Panther Metals (PALM ) has released results of the fifth batch of Vibracore sample assays that its drilled at the Winston tailings project near Schrieber, Ontario.
The Vibracore tailings sampling is being undertaken in support of the an upcoming mineral resource estimate.
It is the first of a series of ongoing workstreams designed to quantify, evaluate and secure permits for the Winston project.
Winston contains high-grade gold, gallium, silver, zinc, copper, indium and cobalt and other recoverable minerals.
The fifth batch of tailings core sample assay results comprised twenty seven Vibracore collar locations.
Assayed intersections are taken from total tailings thicknesses varying between 1.5 metres to 15.2 metres. The maximum vertical thickness of tailings (below ice and water) intersected across the Winston is 16.8 metres, with the average vertical thickness running at 8.7metres.
The results continue to show good grade consistency across the vertical depth-profile and laterally between Vibracore hole collar locations, and are consistent with and in some cases better than the preliminary assay results announced 31 July 2025 and the series of Vibracore results announced earlier this year. All holes showed significant mineralisation.
"These latest results continue to confirm continuity across the Winston Tailings Project footprint, strengthening our confidence in the project's scale, consistency and commercial potential,” said Darren Hazelwood, chief executive of Panther.
“Alongside Panther's accelerating business model, we believe the market is increasingly recognising the broader potential of tailings reprocessing, which can support the advancement of other high-impact projects across our portfolio. Ongoing work continues to expand our understanding of the asset while reducing risk, and we look forward to updating shareholders as the project advances."
View from Vox
Panther’s share price has almost tripled since December, and it’s not hard to see why. Against the backdrop of a favourable commodities market, the company has spent much of the first half of this year proving its contention that mineralisation at Winston is consistent and significant. The wider strategy, to build significant cash flow from Winston to support large, blue-sky exploration, suddenly makes an awful lot of sense. And this project, don’t forget, and Panther’s others, are in the heart of mining country in one of the most favourable jurisdictions in the world.