More bonanza grade, visible gold on the menu for Panther at Burtville East

It’s a veritable smorgasbord of goodies for Panther Metals in the Laverton region of WA, with yet another drilling program delivering bonanza grade and visible gold at the company’s Burtville East project.

Part of the Merolia project, the Burtville East prospect has delivered a top hit in the latest round of drilling of 1m at 62.8 grams per tonne (g/t) gold from 91m from within a broader 10m at 7.15g/t from 84m.

This is the same prospect that in mid-July threw up a bonanza hit of 1m at 478g/t from just 28m from within a broader intercept of 15m at 54g/t from 27m that defined a new shallow and broad high-grade gold zone.

Panther Metals (ASX:PNT) also reported that this fresh round of drilling showed evidence of visible gold in another diamond hole (BVEDD001) at less than 50m downhole.

The company continues to kick goals in the WA goldfields, having completed six separate drill programs across four projects in the Laverton region since listing less than a year ago in December 2021.

Phase two drilling at Burtville East involved 577m of reverse circulation drilling and two diamond holes over 147m.

Managing director Daniel Tuffin said this latest round of drilling had returned further “stunning” grades.

“Phase two has further built on the growing Burtville East story and added confidence to the company’s new mineralisation trend modelling,” he said.

“Panther will now continue to review the results of this drilling with a view to further test the extent of the gold mineralisation at Burtville East with the next campaign.”

Burtville East is one of four gold prospects within the Merolia project, which spans 90sq.km of some of the region’s most prospective and underexplored ground.

The centre of the prospect area contains small underground workings along with mineralised stockpiles of historically rejected material ready for treatment.

Historical grab samples from this altered mineralised zone have returned grades of up to 38.45g/t gold.

It is the right neighbourhood to be in, with Panther’s portfolio of projects located within a short distance of several major producers including Gold Fields, AngloGold Ashanti, Regis Resources (ASX:RRL), Glencore’s Murrin Murrin nickel project, and Dacian Gold (ASX:DCN).

Meanwhile, diamond drilling at the Ironstone prospect has shown the presence of disseminated sulphides in the core.

Panther has now completed drilling which was aiming to verify the historic mineralisation, soil sampling and modelling for the Main Lode at Ironstone – which has a peak historic gold intercept of 9m at 22.27g/t, including 4m at 46.2g/t gold from 112m.

The company is awaiting assays.

This story was developed in collaboration with Panther Metals, a Stockhead advertiser at the time of publishing.

This story does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.