- Future Metals (FME) gears up for a diamond drilling program at its Panton project in Western Australia
- This round of drilling follows a detailed exploration review that highlighted the project’s prospectivity to host a nickel-copper-platinum group element (PGE) sulphide discovery
- FME plans to drill-test targets generated from ground-based electromagnetic surveys and a review of historical drilling that intercepted high-grade base metals and sulphur
- Simultaneously, FME is undertaking another EM survey and modelling existing data to assist with structural interpretations at depth and to generate additional drill targets
- Future Metals shares are trading grey at 12.5 cents at 10:52 am AEDT
Future Metals (FME) is gearing up for a diamond drilling program at its Panton project in Western Australia.
This round of drilling follows a detailed exploration review that highlighted the project’s prospectivity to host a nickel-copper-platinum group element (PGE) sulphide discovery.
Over the coming days, a diamond drill rig is due to begin testing targets generated from ground-based electromagnetic surveys and a review of historical drilling that intercepted high-grade base metals and sulphur.
In the lead-up to this round of work, FME completed a detailed archaeological and ethnographic heritage survey over areas requiring new access tracks and pads, and the company obtained clearance from the traditional owners of the land hosting the project.
Simultaneously, FME is undertaking another electromagnetic survey and modelling existing aeromagnetic data to assist with structural interpretations at depth and to generate additional drill targets.
Future Metals Managing Director and CEO Jardee Kininmonth said the FME team had put in “tremendous” amounts of effort to pull this drilling program together.
“A number of high-quality targets have already been generated from the review of
historical data and the ground EM survey currently underway,” Mr Kininmonth said.
“Additional targets are expected over the coming weeks on the back of the EM survey team covering the entire basal contact and the Keel Zone, as well as from the completion of the gravity and magnetics modelling.”
Drilling is expected to run until late in December.
The Panton project is made up of three granted mining licences, 60 kilometres north of Halls Creek in the eastern Kimberley region.
Future Metals shares were trading grey at 12.5 cents at 10:52 am AEDT.