Panther Metals PLC (LSE:PALM) highlighted the start of a follow-up drilling programme on the Burtville East gold project by its Australian associate.
Panther Metals Ltd (ASX:PNT)’s programme will include both diamond core and reverse circulation (RC) drilling designed to follow-up on the shallow high-grade gold intercepts, including 15 metres at 53.94 grammes a tonne gold, announced on July 14.
READ: Panther Metals delighted with drill results from Australian associate
"The recent discovery of wide shallow high-grade gold intercepts in RC drilling at Burtville East was a significant development for Panther Australia, and the commencement of follow-up diamond drilling within such a short timeframe is remarkable,” said Darren Hazelwood, chief executive of the London-listed Panther.
Phase 1 of the follow-up programme will target the high-grade gold intercepted in hole BVE006 and test for the existence of parallel lodes to the mineralising system, while Phase 2’s reverse circulation drilling will test the lateral strike extent of the gold mineralisation already intersected.
Panther Metals PLC (LSE:PALM) holds a 36.6% stake in Panther Metals Ltd (ASX:PNT).