Merolia Gold Project

In Q4 2020 Panther establishes a gold project portfolio in world-class mining region in Western Australia.

The Meriolia Gold project comprises a portfolio comprises a number of prospects located 250km north-northeast of Kalgoorlie. The project comprises a tenement package of 145km². The tenements sit within a 14km long by 8km wide Archean greenstone sequence and are 100% owned by Panther Metals. The project lies in a prolific mining region with the well established 3Moz Granny Smith and 7Moz Sunrise Dam within a close vicinity.

The region benefits from extensive infrastructure with airports, rail, roads and a highly skilled workforce in mining towns througout the area.

The project area comprises the following tenements:

East Burtville (8m at 6.7 g/t gold)
Ironstone (4m at 5 g/t gold)
Comet Well (2.6 g/t in soils, 250g nuggets)

The project benefits from extensive soil geochemistry data. The current tenement holding is covered by 3,340 soil geochemistry samples with anomalies circled in red.

Merolia Gold Project Location - tenements in the Comet Well mineralised gold trend

Soil geochemistry samples covering the current Merolia Gold Project group of tenements

Burtville East Gold Prospect

Project Overview

Area: 90.05km²
Location: 35km SE of Laverton

The Burtville East Gold prospect covers an area of 90.05km² and contains a series of 2.5m wide surface level quartz reef outcrops and significant geochemical anomalies. Historically the property has been drill targeted. It is currently PoW approved and there are existing mineral stockpiles ready for chemical treatment (grab sample grades < 38.5 g/t gold).

Burtville East Prospect (click image to view full size map)

Highlights

Historical mineralisation includes, 5m @ 27.8 g/t Au, 2m @ 6.6 g/t Au and 3m @ 5.3 g/t Au

Previous drilling in the area provided intercepts including 8m @ 6.7 g/t Au and
4m @ 5.1 g/t Au from surface.

Drill targeting extensions to historic drilling include
8m @ 0.68 g/t Au from 72m of quartz veining in mafic schist. 4m @ 5.1 g/t Au from surface

Mineralised stockpiles ready for treatment with grab samples with grades up to 38.5 g/t Au

PoW approved

Ironstone Gold Prospect

Project Overview

Area: 52.09km²
Location: 35km SE of Laverton

The main lode of the Ironstone Gold prospect contains multiple zones of fresh and oxide mineralisation which remains open along strike and at depth. Gold is found within quartz veining in sheared basalts.

190m west of the Ironstone Main Lode lies the New Lode area which has demonstrated bulls-eye soil geochemistry with a peak gold value of 340ppb within a halo of >100ppb gold values.

Main Lode (click image to view full size map)

New Lode (click image to view full size map)

Highlights

Main Lode

Historic drilling at the Main Lode intersected 9m @ 46.5g/t Au, 4.5m @ 5.5 g/t Au and 9m @1.2 g/t Au.

WCN drilling at the Main Lode intersected 4m @ 2.1g/t Au and 12m @ 1.85g/t Au

PoW approved

New Lode

Bulls-eye soil geochemistry anomaly, peak gold value of 340ppb within a halo of >+100ppb

Broad mineralsed zones of >0.2g/t Au present with drilling results including 4m @ 1.8g/t Au within 12m @ 1.1g/t Au, 4m at 1.3 g/t Au and 5m at 0.6 g/t Au.

PoW approved

Comet Well Prospect

Project Overview

Area: 3.01km²
Location: 35km SE of Laverton

The Comet Well gold prospect covers an area of 3.01km² and contains two parallel mineralised trends 1.2 km apart. The trends span 2.5 and 2.7km and gold is hosted within quartz veins.

Extensive soil geochemistry has been completed in the area which has also produced >40oz of gold nugget discoveries, the largest of which was 20g. The nuggets are coincident with soil geochemistry anomalies.

Highlights

Multiple mineralised trends, with visible gold in quartz veins. Gold nugget country with >40oz nuggets discovered

20 t0 2600ppb Au along a 3.7km long and 200m wide soil anomaly

PoW approved