Panther chases WA gold with diamond probe

Panther Metals is doing work the drill bit at its Ironstone prospect, element of the company’s more substantial Merolia task near Laverton in Western Australia. The explorer suggests its 1200m diamond software is aimed at tests historic mineralisation and modelling the target’s key lode.

Earlier perform in the location sent a peak intercept of 9m at 22.27 grams for every tonne gold from 112m with a greater-grade 4m parcel managing 46.20 g/t or over 1.6 ounces gold to the tonne.

In spite of the exploration marking Panther’s first foray at the prospect, Ironstone has observed its good share of do the job more than the years.

In 2002 mega miner AngloGold Australia plunged 19 RC and two diamond holes at the prospect. The physical exercise proved prosperous in delineating a couple of higher-quality strikes, including the 22.27 and 46.20 g/t intercepts.

Subsequent get the job done by yet another ASX-mentioned explorer, White Cliff Minerals, unlocked a lot more of the ground’s riches with early section drilling laying bare some of the zone’s intriguing geology, quartz veining and crucially, extra important gold hits.

In 2016, White Cliff done a 5-gap RC system that confirmed the benefits of AngloGold’s campaign and was followed by a soil sampling work out that led to the detection of a 240m x 180m anomaly.

The discovery led to 20 air-main holes getting bored at the prospect. The plan turned up a suite of huge-scale precious metal patches from shallow depths that curiously stay each open up at depth and alongside strike.

Final results from the air-core system delivered grades as large as 1.8 g/t gold.

Panther comes at the new campaign in beautiful type as it appears to be like to drill test and validate the mineralisation struck by the ground’s previous explorers.

The company will come with the sizzling hand at Ironstone following a section 1 diamond campaign at the nearby Burtville East prospect, also part of the Merolia job. The marketing campaign delivered a raft of stunning results which includes 15m at 53.9 g/t gold and a range of 1m intervals going 478, 125.5, 79.9 and 73.3 g/t gold respectively.

The company is now on the lookout to build on these figures with a period 2, RC plan at Burtville East by month’s end.

Panther says its work at Burtville East has so far unveiled a shallow, large-grade zone that could potentially feed a selection of under-potential mills all-around the area.

Burtville East is inside the Laverton greenstone belt and East Yilgarn craton. Management considers the floor remarkably possible and mostly unexplored.

The East Yilgarn Craton boasts a complete gold endowment of extra than 27 million ounces and also usually takes in the 2.7-million-ounce Granny Smith deposit about 30km from Burtville East.

Is your ASX-shown enterprise accomplishing a thing exciting? Speak to: matt.birney@wanews.com.au

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