(Alliance News) - Panther Metals PLC said Tuesday it has filed applications for four exploration permits covering the Big Bear gold project in Canada.
The applications cover the north, south, east and west of the project, the company said, and "supplement and append the existing exploration permit which is in place for the central part of the project over the Schreiber Pyramid gold occurrence and gold occurrences in the vicinity of Bear Lake".
The company said exploration permit applications will now go through a process of governmental, First Nation community, local landowner, snd stakeholder review with a decision due on or before the week commencing April 5.Â
Darren Hazelwood, chief executive, said: "The exploration permitting applications for the Big Bear gold project in Ontario, Canada, have been lodged to allow Panther to refine and test prospective gold and base metal targets outlined by both Panther and in historical exploration work."
"Successful permitting will allow Panther to undertake an inaugural core drilling programme of up to 20 diamond drill holes as well as associated bedrock trenching," Hazelwood said. Â
The planned ground work programmes will coincide with the snow melt and will follow on from a planned drone airborne magnetics survey which is being scheduled for late March, the company said.
A geophysical contractor has already visited the project in order to plan the logistics for an airborne magnetic geophysics survey.Â
Panther shares were trading 7.8% higher in London at 3.88 pence each on Tuesday.
By Loreta Juodagalvyte; loretajuodagalvyte@alliancenews.com
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Panther Metals (PALM)