11th Dec 2020 18:26
Panthera Resources PLC - Manchester-based gold explorer - Says associated company Moydow Holdings Ltd has secured all the previous drilling, geological, geochemical and geophysical data on the Labola Project, collected by High River Gold Mines Ltd, later acquired by Nord Gold SE.
Data obtained include 40,518 metres of drill logs and assay results from some 282 RAB, RC and Diamond drill holes, as well as 784 rock chip and 3316 soil sample assays.
The data will "greatly assist" the programme required to estimate a maiden mineral resource at Labola, in south west Burkina Faso.
"Securing the combined drilling, geological, geochemical and geophysical data for the first time, with an estimated replacement value of over USD10 million, is a major step forward to the ultimate development of Labola. The extensive database requires comprehensive interpretation before significant further investment in the field, particularly the many additional targets which may expand the resource potential at Labola," says Panthera Managing Director Mark Bolton.
Current stock price: 21.50 pence
Year-to-date change: more than doubled from 6.0p
By Lucy Heming;Â [email protected]
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