Panther Metals (PALM) has reported a second batch of Vibracore assay results from its Winston Tailings Project in Ontario, continuing to demonstrate consistent grades and mineralisation across the deposit.
The latest results, covering eleven Vibracore holes across six profiles, show mineralised intervals throughout tailings thicknesses ranging from about 2.4 metres to 13.1 metres. The broader tailings storage facility shows a maximum vertical thickness of 16.8 metres and an average of 8.7 metres.
Importantly, assays confirm the presence of multiple metals including gold, silver, zinc, copper, cobalt, gallium and indium. Grades remain consistent both vertically and laterally, supporting earlier results released in July 2025 and March 2026.
In addition, several higher-grade zones were identified, including gold values exceeding 1 gram per tonne alongside strong silver and base metal grades. These results continue to underpin the company’s ongoing resource estimate programme.
Panther Metals’ Chief Executive Officer Darren Hazelwood said: “These latest results continue to highlight the strong production potential offered by the Winston Tailings Project. We are consistently confirming the continuity of mineralisation within the tailings, which closely aligns with our expectations based on our review of the historical production data from the Winston Lake Mine.”
The Vibracore programme forms part of a wider effort to quantify and potentially recover valuable metals from historic mine tailings at Winston Lake.
View from Vox
The second batch reinforces the core investment case - consistency. While headline grades are solid, the key takeaway is the uniformity across depth and location, which is critical for future resource definition and potential processing economics. If this trend continues through further batches, Winston could evolve from a legacy asset into a scalable reprocessing opportunity.