Panther Metals PLC (LON: PALM) has reported a second batch of assay results from its Winston Tailings Project, confirming consistent grades of multiple metals across the site.
Results from 11 Vibracore collar locations, with tailings thicknesses ranging from 2.4 metres to 13.1 metres, showed steady levels of gold, gallium, silver, zinc, copper, indium and cobalt.
The findings support earlier results and align with historical production data, reinforcing the project’s potential for future production.
Panther said the work advances its goal of delivering a Mineral Resource estimate, a key milestone in moving the project towards cashflow generation and environmental rehabilitation.
Key points:
· Second batch of tailings core sample assay results (Table 1) received for eleven Vibracore collar locations (WT-26-005, WT-26-007, WT-26-011 / 11A, WT-26-012, WT-26-013, WT-26-014, WT-26-015, WT-26-018, WT-26-021 & WT-26-026) situated upon six east-west profiles (Figure 1).
· Assayed intersections reported to date are taken from total tailings thicknesses varying between 2.4m to 13.1m (Table 2). The maximum vertical thickness of tailings (below ice and water) intersected across the TSF is 16.8m with an average vertical thickness of 8.7m.1, 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 continue to show good grade consistency across the vertical depth-profile and laterally between Vibracore hole collar locations, and support or exceed the 2025 preliminary assay results announced 31 July 2025 and the results announced 17 March 2026.1, 3
Darren Hazelwood, Chief Executive Officer commented:
“These latest results continue to highlight the strong production potential offered by the Winston Tailings Project. We are consistently confirming the continuity of mineralisation within the tailings, which closely aligns with our expectations based on our review of the historical production data from the Winston Lake Mine.”
