Pantera is just one step away from Hellcat drilling
Pantera is another step closer to diamond drilling at the Hellcat project after the WA Department of Mines, Industry Regulation and Safety approved the Programme of Works
The approved PoW provides for the drilling of up to 18 diamond holes if required at the project, which could host lead-silver mineralisation similar to that found at the third-party Abra deposit just 70km to the east.
Pantera Minerals (ASX:PFE) is now only awaiting the Heritage and Clearance Survey in late May before it starts drilling an initial four holes in early July.
The company has also completed a high resolution airborne magnetic and radiometric survey over three tenements with results expected in about four weeks.
Recent VTEM surveying detected multiple EM conductor responses that may be associated with semi-massive to massive sulphide mineralisation or other conductive geological source.
“The scheduling of the Heritage & Cultural clearance survey and the receipt of Programme of Works approval, is another step closer to the commencement of drilling at Hellcat,” chief executive officer Matt Hansen said.
“Subject to the successful conclusion of the Heritage and Cultural survey, drilling at Hellcat is expected to commence in the next 8-10 weeks.”
Hellcat consists of three exploration licences covering 442sqkm of ground in the Edmund Basin.
It is located within the same stratigraphic sequence and structural setting as Abra with historical rock chip sampling returning peak assays of 10.9% lead and 66 grams per tonne silver, 1% zinc and 0.3% copper.
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.