PriceSensitive

Pantera Minerals (ASX:PFE) begins drilling for manganese at under-explored Weelarrana project, WA

ASX News, Mining
ASX:PFE      MCAP $10.00M
04 November 2022 10:50 (AEDT)

RC drill rig set up at Weelarrana Manganese project, Western Australia. Source: Pantera Minerals

Pantera Minerals (PFE) has kicked off reverse circulation drilling at its Weelarrana manganese project in Western Australia.

The project lies in the Collier Basin, where two manganese deposits exist along strike and within the same stratigraphy.

Despite this, the area covered by Pantera’s tenements has been under-explored for manganese, and this round of work marks the first program to do so.

Pantera has planned 1200 metres of drilling, comprising 30 drill holes, to test an 800-metre long, five-metre thick outcropping manganese occurrence.

Surface sampling of this occurrence returned grades of between 12 and 44 per cent manganese.

CEO Matt Hansen said the start of drilling was the culmination of a “substantial effort” from the team with support from traditional land owners and local pastoralists.

The initial program is expected to take a week to complete, after which PFE will determine whether infill and first-pass drilling is warranted in nearby areas.

Shares in Pantera last traded at 9.4 cents on November 3.

Related News