Business
Completion of Exploration Programmes at Merolia
Completion of Exploration Programmes at Merolia.
About this update from Panther Metals Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8769T\n Panther Metals PLC\n 30 March 2021\n \n \n \n \n NOT 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 \n \n \n FOR IMMEDIATE RELEASE\n \n \n \n \n \n \n \n \n \n PANTHER METALS PLC\n \n \n (\"Panther\" or the \"Company\")\n \n \n (Incorporated in the Isle of Man with company number 009753V)\n \n \n 30 March 2021\n \n \n Successful Completion of First Exploration Programmes at Merolia\n \n \n \n \n \n Panther Metals PLC (LSE:PALM) the company focused on mineral exploration in Canada and Australia, is pleased to announce, the completion of the initial exploration programmes on its 100%-owned Merolia Gold Project in Western Australia. \n \n \n \n \n \n Darren Hazelwood, Chief Executive Officer, commented:\n \n \n \n \n \n \"The progress across the business over the last 2 months has been phenomenal and I'm delighted to share part of that progress. Our understanding of the opportunities that present themselves in Australia has expanded significantly and the raw data from the airborne geophysical programme over the Merolia Gold Project, in particular, adds to our confidence in the project. \n \n \n \n \n \n In addition to the gold potential evident across the project area, a significant nickel-cobalt target has been identified in the southern part of our licence holdings at Merolia. This target zone is particularly evident in the latest airborne geophysical data, where it is marked by a significant magnetic high covering an area of at least 7.5 x 2 km. We are looking forward to further expanding both our gold and nickel-cobalt targets in the coming months through our follow-up exploration programmes.\"\n \n \n \n \n \n Summary of Exploration Programmes\n \n \n \n \n \n The 5,867 line-km airborne geophysical survey over the Merolia Gold Project area has recently been completed by Thomson Airborne Pty Ltd. The high resolution survey, involving the collection of magnetic, radiometric and elevation data on a 50m line spacing and at a nominal flight altitude of 35m above ground (Figure 1), ...