LSE-listed explorer Panther Metals has acquired additional mining claims, enlarging its Big Bear project area, in the Schreiber-Hemlo greenstone belt of Canada.
The company bought an additional 19 mining claims, which include coverage for the southerly extension of the historical Schreiber Pyramid mine in the centre of the project area and the historical Jedder mine workings on the eastern side of the project area.
"This strategic acquisition allows us to consolidate our position around the high grade, past producing Schreiber Pyramid mine and extend our footprint to encompass the highly prospective Jedder mine area. As we continue to piece together this previously fragmented, high-grade property, I couldn't be more delighted with the technical team's progress as we advance the project rapidly towards a planned maiden drilling campaign,” said CEO Darren Hazelwood.
He added that field operations resumed on Monday, following a scheduled break.
“We look forward to ground truthing geophysical and soil geochemical anomalies and delineating ground geophysics targets ahead of subsequent drill testing."