Pantera Minerals (ASX:PFE) has found ‘high-grade’ antimony and base metals at its Gillham Project in southwest Arkansas, US.
First modern exploration assays as well as 46 first pass rock chip samples confirm ‘high-grade’ antimony and base metal mineralisation exists at the site.
Soil sampling shows “strong antimony anomalism”, with peak values of 2,660 parts per million (ppm) and 1,205ppm. Pantera says that these discoveries could accelerate the maiden drill program’s timeframe.
Coincident soil and rock sampling anomalies also support the existence of multiple vein systems within the project area. No drilling has been conducted across the Gillham project.
“These results define coherent and compelling drill targets with the scale and continuity of the geochemical footprints supporting the presence of a potentially significant underlying mineralised system,” Executive Chairman and CEO Barnaby Egerton-Warburton says.
“With multiple high-confidence targets now defined across a meaningful strike extent we are advancing rapidly toward a maiden drilling program, which we expect will be a key value inflection point for the company.”
Pantera next plans to infill soil sampling and targeted rock sampling to refine anomalies. The company also intends to perform detailed mapping and advance drill planning.
Pantera Minerals is a mineral exploration and development company with assets mostly across the US.
Write to Richard Szabo at Mining.com.au
Images: Pantera Minerals
