RNS - Dotted Lake Drill Mobilisation17 Oct 2024 13:38
Dotted Lake: Diamond Drilling Mobilisation
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."