HIGHLIGHTS
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Assay results received from rock chip samples targeting recently identified Channel Iron mineralisation at Weelarrana.
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Rock chip results confirm Channel Iron mineralisation at the Central CID potentially occurs over an area of 3500m x 500m.
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Rock chip results confirm Channel Iron mineralisation extends semi-continuously over 4500m x 450m at the Northern CID.
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Best rock chip results of:
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58.6% Fe (64.5% Calcined Fe) and 56.1% Fe (60.5% Calcined Fe) at Central CID.
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58.7% Fe (64.4% Calcined Fe) and 58.4% Fe (63.6% Calcined Fe) at Northern CID.
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Pantera CEO, Matt Hansen, commented: “We are pleased to announce that rock chip sampling at Weelarrana has extended with channel iron mineralisation identified at the Central and Northern CID. Our next program of works involves conducting heritage survey work and planning and permitting drill programs over both areas. We’ll now move to conduct heritage surveys before planning drill programs which are expected for the Q4 of 2023.”
Pantera Minerals Limited (ASX:PFE) (“Pantera” or the “Company”) is pleased to announce the receipt of iron assays from and 37 rock chip samples from the Central and Northern Channel Iron (CID) occurrences completed in late June 2023 at the Weelarrana Project (“Weelarrana” or “Project”), located 80km south of Newman in the Collier Basin of Western Australia.
NEXT STEPS
Heritage surveys will be conducted, and drill programs will be planned and permitted over the Central and Northern CID's as well as the Central DID occurrences. Drilling is anticipated to occur in the 4th quarter of 2023. Pantera will continue to assess all the Weelarrana tenements for further occurrences of channel iron mineralisation as well as manganese mineralisation.
Contact details:
Jane Morgan