Panther Metals (ASX:PNT) embarks on high-grade gold drilling campaign in Laverton

Panther Metals (ASX:PNT) is about to embark on an ambitious 7,000-metre drilling campaign at its Laverton Gold Project (LGP), with 10 high-priority gold targets lined up, including the highly anticipated Burtville East.

The company’s efforts to capitalise on Laverton’s under-explored, yet highly prospective, gold deposits have been years in the making, and this campaign could be the turning point for the project.

In a statement, Panther’s Managing Director, Daniel Tuffin, commented, “We are pleased to announce the commencement of our highly anticipated drilling program at the Laverton Gold Project. The rig has been mobilised, and we are set to embark on a comprehensive 7,000m drilling campaign targeting ten promising gold prospects”.

Prime Location and Exceptional Results

Strategically positioned near processing infrastructure, including Brightstar’s Beta Mill and several others, Laverton offers a logistical advantage that few projects can boast.

Tuffin is confident that this proximity will enable Panther Metals to expedite any resource development: “The Laverton Gold Project’s strategic location within close proximity to multiple processing plants… provides us with an advantageous logistical framework to expedite any potential resource development”.

The first phase of this program will focus on Burtville East, an advanced target where previous drilling yielded eye-catching results, including a staggering 1-metre intercept at 478g/t gold (BVE006).

Other highlights from the 2022 campaign include 10m at 7.15g/t gold from 84m, including 1m at 62.8g/t gold (BVE009), and 1m at 73.3g/t gold from 93m (BVE002).

The Road Ahead

Panther Metals is not starting from scratch; Burtville East has a proven track record of bonanza-grade intercepts.

The project area even contains historical underground workings and mineralised stockpiles ready for treatment.

The high-grade potential has been further confirmed by Panther’s grab samples, returning gold grades as high as 21.7g/t.

While Panther Metals has already de-risked much of its operation, one of the significant advantages in this drilling campaign is that all ten targets are situated on granted tenure, ensuring continuous operations.

Tuffin stresses the importance of this, saying, “Importantly, all our planned drilling activities are situated on granted tenures with approved programs of work. This ensures that our operations can proceed without delay and in a continuous fashion across all ten targets”.

With its proximity to established processing plants, proven high-grade deposits, and a well-funded exploration program, Panther Metals is positioned to accelerate its Laverton Gold Project to new heights.

The upcoming drilling campaign, particularly at Burtville East, could very well mark a turning point, potentially unlocking significant value for shareholders.

The market will no doubt be watching closely as the first assay results are expected to flow in the coming months.

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