Pantera Minerals (ASX:PFE) has completed its first modern rock and soil sampling program at the Gilham Silver-Antimony Project in southwest Arkansas, US.
The company collected 1,408 soil samples and 47 rock samples across the East and West Gilham Project areas, with assay results expected in about six weeks.
CEO Barnaby Egerton-Warburton says the program marks a significant milestone for the project.
“This initial program marks a significant milestone for the Gilham Silver-Antimony Project, representing the first modern, systematic exploration campaign conducted across historic district,” Egerton-Warburton says.
“Geological observations across multiple historic workings are encouraging as we move into the assay phase. Results from this program will be central to refining priority targets and advancing Gilham as a strategically important US-based critical minerals project.”
The program covered 5,000 acres and included systematic sampling and mapping of priority target corridors, including a 5km-long structural zone hosting the historic Davis silver-base metal mine.
Several previously undocumented mines and historical workings were identified during the campaign, which the company says has enhanced its geological understanding and exploration upside.
The Gilham district was a notable US source of antimony and silver during the late 1800s and early 1900s, with more than 18 recorded mine sites operating intermittently.
Silver is currently trading at approximately US$81/oz, up more than 140% since Pantera secured the project.
The company plans to use the assay results to define and target optimal drilling locations while maintaining capital discipline through existing cash and scheduled EnergyX payments.
This content was created with AI assistance and human editing.
Images: Pantera
