Panther Metals Ltd. announce that a 1,200m diamond drilling program has commenced at Ironstone, located 50km southeast of Laverton, within the greater Merolia Gold Project area. Additionally, the initial stratigraphic diamond drilling has been completed at Burtville, with further RC drilling scheduled for the end of the month. The geology of the Ironstone area consists of a NW-trending sequence of basalt and ultramafic schist with minor granite and gneiss.

Shear zones are generally layer-parallel, although there is evidence of thrust repetition in aeromagnetic images. Well-developed shear fabrics in ultramafic rocks dip steeply east and contain a shallow-moderately south- plunging lineation at the intersection of NNW-trending shear zones with NNE trending shear zones. Laterite is well developed in the southern portion of the lease, while the remainder is covered in sandy transported alluvium.

In 2002AngloGold Australia completed a program of 19 RC holes and two diamond drill holes at Ironstone, which were successful in delineating high-grade gold mineralisation, including CWRC013, which intersected 9m at 22.27g/t Au including 4m at 46.20g/t Au from 112m. In February 2016, White Cliff Minerals completed a 5-hole RC program that confirmed the previous drilling and was followed by a soil sampling programme that defined a soil anomaly extending over 240m by 180m. A programme of 20 air core holes over three lines was completed in late 2016, which identified multiple broad mineralised zones from shallow depths that remain open at depth and along strike.

Results included: 4m at 1.8 g/t gold within 12m at 1.1 g/t gold 4m at 1.3 g/t gold and 5m at 0.6 g/t gold. 4m at 0.79 g/t gold and 4m at 0.77 g/t gold, occurring within a zone of 12 metres at 0.66 g/t gold.