Panthera Resources PLC (LON:PAT) has provided an update regarding ongoing work across its West African portfolio, as well as on projects owned by associated company Moydow Holdings.
The group said preliminary results at Bassala in Mali suggest a large gold exploration target with over eight kilometres of strike potential.
Meanwhile, first-pass drilling at Paimasa in Nigeria has also been completed, with initial assay results expected in the current quarter.
"We enter 2021 in good stead with teams having conducted extensive activity across the West African licences over the Christmas-New Year period,” said Panthera managing director Mark Bolton in a statement
“At Bassala, the strong correlation between the structural targets identified by the ground magnetic survey with the gold-in-soil anomaly suggests that this may be a large gold exploration target with over 8km strike potential.”
At Paimasa, he added, “the first-pass drilling programme is complete and initial assay results are expected later in the quarter.”
Meanwhile, at Labola, Moydow's team is currently preparing detailed plans and processes for the drilling programme expected to commence in this quarter.
“Several further additional targets at various stages of exploration have also been identified,” said Bolton.