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Obonga: Award of Wishbone Exploration Permit
Obonga: Award of Wishbone Exploration Permit.
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)\n27 June 2024\nObonga: Award of Wishbone Exploration Permit\nPanther Metals plc (LSE:PALM) the company focused on mineral exploration in Canada, is pleased to announce the receipt of Exploration Permit PR-24-000022 (the \"Permit\") covering the Wishbone Prospect (\"Wishbone\") at the Company's Obonga Project (\"Obonga\") located on the Obonga Greenstone Belt in northern Ontario.\n \nThe Permit is valid through to 20 June 2027 and allows for a comprehensive programme of works over the Wishbone volcanogenic massive sulphide (\"VMS\") base metal discovery. Awarded in association with Broken Rock Resources Ltd (\"Broken Rock\"), the Permit covers a planned series of up to 39 diamond core drill holes and associated down-hole geophysics surveys spread across the Wishbone VMS target area, the permitted work follows on from drilling conducted by Panther in 2022 and 2021 whereby the Company successfully confirmed and characterised the first VMS discovery to be made on the Obonga Greenstone Belt 1, 2.\n \nThe Wishbone Permit supplements Exploration Permit PR-22-000116 which covers work through to 14 July 2025 at Obonga's Survey VMS discovery, and the Ottertooth and Silver Rim prospect areas.\n \nDetails and the location of the permitted work at Wishbone is outlined in Table 1, Figure 1 and Figure 2 below.\n \nDarren Hazelwood, Chief Executive Officer, commented:\n \n\"Wishbone stands alone as one of the most exciting, underexplored, VMS greenfield exploration targets in Canada. Our work has defined four new sulphide lenses, zinc at commercial grade, together with anomalous copper and silver within the correct geological setting.\n \nThe dense cluster of lake sediment copper anomalies within close vicinity of Wishbone are remarkable by any metric and they stand out on both a regional and provincial basis.\n \nThe issue of this Permit will allow us to accel...