Gold Project Application, Australia

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[{"type":"text","content":"\n \n3 June 2019\n\nPanther Metals PLC\n\n(“Panther” or the “Company”)\n\nAnnaburroo Gold Project Application, Australia\n\nPanther Metals Plc (NEX:PALM) is pleased to announce that it has put in an application for licence EL32140, named Annaburroo Gold Project by the Company, in the Northern Territory, Australia. The licence covers an area of 150km2 and is located approximately 105km southeast of Darwin.\n\nDarren Hazelwood, Chief Executive Officer, commented:\n\n â€œI’m delighted we have been able to extend our reach into Australia, and particularly the Northern Territory, so quickly following the announcement of our maiden application on 20  May 2019.\n\nAs we see the acceleration of tier one producers teaming up with exploration focused companies Panther shows the benefit a remarkably strong board brings in the identification of value adding assets.”\n\nHighlights:\n\n\n\nAnnaburroo Project Exploration Licence Application (“ELA”) located in the highly-prospective Pine Creek Orogen, Northern Territory, Australia.\n\n\n\n\n\nELA covers an area of c. 150km2 and contains several highly prospective structural targets and gold geochemical anomalies, many of which require follow-up.\n\n\n\nNewmont Australia identified the Donkey Hill prospect on the southern end of the Annaburroo Dome, which yielded 61.2 g/t Au and 50.8 g/t Au from grab samples and 5m @ 6.68 g/t Au in trenching.\n\n\n\n\n\nLimited previous drilling at Donkey Hill provided near surface intercepts including 2m @ 3.10 g/t Au.\n\n\n\nDescription of Project\n\nThe Annaburroo Gold Project (\"the Project\") comprises a single licence application (EL32140) covering an area of 150km2, located 105km to the southeast of Darwin, Northern Territory.  The Project is well-located near infrastructure and the Toms Gully (20km away) and Rustlers Roost (27km away) deposits, which are owned by China Hanking Holdings Limited.  Toms Gully is a high-grade underground mine containing 1.1Mt @ 8.9 g/t Au (0.3 Moz); operations are expected to recommence in 2019.  Rustlers Roost contains 51Mt @ 1.0 g/t Au (1.6Moz) and is one of the largest gold projects in the region.  It is expected that this licence area will be explored by Panther contemporaneously with the Marrakai Gold Project, which is located 32km away to the west. \n\nThe Project is l...

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