Business
Obonga: Progress Update
Obonga: Progress 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)\n1 July 2024\nObonga: Progress Update\nPanther Metals PLC (LSE:PALM) the company focused on developing Canada's next base metal volcanogenic massive sulphide (\"VMS\") camp and graphite deposit, is pleased to provide an update for both the VMS and graphite focussed work streams at the Obonga Project in Ontario, Canada.\n \nDarren Hazelwood, Chief Executive Officer, commented:\n \n\"The high resolution, low altitude 25m line spacing, magnetic geophysical drone survey over the Survey, Ottertooth and Silver Rim prospect areas will greatly enhance our drill targeting on these three highly prospective systems. The digital data is currently being processed and we eagerly await the 3D inversion models and mapping products.\n \nPanther's metallurgical work has already confirmed that the single hole drilled into the 3km long Survey anomaly, intersected another VMS system and this new magnetic geophysics data will help refine the potential size of this deposit over which we have a current drill permit. We also have drill permits for the Ottertooth and Silver Rim prospects, both of which represent areas of high interest that will be targeted in the same aggressive manner we conducted at Survey.\n \nI'm delighted with the feedback from the geological team who have been working on the ground in the Awkward area of Obonga; the fact we are sending a host of samples to the laboratory for total graphitic carbon assays speaks volumes for the potential of the area post our graphite discovery announced earlier this year. I look forward to sharing the results once known.\"\n \n \nVMS Targeting: High Resolution Magnetic Geophysics Survey\n \nGeophysical survey experts Pioneer Exploration Consultants Ltd. (\"Pioneer\") have completed the unmanned aerial vehicle (\"UAV\" or \"Drone\") high resolution airborne magnetic geophysical surveys over three high prospectivity a...