Panther Metals (ASX:PNT) is moving quickly to follow up recent bonanza grades of up to 478g/t gold at its Burtville East Project in Western Australia with the start of a second drilling programme.
Highlights:
- Drilling will further investigate the new shallow, broad, high-grade gold zone discovered following a recent top intercept of 15m at 53.94g/t from 27m, including 1.0m at 478g/t from 28m and 1.0m at 125.5g/t from 34m.
- Panther has moved quickly to review the results from the first round of drilling to plan and implement a follow up drill programme.
- Burtville East is located in the north-western part of the Merolia Gold Project, which contains a dominant landholding over some of the region’s most prospective and underexplored ground.
- Drilling will be undertaken in two phases, with diamond holes to provide stratigraphic and structural data and RC holes to test the extents of the current theorised strike.
“The first round of drilling at the Burtville East Project consisted of just six RC holes; results from this short program of drilling were simply stunning, particularly in the case of hole BVE006, which intercepted a new shallow high-grade zone of 15m at 53.94g/t gold,” Managing Director and CEO, Daniel Tuffin, said.
“The interception of this new high-grade gold zone in hole BVE006 challenged the accepted theory of mineralisation trends at Burtville East.
“The company has since moved fast to review the results from the first round of drilling to plan and implement a follow up drill programme, with diamond holes to provide stratigraphic and structural data and RC holes to test the extents of the current theorised strike.”
New Burtville East Drill Programme
In 2022 to date a total of 675 metres of RC drilling has been completed at Burtville East. This initial program was designed to confirm grades from historical drilling, but also to challenge areas of low confidence in the existing geological model. Results from the Phase 1 drilling were announced on 14 July 2022.
The Phase 2 programme has now commenced and will aim to initially provide diamond core equivalents for key intercepts where significant mineralisation has recently been documented (Primarily drill holes BVE006 and BVE002).
This will allow for detailed observations to be made of the structural characteristics of the various high-grade to “bonanza” intercepts.
Following this, further RC drilling will immediately commence to complete further investigation for the potential of multiple lodes to exist at relatively shallow depths (30- 100m), within the footwall and hanging wall of what has been defined as the primary lode.
For further information please visit: https://panthermetals.com.au/
