Mining minerals

Soft rock: Pantera proves Hellcat is alive with more minerals than lead and silver

Pantera’s recently completed Phase 1 drilling program has confirmed that its Hellcat lead-silver project in the Gascoyne area of ​​WA is located within a mineralized system.

Hydrothermal alteration was observed in all four diamond holeswhich also intersected metalliferous veins containing pyrrhotite, pyrite, galena and chalcopyrite.

While testing is only around eight weeks away, the results so far are certainly encouraging, given Pantera Minerals’ (ASX:PFE) belief that Hellcat could be an entrepreneur.

This stems from the Teano perspective within the project featuring stronger geophysics and geochemistry Galena Mining’s Abra lead-silver project, which has a resource of 34.5 Mt grading 7.2% lead and 16 grams per tonne (g/t) silver and is approaching production.

“The recently completed drilling was a positive first step in underground exploration in the Hellcat project area, and we look forward to the assay results,” said Managing Director Matt Hansen.

“We look forward to advancing the project through further systematic exploration and construction of the geological model developed by our in-house geology team.”

He added that recent occupancy demands surrounding Hellcat have reinforced the company’s view that the project holds significant potential.

“With 442 km2 of tenure, Pantera Minerals has significant land ownership in what has become a tightly controlled corner of the Edmund Basin.”

Drill results and next steps

Several sulphides were observed in all four holes in steeply dipping veins and fracture packages.

Additionally, hydrothermal alteration, including silica, chlorite, and magnetite, has bolstered confidence in the intense fluid flow through the prospects.

Although no significant base metal mineralized zones were intersected, there is evidence to suggest that hydrothermal activity transporting metalliferous fluids has occurred in all target zones.

Downhole electromagnetic surveys are underway in all four holes to test the on-hole and off-hole conductors.

This information will be combined with analyses, geology and structural interpretations to help target drilling in progress.

A large-scale ground reconnaissance program of mapping and geochemical sampling is currently being planned over the entire project area using recently acquired magnetic and radiometric data.

This article was developed in conjunction with Pantera Minerals (ASX:PFE), a Stockhead advertiser at the time of publication.

This article does not constitute advice on financial products. You should consider obtaining independent advice before making any financial decisions.

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