Share Talk Ltd

Panther Metals announced the results of its auger drilling programme over part of its majority-owned Merolia Gold Project in Western Australia. We caught up with Darren Hazelwood, CEO of Panther to update shareholders on yesterday's announcement. Darren Hazelwood, Chief Executive Officer, commented: "We are very pleased with the results of this first auger drilling programme over the Merolia Gold Project. The programme has discovered a significant gold anomaly which extends over 5km x 2.5 km in the central part of licence E38/3384. There are also several other more subtle gold anomalies which trend approximately NW-SE, extending from the Comet Well gold trend in the north. These gold anomalies are also coincident with anomalism in several other elements, which support the likelihood of primary gold mineralisation in the vicinity. The Company is now evaluating the opportunities to progress this project towards an reverse circualtion drilling programme to test these anomalies and several other gold