26th Mar 2021 14:34
Panthera Resources PLC - gold exploration and development company focused on west Africa and India - Completes soil sampling at Bassala project in Mali. Results confirm two "major" gold anomalous trends are present in two zones, which appear to be continuations of regional mineralisation trends. Says it has now fast-tracked the next exploration phase to start an induced polarisation study, expecting first results in April.
"The excellent soil sampling results, almost within sight of the headframe of two-plus 2Moz gold mines, is encouraging. The fact that previous very broad spaced shallow RAB drilling has confirmed significant gold mineralisation beneath the soil anomalism significantly adds to the emerging picture of a potentially substantial gold system. The success of the recent IP survey at our Kalaka project has resulted in the geophysical crew being re-located to this project in order to firm up drill targets for testing. Results from the IP survey are eagerly awaited, and preliminary planning has commenced securing a suitable drill rig to test the better targets at Bassala," says Managing Director Mark Bolton.
Current stock price: 12.00 pence, up 4.4% on Friday
Year-to-date change: down 64%
By Zoe Wickens; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
Panthera Res.