PFE: Aerial survey helps pinpoint targets for Hellcat campaign

Our multi-commodity exploration investment Pantera Minerals (PFE) today announced that it had completed a VTEM survey over its recently acquired Hellcat lead/silver project in WA.

VTEM stands for versatile time-domain electromagnetic - it is essentially an airborne survey system that can identify moderate to excellent conductors beneath the surface - which in turn can point to possible mineralisation/ ore bodies underground.

The results of the VTEM survey have helped refine drill targets for the upcoming maiden drilling program at Hellcat, expected later this quarter. This ties in with our Objective #2 that we want to see PFE deliver in the year ahead, as outlined in our Investment Memo.

In particular, high priority gravity targets at the Teano and Yarvi prospects (within the Hellcat project) are coincident with electro-magnetic conductors (as revealed by VTEM), a promising sign prior to drilling.

We like that Hellcat is down the road from one of the world’s next significant lead/zinc/silver operations expected to go into production next year - the Abra mine, a joint venture between Galena Mining and Japanese smelter Toho Zinc. Abra is expected to operate for an initial 16 years, producing 95 ktpa of lead alongside by-products.

Aside from upcoming drilling at Hellcat, we expect PFE to also be drilling at their WA manganese project in this current quarter, and so will be keen to see the results.