Ongoing drilling by Panther Metals (PALM ) has intersected broad intervals of disseminated and veined sulphides hosted within a varitextured gabbroic mafic-ultramafic intrusive system on the Awkward Conduit target in Ontario.
Awkward is part of Panther’s wider Obonga project, located upon the Obonga greenstone belt.
The sulphides encountered are reckoned to be within a potential magma conduit environment. Portable XRF readings from sulphide-rich intervals returned elevated anomalous nickel and cobalt values, with sulphides visually dominated by pyrrhotite.
This drilling programme has been specifically designed to test Panther’s geological model by targeting the interpreted base of a potentially tube-like magma conduit system, or chonolith, modelled as the magmatic feeder to the Awkward intrusion, which hosts anomalous levels of nickel, copper, and platinum group metals.
Panther will attend the Quebec City Mining Investment conference from 2nd to 4th June and will discuss these initial findings with attendees.
View from Vox
It’s somewhat unusual to release an update on drilling at this stage of a programme, but Panther will be meeting some very useful people in Quebec over the coming days, and having all the latest news out in the public domain frees the company up to discuss the full potential at Awkward as it sees it. XRF readings can’t be relied on in the same way as assays can, but they do give a reasonable indication of what can be expected. Elevated anomalous nickel and cobalt in XRF readings is thus a welcome sign, and indicates that Panther is on the right track.