Business
Panther Minerals Updates Progress On The Boulder Creek Project, Alaska
VANCOUVER, BC, Sept. 18, 2024 /CNW/ - Panther Minerals Inc. ("Panther Minerals" or the "Company") (CSE: PURR) (OTC: GLIOF) (FWB: 2BC) is pleased to offer an upd
About this update from Panther Minerals Inc.
[{"type":"text","content":" VANCOUVER, BC, Sept. 18, 2024 /CNW/ - Panther Minerals Inc. (\"Panther Minerals\" or the \"Company\") (CSE: PURR) (OTC: GLIOF) (FWB: 2BC) is pleased to offer an update on corporate progress, including project advancement of its flagship Boulder Creek project. Panther Minerals has recently been informed (September 12th, 2024) by the Alaska Department of Natural Resources that the final MLUP permit (Miscellaneous Land Use Permit - required to explore for and mine locatable minerals and to conduct reclamation) is in the editing phase, with a positive decision expected in the near term. As outlined previously (August 8th, 2024) the Company has conducted a thorough and detailed permitting protocol, led by Jack DiMarchi of Core Geoscience LLC, to secure permits for the next 5 years. Since the acquisition of the Boulder Creek project in April 2024 the Company has made significant progress advancing the project: PROPERTY - April 25, 2024 – Expansion of the Boulder Creek property to 22,400 acres or 9,065 hectares (90.65 square kilometres), covering approximately 30 km in a north-northwest-south-southeast direction, and varying in width from three to seven km. TEAM - May 2024 – Strengthening of the technical team with the additions of David Hedderly-Smith and Lindsay Bottomer to the advisory board. Mr. Bottomer also serves as the Company's qualified person within the meaning of National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, Alaska Earth Sciences was also engaged as the in-State lead geological and logistic consultants, and Jack DiMarchi of Core Geoscience LLC, was retained to head up the Company's permitting activities. FIREWEED PROSPECT - June - July 2024 – Investigations into the property database highlighted the significance of the second uranium showing on the property, the Fireweed Prospect. Located approximately 28 km northwest of the Boulder Creek Uranium deposit, initial sampling in 2006 by Triex Mineral Inc. (sample #95812) returned up to 0.82% U3O8 (6,950 ppm U) from \"granitic, stained brick red by pervasive hematite, with specks of black mineral, likely pitchblende, forming about 2% of the sample\" (Triex Internal Company Report - 2006 Report on Boulder Creek Property). Further sampling in 2007 by Triex reported: \"\"Twenty-one (21) rock samples collected from three main areas along the conta...