Business
Grant of Gold Project and Appointment
Grant of Gold Project and Appointment.
About this update from Panther Metals Plc
[{"type":"text","content":"\n \nRNS Number : 4094C Panther Metals PLC 10 February 2020 \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\nThis announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.\n\n\n\nFOR IMMEDIATE RELEASE\n\n\n\n\n\n\nPANTHER METALS PLC\n(Incorporated in the Isle of Man with company number 009753V)\n10th February 2020\nGrant of Annaburroo Gold Project\nAppointment of Dr. David Groves\nPanther Metals PLC (LSE:PALM) (\"Panther\" or \"the Company\"), the company focused on mineral exploration in Canada and Australia, is pleased to announce the formal grant of exploration license EL32140, named the Annaburroo Gold Project, in the Northern Territory, Australia. In addition, the Company has appointed Dr. David Groves to the board of its 100%-owned Australian subsidiary, Panther Metals Pty Ltd (ACN 614 676 578), with immediate effect.\nAnnaburroo Gold Project\n· Gold discovered at Annaburroo by Newmont Australia.\n· Grab sample grades include 61.2 g/t Au and 50.8 g/t Au.\n· 5m @ 6.68 g/t Au intercepted in trenching.\n· Near surface drilling intercepts include 2m @ 3.10 g/t Au.\n· Located in the highly prospective Pine Creek Orogen, Northern Territory.\nDr. David Groves\n· PhD in Economic Geology. \n· Ex-President of the Society of Economic Geologists (SEG), Geological Society of Australia (GSA) and Society for Geology Applied to Mineral Deposits (SGA).\n· Ex-Director of Key Centre for Strategic Mineral Deposits, University of Western Australia.\n· Awarded the SEG Penrose Gold Medal and SGA-Newmont Gold Medal for his career achievements.\nDarren Hazelwood, CEO, commented:\n\"The grant of the Annaburroo Gold Project license allows the Company to proceed with its maiden exploration programme on its fully-owned gold exploration projects in the Northern Territory. I expect this programme to commence from Q2 of 2020. With the Company fully funded into 2021 for our planned work programmes, we look f...