- Pantera Minerals (PFE) completes the first phase of diamond drilling at the Yampi Iron Ore Project in Western Australia’s Bucaneer Archipelago
- Of the three holes drilled, two intersected hematite mineralisation and all three encountered calc-silicate altered quartz sandstone below the hematite sandstone
- While assays are expected in December, PFE says the results so far provide insight into the potential mineralisation within the project area
- At the company’s Weelarrana Manganese and Fredericks Polymetallic projects, tenements have been granted and work to develop drill targets is scheduled
- Shares have been trading 8.6 per cent lower at 26.5 cents
Pantera Minerals (PFE) has completed the first phase of diamond drilling at the Yampi Iron Ore Project in Western Australia’s Bucaneer Archipeligo.
Three diamond holes were drilled, marking the first drilling to occur in the area which is prospective for copper-nickel mineralisation.
Of those holes drilled, PFE said two intersected hematite mineralisation.
Specifically, the company said broad widths of hematite sandstone was encountered, up to 14 metres wide.
Moreover, a calc-silicate altered quartz sandstone was encountered below the hematite sandstone in each hole, which PFE said contained considerable amounts of quartz and barite-specular hematite veining.
While assays are expected in mid-December, CEO Matthew Hansen said the results so far have given insight into the potential mineralisation within the project area.
“This...
Read Full Story: https://themarketherald.com.au/pantera-minerals-asxpfe-completes-first-drilling-at-yampi-iron-ore-project-2021-11-03/
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