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Gold & silver

Panthera Resources gets lift on Burkina Faso drilling plans

The programme to drill 46 holes to test up to five targets has begun

Panthera Resources PLC (AIM:PAT) (Panthera Resources PLC (AIM:PAT)) gained ground after a drilling update.

The gold exploration and development company, which has assets in West Africa and India, said a reverse circulation drill rig had arrived on-site at the Labola Project in Burkina Faso.

The programme to drill 46 holes to test up to five targets has begun, with assay results expected during the third quarter of 2022.

A resource estimate expansion drilling programme will comprise 2,000m of infill and step-out holes targeting the Daramandougou area and is included in Area 1.

A further 3,200m exploration drilling proposal will test additional pit expansion targets in Area 1 and a number of new targets within the Wuo Land 1 and Wuo Land 2 licences in Areas 1 to 5.

Shares rose 2% to 7.25p.

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