Panther Metals (ASX:PNT) has obtained multiple bonanza grade hitsand visible gold the result of recent drilling at the company’s Burtville East Prospect, part of the Merolia Gold Project in Western Australia.
Highlights:
- Hole BVE006 uncovered a new shallow broad high grade gold zone with an intercept of 15m at 53.94g/t gold from 27m.
- This included bonanza assay results of 1m at 79.90g/t gold from 27m, 1m at 478.00g/t gold from 28m, 1m at 125.50g/t gold from 34m, and 1m at 43.80g/t gold from 35m.
- Visible gold was also panned in hole BVE006
“The first round of drilling at the Burtville East Project consisted of six reverse circulation (RC) holes for a total 675m drilled and was designed as an initial first pass programme to test accepted mineralisation trends and explore the potential for alternative trends,” Managing Director and CEO, Daniel Tuffin, said.
“The results from this short programme of drilling at Burtville East are simply stunning. Some of the holes drilled into the accepted trend model did not perform as expected, while others, particularly in the case of hole BVE006, intercepted a new shallow broad high-grade zone of 15m at 53.94g/t gold.
“BVE006 was planned to investigate a conceptual, and untested, alternative mineralisation trend theory. The interception of a new shallow broad high-grade gold zone in hole BVE006, in conjunction with confirmation that unprocessed local stockpiles contain gold in previously unprocessed ‘mineralised altered zones’ requires a rethink about the accepted mineralisation trends at Burtville East.
“The company will now progress with a full review of the results and follow up with a new drill plan to further test, and explore for new, mineralised trends in the area.”
Burtville East Gold Prospect
Burtville East is one of four gold prospects located in the Merolia Gold Project that contains a dominant land holding over some of the region’s most prospective and under-explored ground covering an area of 90 sq. km.
The prospect area contains historical underground workings, along with mineralised stockpiles of historically rejected material ready for treatment. Historical grab samples from this altered mineralised zone have returned grades of up to 38.45g/t Au at Burtville East.
For further information please visit: https://www.panthermetals.com.au/
