Panther Metals Plc (LON:PALM) have told the market that they have filed applications to operate in Canada.
The mining firm expressed their intentions to file applications for four exploration permits covering the Big Bear gold project in Canada.
The applications will cover the north, south, east and west of the project, the company said, and “supplement and append the existing exploration permit which is in place for the central part of the project over the Schreiber Pyramid gold occurrence and gold occurrences in the vicinity of Bear Lake”.
Darren Hazelwood, CEO, commented:
“The exploration permitting applications for the Big Bear Gold Project in Ontario, Canada, have been lodged to allow Panther to refine and test prospective gold and base metal targets outlined by both Panther and in historical exploration work. Successful permitting will allow Panther to undertake an inaugural core drilling programme of up to 20 diamond drill holes as well as associated bedrock trenching.
We are also pleased to announce that a geophysical contractor visited site last week in order to plan the logistics for the drone-borne aerial magnetics survey we are scheduling to be flown in early Spring. We look forward to providing further details on this in due course.”
Notably, the permit applications also make provision for tented camp sites associated with the drilling and trenching programmes and the storage of fuel.
Panther noted that the central part of the project already has an exploration permit in place for the drilling and trenching of seven target areas coinciding with historical gold occurrences and more recent soil and rock chip sampling work, which means that the potential could be there for the firm.
The applications will now go through a process of ‘governmental, First Nation community and local landowner, stakeholder review’ and Panther have said that they expect a decision to be made around April 5.
#PALM #Gold #Exploration #Canada
Bɪɢ Bᴇᴀʀ Gᴏʟᴅ Pʀᴏᴊᴇᴄᴛ Uᴘᴅᴀᴛᴇ – Pᴇʀᴍɪᴛꜱ
★ @PantherMetals is pleased to announce that applications for 4 exploration permits covering the Big Bear Gold Project in Canada, have been lodgedhttps://t.co/iOVCdDEk6Z pic.twitter.com/rvZ9Hp5uyw— Panther Metals Plc (@PantherMetals) February 18, 2020
Panther Metals get green light on Annaburroo
A few days back, Panther Metals saw their shares surge over 50% as they received the go ahead on n exploration permit for its operations in Australia.
The firm said that the exploration permit at the Annaburroo gold project in Australia had been granted, and it seems that this has caught shareholder optimism.
The Annaburroo Gold Project comprises a single licence (EL32140) covering an area of 149.8km2, located 105km to the southeast of Darwin, Northern Territory.
Grab samples at the asset have found gold grades of 61.2 grammes pet tonne and 50.8 grammes per tonne.
Shares in Panther Metals trade at 4p (+11.94%). 18/2/20 14:09BST.
