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Pantera Minerals (ASX:PFE) commences drilling at Hellcat, WA

ASX News, Materials
ASX:PFE      MCAP $8.528M
04 July 2022 09:29 (AEDT)

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Pantera Minerals (PFE) has commenced drilling at its Hellcat project in the Edmund Basin of Western Australia.

The drilling program will include four diamond drill holes for 1700 metres and will test high-priority gravity targets and modelled electromagnetic conductors.

Pantera is expecting the program to be completed by mid-September.

The company said cultural clearance and ground disturbing approvals had been provided for four drilling areas, allowing for additional drilling within those four areas pending results.

“We are excited to have commenced drilling at Hellcat, which is the culmination of a substantial effort from our team, with support from the traditional owners, local pastoralists and Galena Mining,” CEO Matt Hansen said.

“This diamond drilling program will test the project’s high-priority gravity targets and modelled electromagnetic conductors, where previous fieldwork nearby has confirmed lead-silver mineralisation within the Teano Vein.”

Pantera Minerals shares last traded at 11 cents on July 1.

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