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Intrusive Layering Grades Strengthening With Depth
Intrusive Layering Grades Strengthening With Depth.
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 1JURISDICTION\nTHIS 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) REGULATIONS (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\nFOR IMMEDIATE RELEASE\n\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)\n25 March 2025\nDotted Lake: Drilling Results\nIntrusive Layering Shows Grades Strengthening With Depth\nPanther Metals PLC (LSE:PALM) the company focused on mineral exploration in Canada, is very pleased to announce the fourth batch (\"Batch 4\") of drill core assay results including diamond drill holes DL24-003 and DL24-002, for the Phase 1 Diamond Drilling Programme (the \"Drill Programme\") at the Dotted Lake Project (\"Dotted Lake\" or the \"Project\"), on the north limb of the Schreiber-Hemlo Greenstone Belt in Ontario, Canada.\n \nBatch 4 assay results for DL24-002 show a 214.7m wide open-ended zone of intrusive ultramafic derived magnesium (Mg) rich serpentinite grading up to 21.7% Mg, which is mineralised with the platinum group elements (\"PGE\"), platinum (Pt) and palladium (Pd), nickel (Ni), chromium (Cr) and silver (Ag), between 113.3m downhole to end of hole at 328m.\n \nThe DL24-002 Ni and Cr assay result grade variations show layering with three distinct higher grade zones within the bottom 112m of the hole, with grades ranging up to 3.05% Ni Equivalent (\"NiEq\") as well as overlimit Cr. As hole DL24-002 was ended inside the intrusive, the prospect of strengthening grade-layering with depth is considered strong.\n \nDarren Hazelwood, CEO, commented:\n \n\"The final batch of drill core assay results from the Phase 1 Drill Programme have confirmed a further wide zone of magnesium-rich serpentinite intrusive and additional high grade Cr overlimit intercepts. \n \nWe a...