Panther Metals plc has received a three-year exploration permit for the Wishbone prospect at the Obonga project in northern Ontario.
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The company acquired the Obonga greenstone belt in July 2021 and has to date identified five prospective primary targets of Wishbone, Awkward, Survey, Ottertooth and Silver Rim.
The new permit allows up to 39 planned diamond core drill holes and associated down-hole geophysics surveys across the volcanogenic massive sulphide base metal discovery.
The programme follows Panther’s 2021 and 2022 drilling from which it confirmed and characterised the first VMS discovery on the Obonga greenstone belt.
“Wishbone stands alone as one of the most exciting, underexplored, VMS greenfield exploration targets in Canada,” said chief executive Darren Hazelwood.
“Our work has defined four new sulphide lenses, zinc at commercial grade, together with anomalous copper and silver within the correct geological setting.
“The 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.
“The issue of this permit will allow us to accelerate, and broaden, our ongoing discussions in Canada with potential finance partners allowing us to deliver a more detailed timeline on our plans at Wishbone.”
The permit, awarded in association with Broken Rock Resources Ltd, supplements an exploration permit valid until 14 July 2025 at the Survey VMS discovery and the Ottertooth and Silver Rim prospects.