Panther Metals (ASX:PNT) announces gold nugget discoveries

Panther Metals Ltd (ASX:PNT) has announced the discovery of numerous gold nuggets at the Comet Well and Comet Well South project areas during drill preparations. The finds include a gold in quartz specimen and have led to ongoing additional detecting activities over the two project areas. Assays have been submitted for Burtville East, following the Company's 600m RC programme in 2022, which included best intercepts of BVE006: 15m at 53.94g/t Au from 27m, inc. 1m at 478g/t from 28m, BVE009: 10m at 7.15g/t Au from 84m, including 1m at 62.80g/t Au from 91m, and BVE002: 1m at 73.3g/t Au from 93m. The current drill programme covers 10 targets for 7,000m of drilling over 35km of continuous strike.

Executive Commentary on Gold Nugget Discoveries

We are excited to announce the discovery of gold nuggets at Comet Well and Comet Well South. The finds underscore the highly under-explored gold-rich potential of the greater Laverton Gold Project (LGP) area and the effectiveness of our exploration strategies. Additionally, assays have now been submitted for Burtville East, where drilling conducted by the Company in 2022 returned bonanza gold grades, including a best intercept of 15m at 53.94g/t Au from 27m, and discovered three new gold lodes. This is a very positive beginning to the start of our 7,000m drill programme. With nine further targets remaining to drill at the LGP, we look forward to updating the market of our progress as exploration continues.

Summary of Gold Nugget Discoveries and Outlook

Panther Metals Ltd (ASX:PNT) has made significant gold nugget discoveries at the Comet Well and Comet Well South project areas during drill preparations. The ongoing additional detecting activities and the submission of assays for Burtville East indicate a positive start to the 7,000m drill programme. The Company's comprehensive targeting study on the Laverton Gold Project covering 10 targets for 7,000m of drilling over 35km of continuous strike demonstrates their commitment to exploration. The discoveries underscore the under-explored gold-rich potential of the LGP area. Panther Metals looks forward to updating the market on their progress as exploration continues, with nine further targets remaining to drill at the LGP.