Drilling completed at Hellcat, assays next month

Our multi-commodity exploration investment Pantera Minerals (ASX:PFE) has now completed its maiden drilling campaign at the Hellcat polymetallic project (PFE owns 80%) in WA’s Edmund Basin.

A total of 4 diamond holes were drilled for 1832.7 metres, testing several high priority gravity targets and modelled electromagnetic conductors.

Hydrothermal alteration was observed in all four drillholes.

Whilst multiple sulphides were observed in all holes (pyrrhotite, pyrite, galena and chalcopyrite) in steeply dipping veins and fracture sets, no significant base metal mineralised zones were intersected.

We look forward to the assay results, expected around the end of October, which fits in with our Objective #2 that we’d like to see PFE deliver this year, as per our Investment Memo.

Hellcat is located near to one of the region’s most significant discoveries of the past two decades, Galena Mining’s (ASX:G1A) ‘Abra’ polymetallic deposit. Of note, interest in the Edumd Basin has heightened, with Bellavista Resources applying for the tenements surrounding Hellcat and adjoining G1A tenements.

Next up for PFE will be the commencement of drilling at Weelaranna manganese project, which we expect to commence next month.