Panther Metals (PALM ) has initiated sampling at the Winston tailings project in Canada.
This work is being undertaken under the geological supervision of independent geological contractors Bayside Geoscience using a Platinum vibracore sampler mounted on a purpose-built ice barge, situated upon the frozen tailings pond.
The vibracore sampler retrieves a representative cylinder of tailings material through the vertical profile of the tailings, from points at regular grid spacings across the tailings storage facility.
The first batch of tailings samples are now undergoing logging and sampling by Bayside in the city of Thunder Bay. Once prepared the tailings will be sent for geochemical analysis in support of a resource estimate.
The resource estimate is being undertaken by independent consultants SRK Exploration. The resource estimate will also provide inputs into the Application for Recovery of Minerals Permit process, which is already underway.
Upon receipt of the geochemical assay results a bulk composite sample of the Winston tailings will be sent to Extrakt Process Solutions, which will conduct phased metallurgical testwork for the recovery of metals.
The testwork will be conducted in association with TDI Solutions, an independent laboratory authorised and equipped to implement the Extrakt innovative hydrometallurgical extraction technology.
Extrakt has developed a proprietary environmentally friendly cyanide-free technology for enhanced leaching and recovery of gold and other metals from all types of ores and solid-liquid separation that significantly improves dewatering and consolidation of mine tailings.
"Market conditions could not be more compelling,” said Darren Hazelwood, Panther’s chief executive.
“Commodity prices are strong, capital markets are supportive, and we believe this is exactly the right moment in time to execute our strategy. The company is in its strongest position ever-financially, operationally, and strategically. By fast-tracking key initiatives with the Winston tailings project, and working alongside the right partners, we are sharply focused on accelerating growth and delivering meaningful shareholder value."
View from Vox
Winston looks likely to yield gold, gallium, silver, zinc, copper and cobalt, amongst other metals, at a time when commodities prices in general are on the rise. There’s a lot going on at Panther at the moment, but Winston remains a compelling centrepiece in the company’s attractive portfolio of assets.