Business
All Drilling Complete in Western Australia
All Drilling Complete in Western Australia.
About this update from Panther Metals Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN OR INTO AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE UNITED STATES OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION\n\n\n\n\nFOR IMMEDIATE RELEASE\n\n\n\n\n\n\n\nPANTHER METALS PLC\n(\"Panther\" or the \"Company\")\n(Incorporated in the Isle of Man with company number 009753V)\n1 August 2023\nAll Drilling Complete in Western Australia\nPanther Metals PLC (LSE:PALM) the company focused on mineral exploration in Canada, is pleased to note the Panther Metals Ltd (\"Panther Australia\") Australian Securities Exchange (\"ASX\") announcement that it has completed its second drilling campaign seeking to grow the current 70.6Mt Inferred Mineral Resource at the Coglia Nickel-Cobalt Project in the Eastern Goldfields region of Western Australian. Panther Metals Plc hold 23.54% of the outstanding shares in Panther Metals Ltd (ASX:PNT).\n \nThe Panther Australia drilling campaign also targeted additional prospects at 40 Mile Camp, Mt Goose and Comet Well South, these programs are also complete.\n \nFurther details, illustrative figures and maps are available to view in the ASX Announcement via the Panther Australia website: https://www.panthermetals.com.au\n \n \n \n \nDarren Hazelwood, Chief Executive Officer, commented:\n \n\"Coglia is about achieving and advancing a major metal discovery, the primary goal has already been met, following this drill campaign it's our belief this deposit will be moved into the major metal discovery bracket. With further opportunities for discoveries at three other project locations we enter an exciting phase as we await results that could materially impact both businesses.\"\n \n \nHighlights\n \n \n· All drill programs in the Laverton region now complete.\n· Completion was streamlined via scheduling and site preparation best practices.\n· Extensional reverse circulation ('RC') drilling at the Flagship Coglia Nickel-Cobalt is targeted to grow the 70.6Mt Nickel-Cobalt inferred mineral resource.\n· The maiden air core ('AC') program at 40 Mile Camp aims to test the first of many anomalous gold/nicke...