Panther Metals PLC - mineral exploration in Canada - Says a gold focussed soil geochemical sampling programme at its Manitou Lakes project in Ontario, Canada identified anomalous areas of gold in the soil. Says a "significant" portion of the results returned "highly significant" gold.
"Finding single anomalous gold results in a soil programme is not that unusual, however finding a series of elevated results which correlate with one another, and which outline distinct anomalous areas for gold is far more exciting," Chief Executive Darren Hazelwood says.
"These results demand follow-up work and our team will be back on site before the end of September, I look forward to providing further updates to the market in the near future."
Current stock price: 5.00 pence
12-month change: down 62%
By Abby Amoakuh; abbyamoakuh@alliancenews.com
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Panther Metals (PALM)