Mining

Panther Metals PLC (LSE:PALM) Announces Third Batch of Drill Core Assay Results from Dotted Lake Project

Fri 21 Mar 25, 08:01 AM |

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Highlights

Panther Metals PLC (LSE:PALM), a company focused on mineral exploration in Canada, has released the third batch of drill core assay results from its Phase 1 Diamond Drilling Programme at the Dotted Lake Project. The Dotted Lake Project is situated on the north limb of the Schreiber-Hemlo Greenstone Belt in Ontario, Canada. The latest data highlights two important drill holes, DL24-003 and DL24-004, which offer key insights into the mineral content of the region.

The geochemical assay results from these drill holes indicate wide intercepts of ultramafic intrusive rock, measuring 94 meters and 129 meters, respectively. This rock formation is characterized by a magnesium (Mg)-rich serpentinite, with assays showing concentrations of up to 20.6% Mg. This alteration of ultrabasic rock into serpentinite provides the project with a potential resource of valuable metals, including platinum (Pt), palladium (Pd), nickel (Ni), chromium (Cr), and silver (Ag).

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