Panther Metals Ltd (ASX: PNT) has completed new geological modelling at the Burtville East Gold Project in Western Australia, where recent drilling confirmed the existence of multiple gold-rich quartz lodes.
A combined review of historic surface soil anomalies has also revealed an expanded zone which will be the target of further exploration at the project.
“Detailed geological modelling has confirmed the existence of multiple new gold-rich quartz lodes within the project in addition to the existing BVE Main Lode,” Managing Director and CEO, Daniel Tuffin, said.
“To date, Panther is the first company to combine and evaluate our recent, and historic, drilling data utilising modern three-dimensional software, allowing the team to assess multiple geological interpretations resulting in these new gold lodes.
“The new lodes identified have been confirmed at greater depths than previously seen, which also suggests the potential for mineralisation to broaden at depth. This is a significant observation that will influence future exploration efforts.
“Additionally, integration of detailed historic surface geochemistry during the geological interpretation process has highlighted an expanded anomalous NW-SE zone extending beyond the current main lode area, spanning approximately 800m.
“With this latest information now at hand, Panther plans to test the extent of the gold mineralisation along strike and at depth to identify potential new gold lodes at Burtville East with its next drilling campaign.”
Geological Modelling
New geological modelling primarily influenced by Panther’s drilling completed through 2022 at Burtville East has confirmed the existence of multiple gold-rich quartz lodes within the prospect and near peripheral zones. This has been proven by multiple very high and bonanza grade intercepts in both historic holes and Panther’s 2022 drilling.
Key intercepts residing outside of the main mineralisation zone and supporting the new multi-lode model includes:
• BVE009: 10m @ 7.15g/t Au from 84m, including, 1m @ 62.80g/t Au from 91m
• BVE002: 1m @ 73.3g/t Au from 93m
• BVE004: 1m @ 3.41g/t Au from 119m
The new gold lodes identified have been confirmed at greater depths within the deposit (i.e., >80m), from which it is inferred that mineralisation broadens at depth. This a significant observation for future exploration planning; further exploration of these broader zones has accordingly been included in future drill planning.
Gold bearing quartz lodes at Burtville East are now interpreted to have formed as a series of sigmoidal tension gashes associated with a regional NW-NNW trending shear zone. The full extent of these gold-bearing structural zones is currently unknown; they remain open both at depth and along strike.
To date, Panther Metals is the first company to evaluate the historic Burtville East drilling data utilising modern three-dimensional software (Leapfrog GEO and EDGE). Conceptual models designed from this data have been at the forefront of the 2022 drilling programme, which has allowed the Panther team to assess multiple geological interpretations. These interpretations have now largely been tested and are undergoing further evaluations with the integration of detailed historic surface geochemistry (approximately 300 assayed soil samples), highlighting an anomalous 10–600ppb NW-SE zone spanning approximately 800m over the Burtville East prospect area
For further information please visit: https://panthermetals.com.au/
