Panthera Resources: Advancing a diverse portfolio of gold exploration assets
- Panthera Resources hits high grade gold in Burkina Faso drilling
- Panthera Resources has huge upside across multiple gold projects in West Africa and India
- Panthera Resources highlights significant gold mineralisation at Bassala project
Quick facts: Panthera Resources PLC
Price: 13.25 GBX
Market Cap: £12.04 m
About the company
Panthera Resources Plc is focused on its gold exploration and development projects in India and West Africa and the optimisation of other mineral projects. The company was founded by seasoned industry professionals with wide-ranging international experience that has included senior executive positions with Billiton.
How it is doing
The drilling was undertaken by Panthera’s associate company Moydow Holdings Limited.
Among the highlights were four metres grading 19.7 grams per tonne gold and three metres grading 3.46 grams per tonne.
The results are likely to be incorporated into the maiden resource estimate currently being prepared.
The gold exploration company said significant drill intercepts from composite samples included 10 metres (m) at 3.45 grammer per tonne (g/t) gold from 60m, with 5m at 6.59g/t from 60m, which was the highest-grade assays received to date.
Following the farm-out, Diamond Field Resources (DFR) will own 80% of project owner Moydow, with Panthera at 20% with an option to increase the stake back up to 30% for US$7.2mln.
Insight: Panthera Resources has huge upside across multiple gold projects in West...
What management says
Panthera Resources PLC (LSE:PAT)'s Mark Bolton speaks to Proactive after unearthing what the company describes as significant gold mineralisation in drill results from the Bassala project in southwestern Mali. Recent aircore drilling confirmed the presence of significant gold mineralisation highlighting grades up to 5.1 grams per tonne.
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...
In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...FOR OUR FULL DISCLAIMER CLICK HERE