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.
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