- Pantera Minerals (PFE) completes a Versatile Time Domain Electromagnetic (VTEM) helicopter electromagnetic (EM) survey over high priority geological and geophysical targets at its Hellcat Project in the Edmund Basin of Western Australia
- The VTEM survey data will assist with drill hole design to test geophysical anomalies and geological targets at the Teano and Navi prospect areas
- Interpretation of preliminary EM data is underway with initial results expected to be released over the coming weeks
- Additionally, the Hellcat Project tenement package has increased with the granting of a new exploration licence, bringing the total landholding to 442 square kilometres.
- A detailed program of work is planned at Hellcat over the coming six months including heritage clearance, drilling programs and airborne magnetic and radiometric surveying
- Shares in Pantera were trading 7.14 per cent down at 19.5 cents.
Pantera Minerals (PFE) has completed a Versatile Time Domain Electromagnetic (VTEM) helicopter electromagnetic (EM) survey over high priority geological and geophysical targets at its Hellcat Project in the Edmund Basin of Western Australia.
A combined total of 123 survey line kilometres were acquired over the Teano and Navi prospects.
Preliminary VTEM survey data has been delivered to Pantera, with data processing and interpretation underway.
The VTEM survey data will assist with drill hole design to test geophysical anomalies and geological targets at the Teano and Navi prospect areas, where drilling is expected next quarter.
The geological source of EM conductor responses could be semi-massive to massive sulphide mineralisation or carbonaceous shale stratigraphy similar to the Galena Mining’s (G1A) Abra lead-silver deposit located 100 kilometres to the east of the Teano prospect, which is associated with a discrete EM conductor response detected by the VTEM system.
Additionally, the Hellcat Project tenement package has increased with the granting of a new exploration licence, bringing the total landholding to 442 square kilometres.
A detailed program of work is planned at Hellcat for the coming six months including heritage clearance, drilling programs and airborne magnetic and radiometric surveying.
Pantera CEO Matt Hansen said the recent survey is a rapid and exciting start to exploration at the project.
“VTEM surveys in the region have been instrumental in identifying shallow to deep sulphide mineral targets and we look forward to the final survey results in the coming weeks,” Mr Hansen said.
Shares in Pantera were down 7.14 per cent to 20 cents each at the close of trading on Monday.