Panther Metals (LSE:PALM), an AIM-listed mineral exploration company focused on Canada, has reported that its first two diamond core drill holes at the Wishbone volcanogenic massive sulphide (VMS) prospect in Ontario have each intersected multiple sulphide zones.
The first hole (BR26-WB-P1-1) reached its planned 300-metre depth and logged nine distinct sulphide intervals from 77.75 metres downhole, including 3.45 metres of pyrrhotite-dominated massive sulphide and 9.9 metres of semi-massive sulphide.
The second hole (BR26-WB-P1-2) intersected the same VMS horizons along strike to the south, with massive and semi-massive sulphide logged between 63.5 and 78.4 metres and between 107 and 120 metres, with mineralisation continuing to the current logged depth of 158 metres.
No assay results are yet available; drill core has not been cut or sampled.
A second diamond core drill rig is being commissioned and mobilised from Manitoba to accelerate work beyond the original 2,000-metre drilling budget, following a placing announced on 18 June and an extension of the Obonga option agreement to 30 April 2027.
Two further drill pads are prepared and ready to follow a scheduled rig maintenance interval, with a fifth pad to be ready ahead of the second rig's arrival.
"We are building out a large-scale VMS system at Wishbone," said chief executive Darren Hazelwood, noting the visual core results coincide with the company's three-dimensional geophysical inversion model.
