Pantera Minerals (ASX: PFE) reports that a recent VTEM helicopter survey at its 80%-owned Hellcat Lead-Silver Project has outlined several electromagnetic conductors.
The company believes that these conductors carry the potential to host semi-massive to massive sulphide mineralisation with the most significant identified targets coinciding with the Teano gravity anomaly.
Speaking on the survey results, Pantera Minerals CEO Matt Hansen said: “The results of the recent VTEM surveys over the Teano and Yarvi gravity targets are encouraging for base and precious metal mineralisation.
“Having multiple geophysical and geochemical anomalies … continues to build our excitement for the Hellcat Project”
Having multiple geophysical and geochemical anomalies, with a prospective structural and stratigraphic setting, continues to build our excitement for the Hellcat Project and the significant potential for a successful discovery. The identification of new quartz-galena veins is further evidence of the potential for significant mineralisation within the project area.
With a proposed drill program anticipated for June 2022, we look forward to an exciting year ahead for the project.”
Pantera believes that the results presented by the survey offer further ‘significant’ potential for the Hellcat Deposit to be host to base and precious metal mineralisation.
The company also notes that follow up field reconnaissance work on preliminary EM conductor targets at Teano has returned further galena mineralisation in outcrop, proximal to geophysical targets.
In addition, the main Teano Vein has been extended by a further 850m, increasing the total mineralised strike length to 3,500m, and a new anomalous zone has been identified at the Yarvi target, increasing the prospectivity of the area.
Hellcat is located within the Gascoyne Region of Western Australia and covers a total footprint of 442km², with Pantera owning 80% of tenure.
The project sits within the same stratigraphic sequence as the neighbouring Abra Deposit, and hosts regional structures, geochemical anomalism and geophysical anomalies.
With the VTEM survey complete and all results received, Pantera reports that it will move forward with proposed diamond drilling to test high priority gravity targets and EM conductors.
Additional work includes a heritage survey and high resolution airborne magnetic and radiometric surveying is also indicated to take place within Q2 of 2022.
Images: Pantera Minerals Limited