Panther Metals plc has appointed Platinum Diamond Drilling Inc. to drill the Winston Lake gold-gallium-silver-zinc-copper-cobalt tailings storage facility in Ontario, ahead of a mineral resource estimate.
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Independent consultants SRK Exploration Ltd, who were appointed in September, will conduct the MRE.
Chief executive officer Darren Hazelwood said that the appointment of the drilling contractor was a “pivotal step forward” for Panther.
“The historical Winston Lake mine processing data indicates that the tailings have the potential to host commodities in quantities significant enough to fundamentally transform our business.
“Quantifying the grade and tonnage of recoverable minerals in the TSF will provide a clear pathway to near-term production and meaningful cash flow, supporting our strategy to rapidly advance Winston from an historic asset into a modern, cash-generating operation.”