Business
Manitou: Glass Reef Target Update
Manitou: Glass Reef Target 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\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)\n28 June 2024\nManitou: Glass Reef Target Update\nPanther Metals PLC (LSE:PALM) the company focused on mineral exploration in Canada, is pleased to provide an update for the Manitou Lakes Project where the inaugural diamond drilling has confirmed gold mineralisation in four of the five holes drilled at the Glass Reef Target (Figure 1), in Ontario, Canada. The drilling was a follow‐up on the widespread anomalous gold in soil and rock sampling values in Panther's geochemical survey 1 over the historical Glass Reef Mine area. There are over 200 known gold occurrences in the Manitou Lakes area and numerous historic gold producers in the Eagle - Manitou Lakes Greenstone Belt which is prospective for Archean age orogenic gold and associated base metal deposits.\n \nDarren Hazelwood, Chief Executive Officer, commented:\n \n\"The Glass Reef drill programme has confirmed the presence of schist/shear zone hosted gold, a breakthrough for the team and project. With 80% of the shallow holes intersecting gold, we have a foundation as we now work towards understanding the structural and lithological controls to the gold mineralisation.\n \nThe area is witnessing an incredible amount of exploration in a previously underexplored location and every result increases the wider understanding of the geology. To be right at the heart of this gold rush with a project that contains anomalous gold is exciting for any explorer and I look forward to updating the market on future plans.\"\n \nSummary\n \nPanther's optionor partner for the Manitou Lakes Project, Shear Gold Exploration Corporation (\"Shear Gold\"), has completed studies and authored a technical report detailing the findings of the inaugural drill programme which completed December 2023. Interpretations show the five shallow holes (Figure 1), totalling 495m of core recovered, intersected metavolcanic schist shear zones ...