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Drilling Appointment - Wishbone Prospect, Canada
Drilling Appointment - Wishbone Prospect, Canada.
About this update from Panther Metals Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 6426N\n Panther Metals PLC\n 01 October 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 \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 29th September 2021\n \n \n \n \n \n \n \n \n Obonga Project Drilling Contractor Appointment - Wishbone VMS Prospect\n \n \n \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 appointment of Rugged Aviation Inc, Murillo, Ontario, Canada, to conduct the proposed diamond drilling programme targeting volcanogenic massive sulphide (\"VMS\") mineralisation at our Wishbone VMS Prospect at the Obonga Project in Ontario, Canada.\n \n \n \n \n \n Darren Hazelwood, Chief Executive Officer, commented:\n \n \n \n \n \n \"The Wishbone VMS Prospect was a high priority drilling target for mining giant BHP in the early 1990's, which due to corporate affairs elsewhere in Canada, has largely remained untested since. Subsequent airborne geophysical surveys flown over the area have served to increase the resolution of geophysical anomalies and show that the seven historical holes in the wider Wishbone area were all several hundred metres off-target.\n \n \n \n \n \n Following a full strategic review of all known data and the engagement of a geophysical consultant to model the latest available airborne magnetic and electromagnetic geophysics datasets, we have come to the unanimous conclusion that the anomalies at Wishbone should be drilled. Advances in geophysical technology since drilling last took place in the area add to our confidence that the most prospective zones were previously missed. The geological setting at Wishbone is notably reminiscent of the lucrative Sturgeon Lake area VMS deposits. \n \n \n \n \n \n With a drilling permit already in place and our supportive shareholders, we have been ab...