk sampling activities
o metallurgical and mineralogical holes to provide data for future mining studies
o testing existing high-grade gold stockpiles with a view to monetisation
Historic intercepts from the Company’s 2022 600m maiden drill campaign included:
o BVE006: 15m at 53.94g/t Au from 27m, inc. 1m at 478.00g/t from 28m
o BVE009: 10m at 7.15g/t Au from 84m, inc. 1m at 62.80g/t Au from 91m
o BVE002: 1m at 73.3g/t Au from 93m
Visible gold was panned from drill hole cuttings (see ASX Announcements, 14 July 2022 and 29 September 2022)
2024 drilling returned wide, high-grade gold intercepts, inc. multiple 1m bonanza grade peaks:
o 24BERC06: 6m at 28.66g/t Au from 44m, inc. 1m at 127.00g/t Au from 44m
o 24BERC08: 8m at 15.29g/t Au from 68m, inc. 1m at 52.30g/t Au from 68m and 1m at 56.00g/t Au from 69m
(see ASX Announcement, 13 December 2024)
Company Notes:
Daniel Tuffin, Managing Director and CEO, commented:
“Our analysis of last quarter’s drill campaign, which returned further bonanza-grade intercepts, underscored the project’s potential and the need for additional funding to further explore for any potential gold extensions at Burtville East and capitalise on the current strong gold price.
The Company will also utilise this programme to advance the project via probing historic workings for future bulk sampling activities, conducting metallurgical and mineralogical studies to support mining reviews and assessing the existing high-grade stockpiles for potential monetisation.
With drilling now underway, we look forward to providing further updates as results come to hand.”
Full ASX Announcement: Panther Metals Ltd ASX Announcement