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- Drilling to test high-grade antimony and silver beneath historic Arkansas mines
- Contract assigned with Dycus 3D for first known drilling program
- Drilling scheduled to commence during the third week of August
- Completion expected within approximately six weeks
Pantera Minerals (ASX:PFE) is set to begin spinning the bit for the first time when its chases silver and antimony at the historic Gillham project in southwest Arkansas, USA.
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The company is aiming for drilling to commence next month after it executed a services contract with Dycus 3D drilling company.
EC and CEO Barnaby Egerton-Warburton said confirming the drilling contract marks the beginning of one of the most important milestones in Pantera’s history.
“Within weeks we will commence the first known drilling ever undertaken at the Gillham project. Our 2026 sampling programs delivered exceptional grades – rock chips up to 19.2% antimony and 63.8g/t silver, and soils peaking at 2,660 parts per million (ppm) antimony – and every one of these 10 holes is designed to test mineralisation at depth beneath the historic Davis, Stewart and May mines.
“Antimony is a designated critical mineral in the United States and with the rig turning in the third week of August, shareholders can look forward to a steady flow of news through the remainder of the year.”
The maiden program of 10 diamond core holes for approximately 1,500 metres will test mineralisation at depth, below the historic workings of the Davis, Stewart and May mines.
The Stewart and May mines historically produced stibnite (antimony). 2026 rock chip sampling confirmed and upgraded the prospects with high-grade results.
Soil sampling along the Stewart/May trend defined two coherent antimony anomalies (~400m and ~500m strike), linked by a broader plus one ppm Sb trend over 2,000m of strike. Drilling will test potential east-west mineralised structures beneath the historic workings.
The Davis mine is the largest historical operation in the project area, with extensive underground development.
PFE is steady at 1.7¢ with a Mkt cap of $8.377M.
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