Panther Metals plc has started additional soil geochemistry sampling potentially to accelerate exploration at Dotted Lake on the Schreiber-Hemlo greenstone belt in Ontario, Canada.
SNOWFALL
Bayside Geoscience Inc’s 1,000 metre survey comprises an extension and infill sampling to the 2021 soil survey grid which yielded “significant nickel, cobalt, copper, gold and platinum group element anomalies”.
The new work will extend over the northwestern and northeastern shores of Dotted Lake to provide additional targets to follow on from the 1,220m drilling programme started last week
Chief executive Darren Hazelwood said Panther’s programmes could accelerate with understanding of the wider systems surrounding Dotted Lake, combined with refined geophysical data.
“A systematic extension of the soil survey over detailed structures before snowfall potentially offers the opportunity for further drilling over the coming months should the soil survey results supplement our targets.
“Now active on the ground and with the potential for wider support, our aim is to alleviate the stop/start nature of our exploration on the project by bringing forward this programme.
“With external support providing around 50% of the capital costs of this soil programme at zero dilution to the project, company or shareholders it makes economic sense to strike now and build out our model in more detail.”