Panthera Resources PLC (AIM:PAT) has kicked off drilling at the Kalaka gold project in Mali.
The company intends to complete 2,500 metres (m) of AC drilling across up to five of 20 previously identified targets, prioritised by their potential to host higher grades. Assay results are expected from late December 2021.
"Significant low-grade gold mineralisation has previously been identified at the Kalaka project,” said chief executive Mark Bolton.
“This mineralisation has a strong Induced Polarisation (IP) chargeability high associated with it due to disseminated sulphides in the alteration zone. Recent extensions to the IP survey have resulted in 20 other chargeability anomalies being identified and up to five of these will be tested in the current drilling programme.”
Bolton added: “One of the strongest chargeability responses occurs at Target 1 which is slightly offset from a large zone of artisanal workings targeting the base of laterite over a 1000m by 200m area.
“This will be the first drilling into either the area of workings or the chargeability high, so results will be eagerly awaited.
“Target 2 is a northerly offset continuation of Target 1. The other targets being testing will include Target 5 and possibly Targets 3 and 4 depending on the depth of the drill holes."