Pic: Bloomberg Creative / Bloomberg Creative Photos via Getty Images
Pantera is hitting the right notes as rock solid targets ID’d at Gascoyne-hosted Frederick prospect
Mining
share
Exploration is underway at Pantera’s Frederick project in Western Australia’s Gascoyne region which bears wonderfully similar geology to the riches of Abra’s nearby globally significant lead-silver deposit.
The company has just completed a ground gravity survey over the eastern half of the project providing detailed data over prospective lithologies complementing previous western surveys for tighter drill targeting.
An in-depth review of historical data has also identified high-priority geochemical anomalies, which will require field validation prior to drill targeting.
The gravity work marks the first time that Pantera Minerals (ASX:PFE) has carried out exploration at Frederick, which has only seen light exploration such as surface geochemistry and limited geophysical surveys in the past.
It sets the stage for a dramatic nine months of upcoming exploration.
“The commencement of field exploration at Frederick is an important step in the growth of Pantera” chief executive officer Matt Hansen said.
“The gravity survey will be instrumental in refining geological interpretation and planning upcoming drilling, and importantly, the Project has a similar geology to that of the nearby Abra deposit, providing shareholders with an exciting exploration opportunity over the coming period.”
Galena Mining’s (ASX:G1A) Abra project is located just 170kms south east of Frederick and hosts a world class resource of 34.5Mt at 7.2% lead and 17 grams per tonne silver with construction currently underway.
Gravity survey and review
The detailed ground gravity survey consisted of 877 stations on a 400m by 400m grid in a sparsely explored area of the project over the Irregully Formation and Kiangi Creek Formation sediments.
The Irregully Formation within the tenement area has been complexly folded and faulted with an interpreted, doubly plunging anticline underlying a surface geochemical anomaly of elevated lead, zinc and copper.
This is associated with a coincident gravity geophysical anomaly within a similar geological setting to the Abra deposit.
Finalised data from the survey is expected in four weeks, which will be followed by review and interpretation from consultant geophysicists.
Meanwhile, the review examined over 3,000 soil and lag samples, predominantly from the western half of the project.
This has outlined multiple geochemical anomalies, with four of these being high priority.
It also indicates that surface geochemical sampling has been effective at outlining anomalous base metal geochemistry lead-zinc-copper in the region and that further surface sampling of prospective lithologies is warranted over the eastern half of the tenement, particularly over any gravity-high anomalies.
This work will be planned once the results of the gravity survey are received and is anticipated for in the second quarter of 2022.Exploration at Frederick complements the work undertaken on Pantera’s other projects and aligns with the Company’s strategy of year round exploration.
This article was developed in collaboration with Pantera Minerals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
