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Panther Metals (LSE: PALM) is advancing its Winston tailings project in Ontario, where historic zinc-focused processing left behind potential value in precious and critical metals. The Winston mine operated from 1988 to 1999 and was considered one of the highest-grade zinc operations in North America. Speaking with Kitco Mining at PDAC 2026, CEO Darren Hazelwood said early sampling from the polymetallic tailings has confirmed the presence of gold and silver. “We ended up with grades of up to 0.82 grams a ton gold, over 13 grams a ton silver,” Hazelwood said. The samples came from the upper layer of a tailings pond that extends more than 18 meters deep in places and also contains gallium and indium. Panther is now carrying out additional work aimed at delivering a maiden mineral resource estimate in the coming months. “The catalyst for us is definitely going to be the MRE on Winston,” Hazelwood said, pointing to the upcoming resource estimate as a key milestone for the project.