Panther Metals PLC - mineral exploration in Canada - Says its subsidiary Panther Australia completed the 38 hole to 2,500 meters at the Eight Foot Well gold prospect in Western Australia. Says the drill samples will be submitted for laboratory analysis and that the assay results will be reported when available. Notes that the drill rig has now relocated to the Burtville East gold prospect located within the Merolia gold project, where reverse circulation drilling is expected to start immediately.
"The rapid deployment of the drill rig to Burtville East, to start a third drilling programme, following the conclusion of the drilling at Eight Foot Well, reflects the intention of Panther Australia to rapidly advance the company following their Australian Stock Exchange listing in December," CEO Darren Hazelwood comments.
Current stock price: 9.83 pence
12-month change: down 15%
By Abby Amoakuh; abbyamoakuh@alliancenews.com
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Panther Metals (PALM)