Announcement Date: 2022-03-23
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Panther Metals Ltd.
Project name: Coglia
Location: Australia
Commodities: Nickel
Highlight: Drilling results incl. 21m @ 1.34% Ni from 72m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Panther Metals Ltd (ASX: PNT), (‘Panther’ or ‘the Company’) is pleased to announce that our initial assay results have returned high nickel and cobalt grades resulting from drilling at the Coglia Project. This data represents the Company’s second batch of drilling results since listing on 10 December 2021. These latest results cover 26 holes (CGRC005-020 and CGRC 031-040). The Company is awaiting assay results for a further 33 holes. Once the Coglia drill program is complete, the Company will commence a Mineral Resource estimate to JORC guidelines and the drill rig at Coglia will move onto the Eight Foot Well gold prospect with the intention of identifying the potential for a shallow gold resource. The Coglia Project is located in the Laverton region of WA, 70km east of Glencore’s Murrin Murrin Ni-Co plant. The project area is highly prospective for nickel-cobalt laterite mineralisation and the potential to host nickel sulphide mineralisation. A JORC Exploration Target was estimated by Geomin Services June 17, 2021 based upon previous exploration by Heron Resources (2001-03) which drilled 20 RC holes for 1,562m and delineated a horizon of nickel laterite
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