Dotted Lake: Diamond Drilling Mobilisation
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Panther Metals PLC (LSE:PALM) the company focused on mineral exploration in Canada, is pleased to announce that Platinum Diamond Drilling Inc. ("Platinum") has been contracted to undertake a critical mineral focussed Phase 1 diamond drilling programme and associated access trail logistics at the Dotted Lake Project ("Dotted Lake" or the "Project"), on the north limb of the Schreiber-Hemlo Greenstone Belt in Ontario, Canada.
Platiunum personnel are currently mobilising to site as part of drill pad and access preparation work. The drilling programme is part of a fully funded series of works focussed on the discovery of nickel (Ni), cobalt (Co), copper (Cu), gold (Au) and platinum group element ("PGE") bearing sulphide mineralisation associated with the mafic-ultramafic intrusive complex in the north-east of the Dotted Lake Project area.
The Phase 1 drilling programme comprises six planned holes for approximately 1,200m diamond core drilling and will test an initial four target areas (Figure 1) as detailed in the Company announcement of 9 October 2024 1 and the comprehensive technical update dated 7 October 2024 2.
Darren Hazelwood, CEO commented:
"The north shore of Dotted Lake contains every piece of the geological puzzle required to support a significant discovery, and I'm delighted that the Platinum team are starting work on making that discovery.
In addition to Platinum, we'll have our own team on site and guests who have expressed interest in reviewing our work at Dotted Lake, something Panther are delighted to facilitate. I'll update the market as this programme develops."
Figure 1: Dotted Lake Phase 1 Drill Target Areas
References
1: Company announcement, 9 October 2024, Dotted Lake: Drill Targets,
( https://polaris.brighterir.com/public/panther_metals/news/rns/story/xzgo5ew )
2: Company announcement, 7 October 2024, Dotted Lake: Technical Update, Inversion & Drill Targets,
( https://polaris.brighterir.com/public/panther_metals/news/rns/story/w0o78nw )
Obonga Project
Dotted Lake Project
Fulcrum Metals Plc
Panther Metals Plc own 12.38% of the issued share capital of Fulcrum Metals Plc and a 2% NSR on the Big Bear project.
Conclusion
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