Significant Steps Forward for Panther Minerals' Boulder Creek Project

Progress Update on Boulder Creek Project

Panther Minerals Inc. is thrilled to share major updates on its flagship Boulder Creek project. Recently, the Alaska Department of Natural Resources has indicated that the final Miscellaneous Land Use Permit (MLUP) needed for both exploration and reclamation is nearing completion, with a positive outcome expected soon. This signifies a crucial step for welcoming new opportunities and establishing a solid foundation for growth.

Enhancements in Project Development

Since acquiring the Boulder Creek project, Panther Minerals has made considerable strides, showcasing the company's commitment to advancing this promising opportunity. From expanding property sizes to fortifying its technical team, Panther Minerals is preparing itself for an efficient exploration process.

Property Expansion

Earlier in April, the Boulder Creek property expanded significantly to encompass 22,400 acres, equivalent to approximately 9,065 hectares. This sprawling area stretches about 30 kilometers in a north-northwest-south-southeast direction, with a width ranging from three to seven kilometers. This strategic expansion enhances the project's potential and exploration capabilities.

Strengthening the Team

The Company has made notable additions to its advisory board, welcoming experts like David Hedderly-Smith and Lindsay Bottomer. Mr. Bottomer's expertise ensures adherence to the National Instrument 43-101 standards crucial for mineral project disclosures. Additionally, Alaska Earth Sciences has been engaged for geological insights, while Jack DiMarchi from Core Geoscience LLC leads permitting efforts.

Focus on Fireweed Prospect

The Fireweed Prospect remains a centerpiece of exploration activity. Initial investigations have unveiled a second uranium occurrence, located approximately 28 kilometers northwest of Boulder Creek. Sampling conducted in the past has shown promising results, revealing the Fireweed mineralization as a significant target for future exploration due to larger and stronger anomalies compared to the Boulder Creek deposit.

Technical Developments and Site Visits

Various technical advancements have occurred, including a long-wave infrared survey conducted in July. This high-resolution analysis uncovered helium anomalies linked to radioactive materials at the Fireweed site, promising new targets for field investigations. Furthermore, company consultants evaluated the site's conditions, ensuring proper infrastructure is in place to support upcoming explorations.

Moving Toward a Comprehensive Geological Report

A substantial undertaking has begun to compile and interpret an extensive historic database into a draft geological report compliant with National Instrument 43-101 standards. This critical work is ongoing, ensuring that Panther Minerals maintains transparency and high standards of accountability.

Engaging New Advisory Talent

As of September, Jeffrey Kupfer has joined the Panther Minerals team as a strategic adviser. With his extensive background in the U.S. energy sector and significant policy experience, Mr. Kupfer's insights are expected to bolster the company's strategic direction.

Looking Ahead

As Panther Minerals approaches the finalization of important permits, the Company remains keenly focused on the logistical aspects of upcoming exploration phases. CEO Rob Birmingham remarked on the progress made over the summer, emphasizing that the upcoming permit sanctions will enable the technical team to coordinate effective groundwork and drilling operations at both the Boulder Creek and Fireweed sites.

About Panther Minerals Inc.

Panther Minerals Inc. is dedicated to exploring and developing its diverse portfolio of mineral projects across North America. With a focus on high-quality uranium projects like Boulder Creek, Panther Minerals is committed to undertaking efficient exploration efforts that promise tangible benefits in the long run.

Qualified Person

The technical content of this update has been reviewed by Lindsay Bottomer, PGeo, a qualified person, ensuring the credibility and accuracy of the reported information.

Frequently Asked Questions

What is the current status of the Boulder Creek project?

The Boulder Creek project is advancing through the final permitting phases, with the final Miscellaneous Land Use Permit expected soon.

What recent expansions have been made to the Boulder Creek property?

The property has significantly expanded to 22,400 acres, increasing its potential for exploration.

Who are the new strategic advisers for Panther Minerals?

Jeffrey Kupfer and others have joined as strategic advisers, bringing valuable experience in the energy sector.

What is the focus of upcoming explorations?

Upcoming explorations will focus on the Boulder Creek and the Fireweed Prospect, targeting uranium mineralization.

What standards does Panther Minerals adhere to in reporting its findings?

Panther Minerals follows the National Instrument 43-101 standards for mineral project disclosures, ensuring full compliance with industry regulations.

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