Pantera Minerals gets green light to begin drilling at its Yampi Iron Project
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A bespoke drill heli-portable diamond drill rig has been commissioned and contractors Harmec Drilling have mobilised to the staging area ahead of drilling to start next week.
Pantera Minerals Ltd has received the green light that the WA Department of Mines, Industry, Regulation and Safety have approved the program of works at the Yampi Iron Project in the Buccaneer Archipelago.
A maiden drilling program is now set to begin in the week of October 18.
Pantera (ASX:PFE) has contracted experienced and reputable drill contractor Harmec Drilling who spec built a diamond drill rig for the program.
Drilling will target an outcropping hematite mineralisation that is interpreted to sit at the contact of the Yampi Formation and the Elgee Siltstone within an upright fold hinge.
This stratigraphic contact and structural setting are analogous to the setting of the hematite deposits at Koolan and Cockatoo Island.
Pantera chief executive officer Matthew Hansen said: “The approval of the program of works, allowing for the commencement of the maiden Yampi Iron Project drill program is a significant milestone for Pantera.
“It is the culmination of a huge effort from our team in a very short period.
“Pantera is now able to execute our Yampi Iron Project drill program only two months post-IPO.”
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.