Advanced Analysis Free Trading Signals Real Time Alerts

Panther Metals (PALM) Says Soil Geochemical Survey To Begin Next Week

Practice Stock Trading Your capital is at risk
Updated: 8 Jun 2021

Panther Metals (LON: PALM) announced Tuesday the commissioning of a soil geochemical survey over the Dotted Lake Exploration Permit area.

The survey is due to begin next week with the company's CEO, Darren Hazelwood stating that it “will seek to delineate strike extensions to the high-grade gold mineralisation intersected by historical trenching and will provide surface coverage to prospective structures delineated by Panther's airborne geophysics survey conducted late last year.”

Panther has contracted Fladgate Exploration Consulting Corporation to conduct a soil geochemistry sampling programme over a 1.60km by 0.85km target area.


The soil geochemistry survey has been designed to build out and in-fill the westerly strike extensions of high-grade gold mineralisation intersected by historical trenching undertaken by a previous licence holder in 2010.

“Panther have also now completed the drill tender process for the Dotted Lake reconnaissance diamond drill hole which is planned to intersect the sheared contact between granodiorite and ultramafic rocks interpreted in the vicinity of the historical trenching,” added Hazelwood.

Panther Metals' share price is currently trading down 0.9% at 13.85p.

Should You Invest in Panther Metals Shares?

After a fall from the $2,000 level, could gold be set for another run higher? If you're a gold investor, you won't want to miss out on these stocks… Discover which companies our analysts are focusing their attention on for the coming months. If gold does move back to $2,000, these investments could see significant gains

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 68 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .