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Manitou Lakes Drilling Programme Commences
Manitou Lakes Drilling Programme Commences.
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.\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSE OF ARTICLE 7 OF REGULATION 2014/596/EU WHICH IS PART OF UNITED KINGDOM (\"UK\") DOMESTIC LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) (\"UK MAR\"). MARKET SOUNDINGS WERE TAKEN FROM CERTAIN PERSONS IN RELATION TO THE PLACING AND THE SUBSCRIPTION. THIS INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.\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)\n21 November 2023\nManitou Lakes Drilling Programme Commences\nPanther Metals PLC (LSE:PALM) the company focused on mineral exploration in Canada, is pleased to announce the commencement of the inaugural Manitou Lakes Project diamond drilling programme which is targeting gold mineralisation at the Glass Reef Target (Figure 1).\n \nThe drilling rig and technical team have now arrived on the project and have commenced the drilling preparation work.\n \nThe planned diamond drilling programme has been designed to test a linear gold in soil anomaly delineated in the vicinity and along strike of the historical Glass Reef Mine which worked a quartz gold stockwork between the 1890s and 1912. The current planned programme will encompass up to six diamond drill holes over a 300m strike length.\n \nThe contractor Niigaani Drilling Incorporated will be utilising a CS1000 Diamond Drill rig for NQ (47.6mm) diameter core. Panther's Manitou Lakes Project option partner Shear Gold Exploration Corp. is providing geological oversight and logistical management.\n \nThe circa 122 km2 Manitou Lakes Project, is targeting gold on the Eagle-Manitou-Wabigoon Greenstone Belt, in northwestern Ontario, Canada.\n \n \nDarren Hazelwood, Chief Executive Officer, commented:\n\"I am delighted to report that the inaugural drilling programme on the Manitou Lakes Project has now commenced with ...