Panther Metals (PALM ) has successfully completed its first drillhole at the Awkward Conduit target, and has now started drilling at the Wishbone volcanic massive sulphide prospect.
Both Awkward and Wishbone are part of the wider Obonga project, located in Ontario.
At Awkward, the first drill hole attained a vertical depth of 401 metres and intersected the targeted intrusive.
The drill core is currently being processed, and samples will be submitted for laboratory analysis shortly.
Wishbone will be the subject of a series of planned diamond drill holes. The current hole is slated to go to a depth of 300 metres and is designed to test the VMS mineralisation strike extension approximately 500 metres to the north of previous wide VMS intersections. The hole has already passed 68 metres.
The drilling at Wishbone follows the 2025 drone magnetic survey work and the results of the 2022 drill programme, and is targeting multiple high priority electromagnetic and magnetic geophysical anomalies prospective for volcanogenic massive sulphide-hosted copper or base metal mineralisation.
Panther's two hole 600 metre drilling programme conducted in the autumn of 2021 confirmed Wishbone as a VMS base metals target and the 2022 drilling sought to follow-up on the massive sulphide and zinc-copper intersections
Wishbone is situated in a similar geological environment to the nearby Sturgeon Lake VMS mining camp, on the Wabigoon greenstone belt, approximately 75 kilometres due west. The Sturgeon Lake VMS Camp is host to five historic zinc-copper-lead-silver producing mines.
View from Vox
Great to see the drill programme at Obonga powering ahead. Both Wishbone and Awkward are highly prospective exploration plays, and have the potential to be company-makers. Given the previous work done at Obonga, this is more than mere wildcatting, although success is by no means guaranteed. That’s in the nature of exploration, of course, and Panther is well supported in any case by its established resource and advancing development plans for the Winston project. In the medium-to-longer term production from Winston is likely to support work like this on Obonga, making Panther look like a well balanced company with a lot of speculative upside.