Business
Obonga Project Additional Claim Purchase Option
Obonga Project Additional Claim Purchase Option.
About this update from Panther Metals Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0429T\n Panther Metals PLC\n 22 November 2021\n \n \n \n \n NOT 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 \n \n \n FOR IMMEDIATE RELEASE\n \n \n \n \n \n \n \n \n \n PANTHER METALS PLC\n \n \n (\"Panther\" or the \"Company\")\n \n \n (Incorporated in the Isle of Man with company number 009753V)\n \n \n 22 November 2021\n \n \n Canada - Obonga Project Additional Claim Purchase Option\n \n \n Panther Metals PLC (LSE:PALM) a company focused on mineral exploration in Canada and Australia, is pleased to announce the signing of a purchase option agreement over four multicell mining claims (the \"Properties\" or \"Claims\") covering a total area of 7.7km2 to supplement the Obonga Project's 235km2 of prospective greenstone belt coverage,160km north of Thunder Bay in the Province of Ontario, Canada.\n \n \n \n \n \n Darren Hazelwood, Chief Executive Officer, commented:\n \n \n \n \n \n \"Site visits. Favourable inspection of visual core. Result, the acquisition of four more licence areas.\"\n \n \n \n \n \n \n \n \n Property Details\n \n \n \n \n \n The purchase option agreement covers the four named properties: Wig; Z2 Gold; Tommy W; and Otter Gold, as outlined below. Each of the properties consists a single multicell mining claim held by Mr Aki Siltamaki. A map showing the location of the Properties is available at the following link: \n \n \n https://www.panthermetals.co.uk/images/2021/Obonga_Project_-_Aki_Siltamaki_Properties_Map.jpg\n \n \n \n \n \n \n \n \n Wig Property\n \n \n The Wig Property is directly adjacent to the north-western side of Panther's current Awkward Conduit Prospect (\"Awkward\") on the southern flank of the Awkward Lake zoned mafic intrusive body. Wig supplements and extends the Awkward prospect area which is targeting intrusive hosted palladium, platinum, nickel, copper, and cobalt.\n \n \n \n \n \n Z2 Gold Property\n \n \n The Z2 Gold property is located on the southern boundary of the Obonga Project and covers magnetic and electromagnetic geophysical targets. A...