Pantera Minerals Limited announced Yampi Project, located in Western Australia's Buccaneer Archipelago. The Yampi Project consist of two Exploration Licences, E 04/2542 & E 04/2660 and four Exploration Licence applications, E
04/2700 ­ 2703. A total of 60 half core samples across the 3 diamond drill holes were submitted for 10 element Iron Ore XRF and 52 element ICP-MS analysis in November 2021 with the results recently returned. The maximum iron grade returned was 3.25m @ 29.25% Fe (incl. 1m @ 39.7%) from surface in hole YMP004D with the remainder of the iron grades in the range of 10 to 20% Fe. The iron grades encountered were lower than expected and will likely downgrade the potential of E 04/2542 to host an economic hematite deposit. Multi-element ICP-MS analysis of the samples have returned anomalous results for gold, arsenic, bismuth, molybdenum and antimony which was not expected. These grades combined with the significant amount of quartz-barite-carbonate veining encountered within the drillholes indicates that a large hydrothermal system exists within the area, with the potential to host porphyry copper-gold mineralisation. The anomalous trace element geochemistry is associated with zones of hematite alteration with the unaltered quartz sandstone generally barren of any anomalous geochemistry. The hematite mineralisation observed at Yampi is now interpreted to represent an alteration zone associated with a large hydrothermal event within the area. The large amount of outcropping hematite alteration within E 04/2542 will now be re-assessed and used as a vector to target possible porphyry copper-gold mineralisation within the area. Further mapping and rock chip sampling of the hematite alteration zone ­ concentrating of the trace element geochemistry.
Stream sampling of all creeks for gold, base metal and trace elements. Pathfinder analysis of trace element geochemistry ­ determine if any vectors to copper-gold mineralization exist. Modelling of acquired aeromagnetic and radiometric data to better understand the structure of the area and hydrothermal fluid pathways. Approval of a Deed of Access with the Department of Defence to access the Yampi Sound Training Area. Mapping and rock chip sampling ­ concentrating on areas of structural complexity where the intrusive magnetic body may come to surface. Stream and soil sampling over the entire tenement ­ concentrating on gold and base metals. Close spaced ground gravity survey over the magnetic intrusive body. Modelling of acquired ground gravity and aeromagnetic/radiometric data to develop a detailed 3D model of the intrusive magnetic body. Development and permitting of drill targets ­ EIS grant application. The combination of mapping, surface geochemistry and detailed ground gravity and aeromagnetic and radiometric data will greatly assist in understanding the mineral potential of the area and the development of drill programs.