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Dotted Lake: Drilling Results
Dotted Lake: Drilling Results.
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 1JURISDICTION\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC UK LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) (\"UK MAR\"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\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)\n21 March 2025\nDotted Lake: Drilling Results\nAssay Results Confirm Magnesium Rich Serpentinite, Wide Drill Intercepts Continue to Reinforce Ultramafic Intrusive Fertility\nPanther Metals PLC (LSE:PALM) the company focused on mineral exploration in Canada, is very pleased to announce the third batch (\"Batch 3\") of drill core assay results including diamond drill holes DL24-004 and DL24-003, for the Phase 1 Diamond Drilling Programme (the \"Drill Programme\") at the Dotted Lake Project (\"Dotted Lake\" or the \"Project\"), on the north limb of the Schreiber-Hemlo Greenstone Belt in Ontario, Canada.\n \nThe latest geochemical assay results confirm 94m and 129m wide intercepts of ultramafic intrusive are in a magnesium (Mg) rich serpentinite. The serpentinite, which forms through the alteration of ultrabasic rock, grades up to 20.6% Mg, as well as being mineralised with the platinum group elements (\"PGE\"), platinum (Pt) and palladium (Pd), nickel (Ni), chromium (Cr) and silver (Ag).\n \n \nDarren Hazelwood, CEO, commented:\n \n\"These latest results have grown the lateral extent of the large ultramafic rock intrusion to over 2.8km between diamond drill holes 3 and 4.\n \nVery excitingly, the latest results not only continue to show the intrusive contains metals typically associated with ultramafic rocks, such as nickel, copper, cobalt, chromium, and PGMs, but it has also undergone metamorphism and alteration to become magnesium rich serpentinite with 94m to 129m wide intercepts gradin...