In this week’s Geological Analysis Report, we focus on Panther Metals Ltd (ASX:PNT), which recently captured attention following the announcement of alluvial gold nuggets discovered during drill preparation at Comet Well and Comet Well South, part of its Laverton Gold-Nickel Project in the Laverton district of Western Australia.
Panther Metals also reported 2022 significant drill intercepts of 15 m at 53.94 g/t Au from 27m, inc. 1 m at 478 g/t Au from 28m, equating to an impressive 809 GxM. This announcement led to a surge in the company’s share price, rising +33% to a high of A$0.03, up from A$0.02, with large volumes of shares changing hands over the following trading days.
This comprehensive report provides an in-depth look at both the potential risks and opportunities stemming from Panther Metals' recent developments at the Laverton Gold-Nickel Project. Investors are advised to critically assess the results as they unfold, and stay informed, balancing the attraction of alluvial nugget finds, and high-grade intersections, with the practical considerations of grade variability, resource estimation and economic viability.
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