Panther Metals (LSE:PALM) shares rose 5.1% to 155p after completing drill hole BR26-AW-P1-1 to a depth of 401m at the Awkward Conduit, a target in Canada.
The explorer said it was now starting a planned hole at the Wishbone Prospect hole.
Panther, an exploration company focused on Canadian mineral projects, is running the 2026 programme to follow up on prior work at Wishbone and Awkward that used drone magnetics, airborne EM and a three-dimensional inversion model to refine targets.
Wishbone carries material prior intersections including in 2021 a 27.3m massive sulphide intercept and a 51m sulphide-dominated zone, and 2022 results that included 3.6m at 3.9% Zn (with 2m at 6.8% Zn and 4.3 g/t Ag), supporting its interpretation as a VMS system and classification as a bimodal-type deposit.
The current campaign follows the company’s February plan for an approximately 2,000m diamond programme at Wishbone, is covered by an exploration permit valid through 2027, and is designed to test for the expected temperature-related copper and zinc zonation with assay results to be released as they are received.
