Pantera: we’re ready to wake up the Hellcat
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Pantera has completed an airborne electromagnetic survey to help identify potential drill targets at the Teano and Navi prospect areas within its Hellcat project.
The company had acquired an 80% interest in the project, which could host lead-silver mineralisation similar to that found at the Abra deposit just 70km to the east, in December last year.
Pantera Minerals (ASX:PFE) believes the geological source of EM conductors could be due to semi-massive to massive sulphide mineralisation and/or carbonaceous shale stratigraphy similar to Abra, which is associated with a discrete EM conductor response detected by VTEM surveying.
Interpretation of preliminary Versatile Time Domain Electromagnetic (VTEM) data is currently underway with initial results expected to be released over the coming weeks.
This data is expected to assist with drill hole design to test geophysical anomalies and geological targets at the two prospects with drilling expected to start in the second quarter.
Chief executive officer Matt Hansen said the recently completed VTEM survey is a rapid and exciting start to exploration at the new Hellcat project.
“VTEM surveys in the region have been instrumental in identifying shallow to deep sulphide mineral targets and we look forward to the final survey results in the coming weeks,” he added.
The 442sqkm Hellcat project consists of three exploration licences with drill-ready targets within the Edmund Basin.
It sits 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.
Pantera has also verified anomalous geochemical samples during a recent field assessment with visual observations of galena and malachite.
Besides interpreting the VTEM data, the company will also carry out heritage consulting and surveying to access targets for drill testing.
This will be followed by the drilling of three diamond drill holes with WA Exploration Incentive Scheme funding.
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.