“The geophysical data processing and interpretation has confirmed the presence of several extensive structural zones which appear to control the distribution of known gold mineralisation,” Darren Hazelwood, Panther chief executive said in a statement.
Contractor Core Geophysics has been engaged to review and interpret the data, update imagery, and make recommendations for future work.
The company, meanwhile, has identified several major structures and linear features within the same north-east trend as the prospective Annaburroo Dome, which spans some 8.5 kilometres by 4 kilometres.
The company also noted that in the southern portion of the acreage it sees several strongly magnetic targets, associated with anticlinal structures and faulted synclines. All presently remain untested.
Hazelwood noted that a fieldwork programme and initial reconnaissance work is expected to get underway at Annaburroo this autumn. Also, a new high-resolution airborne geophysical survey targeting the southern part of the project area is currently scheduled for the first quarter of 2021.