Panther Metals (LON: PALM) has announced significant gold anomalism and continuity along the 6km Comet Well prospect area structure identified on the LGP trend, and recent nugget discoveries are distributed along same anomalous trend.
Daniel Tuffin, managing director and CEO, commented, “The Laverton Gold Project continues to demonstrate its potential as a significant, large, early-stage regional gold asset. Recent drilling at the advanced northern Burtville East target further confirmed this, delivering high-grade gold intercepts and exceptional bonanza-grade peaks.”
Significant 1m intercepts greater than 1g/t Au from the latest drilling include:
- 24CWRC02: 1m at 3.20g/t Au from 19m
- 24CWRC15: 1m at 1.76g/t Au from 60m and 1m at 1.00g/t Au from 63m
Further gold nuggets 2.5km southeast of Comet Well were also discovered during a day trip at Comet Well South on the same structure as prior nugget finds and soil anomalies.
Additionally, recent drilling at Burtville East, also part of the 2024 LGP drill programme, returned wide, high-grade gold intercepts, including multiple 1m bonanza grade peaks:
- 24BERC06: 6m at 28.66g/t Au from 44m, inc. 1m at 127.00g/t Au from 44m
- 24BERC08: 8m at 15.29g/t Au from 68m, inc. 1m at 52.30g/t Au from 68m and 1m at 56.00g/t Au from 69m
The 2024 drilling programme is now complete within the LGP which now totals 4,443m. Over 2,500m remain in budget as part of the planned 7,000m drill programme to complete in early 2025.
To find out more, please visit www.panthermetals.com.au
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