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Fulcrum Metals: Schreiber-Hemlo Project Update
Fulcrum Metals: Schreiber-Hemlo Project Update.
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\nFOR IMMEDIATE RELEASE\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)\n13 September 2023\n \nFulcrum Metals: Schreiber-Hemlo Project Update\n \n \nPanther Metals PLC (LSE:PALM) the company focused on mineral exploration in Canada, is pleased to note the Fulcrum Metals PLC (\"Fulcrum\", LON: FMET) announcement detailing significant gold exploration results for their Schreiber-Hemlo project in Ontario, Canada.\n \nPanther currently holds a total of 9,971,839 ordinary shares in Fulcrum representing a 19.99% 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 \nDuring the summer Fulcrum completed a Phase 2 Exploration Programme comprising rock sampling and detailed geological mapping across the Schreiber-Pyramid area of the Big Bear property, followed by extended infill soil sampling of areas with limited or no bedrock exposure.\nThis work has delineated a gold bearing 3km long corridor which is currently open along strike and to the north. Four drill ready prospects have been delineated and a potential drill target pipeline comprising an additional five prospects have been scheduled for further work.\n \nDarren Hazelwood, Chief Executive Officer, commented:\n \n\"I congratulate the Fulcrum team for a further set of exciting gold results. It is very apparent that the Big Bear project area is yielding a growing strong pipeline of drill ready targets.\n \nAny drilling programme success at Big Bear is likely to have a materially positive impact on Panther and we look forward to Fulcrum providing details of their operational plans.\"\n \n \nThe associated announcement is available to view in full on the Fulcrum Metals PLC website( https://ful...