Winston Tailings Project: Batch 1 Assay Results
Panther Metals Plc (LON: PALM), the exploration company focused on mineral projects in Canada, is very pleased to report the first batch of Vibracore sample assay results for the Winston Tailings Project near Schrieber, Ontario, Canada.
The Vibracore tailings sampling is in support of the Mineral Resource estimate (“MRE”) programme, the first of a series of ongoing workstreams progressing to quantify, evaluate and permit the contained high-grade gold (Au), gallium (Ga), silver (Ag), zinc (Zn), copper (Cu), indium (In) and cobalt (Co) and other recoverable minerals located within the historic Winston Lake Mine tailings storage facility (“TSF”).
Key points:
· First batch of tailings core sample assay results (Table 1) received for four Vibracore collar locations (WT-26-001, WT-26-002, WT-26-003 & WT-26-004) situated on part of a single east-west profile, varying in thickness from 4.15m to 12.20m (Table 2).
· Samples comprise HQ core (63.5mm) diameter cylinders of tailings material through the vertical profile of the tailings, collected from the surface of the tailings (situated below ice and water cover) to the base of the tailings.
· Results show good grade consistency across the vertical depth-profile and laterally between Vibracore hole collar locations.
· The results support or exceed the 2025 preliminary assay results announced 31 July 2025.1
Figure 1: Winston Tailings 2026 Vibracore Sample Result Locations for this Announcement
Darren Hazelwood, Chief Executive Officer commented:
“The continuity of mineralisation and grade we are seeing gives us increasing confidence in the underlying potential of the project. Historical mining records from the Winston Lake Mine indicate the deposit was characterised by a very uniform distribution of mineralisation, and while our current results remain early-stage, we are already seeing encouraging signs that this pattern is being mirrored in the tailings.
For us, that consistency is extremely important. An even spread of mineralisation supports the potential for predictable processing and scalable production, which is exactly what you want to see when developing a strong production story.”
For further information, please contact:
Panther Metals PLC:
Darren Hazelwood, Chief Executive Officer:
+44 (0)1462 429 743
+44 (0)7971 957 685
