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Fulcrum Metals plc - Project Structural Study
Fulcrum Metals plc - Project Structural Study.
About this update from Panther Metals Plc
[{"type":"text","content":"\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 THIS 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) REGULATIIONS (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 \n \n \n \n FOR IMMEDIATE RELEASE\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n PANTHER METALS PLC\n \n \n \n (\"Panther\" or the \"Company\")\n \n \n (Incorporated in the Isle of Man with company number 009753V)\n \n \n 23 March 2023\n \n \n \n Fulcrum:\n \n \n Schreiber-Hemlo Project Structural Study\n \n \n \n \n \n \n Panther Metals PLC (LSE:PALM) the company focused on mineral exploration in Canada, is pleased to note that Fulcrum Metals PLC (\"Fulcrum\") have announced the results of a regional structural study based on satellite data over their Big Bear and Jackfish Properties, part of Fulcrum's Schreiber - Hemlo Project, in Ontario, Canada.\n \n \n \n \n \n Panther holds a total of 9,971,839 ordinary shares in Fulcrum representing a 20% interest in the entire issued share capital of Fulcrum, plus 714,286 warrants exercisable at 17.5p with a two-year life from 14 February 2023 and a further 476,190 warrants exercisable at 26.25p with a three-year life. Panther also retains a 2% net smelter return (\"NSR\") royalty over the Big Bear Project.\n \n \n \n \n \n Fulcrum's full announcement, together with illustrative figures and background information, is available to view at the following link:\n \n \n https://fulcrummetals.com/news/\n \n \n \n \n \n Summary\n \n \n \n ·\n In November 2022, Fulcrum engaged\n Dr Francis Murphy of Murphy Geological Services (\"MGS\"), an industry leader in satellite structural interpretation, to define the structural framework of the Big Bear and Jackfish properties and generate targets for gold exploration within the properties (see Figure 1).\n MGS specialise in the application of structural ...