Business news

    Panther Metals (ASX:PNT) resource update

    Article Image

    Panther Metals (ASX:PNT) has made an announcement about a key resource.

    Following the announcement shares of Panther Metals fell 14.634% to $0.175.

    Panther Metals is pleased to announce that assay results have returned a further bonanza gold intercept of 1m at 62.8g/t gold from 91m, over a total intercept of 10m at 7.15g/t gold from 84m, and visible gold present in hole BVEDD001 at the Burtville East Gold Project.

    When a mining company releases an update about a key resource it?s exciting times for shareholders.

    A lot of capital goes into exploration and when a new deposit is found there?s usually a share price boost.

    Discovery is the reward stage for investors, particularly of junior mining stocks, searching for undiscovered deposits of natural resources.

    When discussing new resource discoveries it?s beneficial to know the difference between greenfield and brown exploration.

    Greenfield exploration is looking for mineral deposits in areas that have not been explored.

    In brownfield exploration deposits are being sought near or next to an already existing mine.

    Disclaimer

    Grafa is not a financial advisor. You should seek independent, legal, financial, taxation or other advice that relates to your unique circumstances. Grafa is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on the information provided directly or indirectly by use of this platform.

    Publisher
    Grafa