Panthera Resources PLC (AIM:PAT) said a reverse circulation drill programme at its Kalaka project in Mali and the Bido project in Burkina Faso has returned significant gold indications.
At Kalaka, 756 metres of drilling returned widths of up to 264 metres at grades of between 0.54 g/t and 0.38 g/t with the drilling confirming that the Kalaka K1A prospect is at least 150 metres wide (true width) and now drilled to 240 metres vertical depth.
Highlights from Bido, where 2,483 metres of RC drilling has been completed, results at the Somika Hill, Kaga vein system showed significant intersections of 14m at 0.91 g/t and 12m at 0.56 g/t.
At Beredo-Kiekouyou prospect, the most significant intersections included 2m at 4.45g/t gold and 5 metres at 1.79 g/t.
Mark Bolton, Panthera’s managing director, said: "The drilling results at the K1A prospect reaffirm that the Kalaka Project's large-scale, low-grade gold mineralisation extends from near-surface.
"Importantly, higher grades have been delineated on the eastern contact from near surface to 200 metres vertical depth.
"The recent positive metallurgical results and strong gold price performance in 2024 bodes well for the development potential at Kalaka.
“At the Bido Project, two prospects were drill tested, reporting gold mineralisation in oxidised zones with significant alteration.
“Both Beredo-Kiekouyou and Somika are extensive gold systems which have significant along strike and down dip potential which should be followed up with further drill testing."