Acquisition of Claims - Big Bear

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[{"type":"text","content":"\n \n22 May 2019\n\nPanther Metals PLC\n\n(“Panther” or the “Company”)\n\nBig Bear Project - Acquisition of Claims\n\nPanther Metals Plc (NEX:PALM) the NEX listed, London based, exploration and development company is delighted to announce the acquisition of additional ground surrounding the former Little Bear Mine, immediately to the north of the Company’s Big Bear Project in Ontario, Canada.\n\nDarren Hazelwood, Chief Executive Officer, commented:\n\n“We are thrilled to secure the prospective ground surrounding the historical Little Bear Mine. We believe this purchase has strategic significance as it provides strike coverage of a known gold bearing system that abuts directly to the northern boundary of our Big Bear Project where two vein samples of over 100g/t Au were taken during the reconnaissance work, announced in February of this year.”\n\nNick O’Reilly, Non-Executive Director, commented:\n\n“The acquisition of these additional claims provides a very important extension over potentially significant structural corridors within the Archean greenstones on the eastern edge of the Ellis Lake granitic intrusive body. The juxtaposition of fluid conduits and heat source are thought to be important for the development of the bonanza gold grades historically reported within the Little Bear Mine.”\n\nHighlights:\n\n\n\nLittle Bear North (“LBN”) acquisition by the Company consists 14 individual mining claims covering a total area of approximately 2.97km2. The separate Little Bear Mine patented lease area (0.13 km2) is totally contained, but excluded from, the LBN area, and not owned by the Company.\n\n\n\nLBN claim package surrounds the historical Little Bear Mine patented mining lease.\n\n\n\nBased on geological interpretation and available mapping there are at least four structural faults or shears, a diorite intrusive body and potential metavolcanic source rocks within the LBN area on the western fringe of the Ellis Lake Batholith.\n\n\n\nThe high-grade gold bearing Little Bear Mine quartz vein coincides with the confluence of two faults at the contact with the batholith, supporting the source rock – fluid conduit – heat driver exploration model.\n\n\n\nDescription of Package\n\nThe Little Bear North claims package (\"the Package\") comprises 14 contiguous Single Cell Mining Claims covering an area of ap...

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