- Pantera Minerals (PFE) is preparing to undertake a diamond drilling program at the Hellcat project in WA
- The company has completed a heritage survey and was granted cultural clearance by Native Title Holders to clear drilling locations and undertake earthworks
- Now the earthworks have been completed, Pantera will kick off its 1800-metre program in the next few weeks to test high priority targets and electromagnetic conductors
- Company shares are down 4.55 per cent to trade at 10.5 cents at 1:11 pm AEST
Pantera Minerals (PFE) has announced some new drilling plans to commence at the Hellcat project in Western Australia.
Next month, the company will begin a 1800-metre diamond drilling program to test high priority gravity targets and modelled electromagnetic (EM) conductors.
In the lead up to this four-hole drilling effort, Pantera completed a heritage survey which gave it cultural clearance to drill and undertake the required earthworks.
The company was assisted by the Njarmuwangga Wajarri and Ngaelawangga Native Title Holders, to culturally clear four drilling locations and access corridors.
CEO Matt Hansen said he was thankful to the Native Title Holders for their assistance with getting prepared for drilling.
“The cultural clearance of the Hellcat drilling program allowing for the commencement of earthworks, and with those earthworks now completed is an important step,” Mr Hansen said.
The Hellcat Project covers a 442-square kilometre area which is considered prospective for base and precious metal mineralisation.
The project represents a greenfields project with drill-ready geophysical targets that reportedly show gravity and EM signatures similar to the “globally significant” Abra lead-silver deposit.
Drilling is expected to begin in early July.
Company shares were down 4.55 per cent to trade at 10.5 cents at 1:11 pm AEST.