Pantera Minerals Limited (ASX:PFE) has completed a Versatile Time Domain Electromagnetic (VTEM) helicopter EM survey over high priority geological and geophysical targets, at its 80% owned Hellcat Project, located in the Edmund Basin of Western Australia.
The high powered VTEM system developed by Geotech, was completed by UTS Geophysics, using an EM transmitter (Tx) loop slung below the helicopter with a clearance of ~40m above ground. Data was collected along flight lines that were spaced 100m or 200m apart.
A combined total of 123 survey line kilometres were acquired over the Teano and Navi prospects .
The aim of the VTEM survey was to detect EM conductor responses that could be associated with semi-massive to massive base metal sulphide mineralisation for drill targeting. Preliminary VTEM survey data has been delivered to the company, with data processing and interpretation underway.
The Galena Mining Abra Pb-Ag Deposit (100km east of Teano) is associated with a broad, asymmetric single peak EM anomaly that was resolved by the VTEM system. The source of the EM conductor response at Abra are caused by zones of weakly conductive massive galena (±pyrite and chalcopyrite) mineralisation within parts of the ore body.
The Abra Deposit is also associated with a discrete gravity and magnetic anomaly. The Teano gravity anomaly identified in the Hellcat Project is analogous to the anomalous gravity response observed at the Abra Deposit, indicating the presence of dense minerals at depth.
“This recently completed VTEM survey at our Hellcat Project is a rapid and exciting start to exploration on our new Hellcat Project,” CEO, Matt Hansen, said.
“VTEM surveys in the region have been instrumental in identifying shallow to deep sulphide mineral targets and we look forward to the final survey results in the coming weeks.”
Granting Of Licence E52/4026
The company also revealed it has been granted Exploration Licence E52/4026.
The grant of this tenement increases the total landholding for the Hellcat Project to 442 sq. km.
Next Steps
The following detailed exploration activities are to be undertaken over the coming six months:
• Process, model, interpret and target using the new VTEM survey data;
• Heritage consultation and surveying to access targets for drill testing;
• Drilling of three diamond drillholes under EIS funding approved for Hellcat (Q2 2022); and
• High resolution airborne magnetic and radiometric surveying in E52/3896, E52/3944 and E52/4026.
For further information please visit: https://panteraminerals.com/