Pantera Minerals (ASX:PFE) reports that a diamond drilling operation has commenced at its Hellcat Lead-Silver Project located within the Edmund Basin of Western Australia.
The 1,700m diamond drilling program, consisting of four drillholes, is testing ‘high-priority’ gravity targets and modelled conductors.
Pantera Minerals reports the diamond drill program is scheduled to be completed by mid-September 2022.
Addressing the drilling works, Pantera Minerals Chief Executive Officer Matt Hansen stated: “We are excited to have commenced drilling at Hellcat, which is the culmination of a substantial effort from our team, with support from the traditional owners, local pastoralists and Galena Mining.
This diamond drilling program will test the project’s high-priority gravity targets and modelled electromagnetic conductors
This diamond drilling program will test the project’s high-priority gravity targets and modelled electromagnetic conductors, where previous field work nearby has confirmed lead-silver mineralisation within the Teano Vein.”
The company also notes that it has received cultural clearance and ground disturbing approval for four 300m x 300m drilling areas, which has allowed for additional drilling to be conducted with assays pending.
The Hellcat Project is located about 220km southwest of the township of Newman within the Gascoyne Region of Western Australia, and covers a land tenure of 422km-square across four exploration licences that are 80% owned by Pantera.
The project boasts a similar geological setting to Galena Mining’s (ASX: G1A) Abra lead-silver deposit, located about 100km east of Teano.
Images: Pantera Minerals Limited
