Exceptionally High-Grade Gold In Soil At Burkina Faso Project
Panthera Resources Plc (AIM: PAT) has uncovered exceptionally high-grade gold in soil anomalies from the recently completed sampling programme at its Bido project in Burkina Faso, West Africa. PAT is earning up to 100%, ex any government interest, in the Bido project.
The survey collected 1,166 soil samples on lines 200m part with samples every 50m along lines, together with assays.
Several high-grade gold in soil assays have been received including some individual, point samples: 26,500ppb Au (26.5g/t Au); 16,700ppb Au (16.7g/t Au); 4,150ppb Au (4.15g/t Au); 3,720ppb Au (3.72g/t Au); 3,060ppb Au (3.06g/t Au); and 2,100ppb Au (2.1g/t Au)
The company has identified a northwest-trending zone approximately 2,500m long that is contourable at 32ppb Au with a 1,600m core area that is contourable at 64ppb Au
Managing Director, Mark Bolton, said a new gold rush by artisanal miners is underway north of the recent sampling area at the Beredo prospect.
“The survey results are excellent and confirm that this area has the potential for high-grade mineralisation,” Mr Bolton said.
“The next stage of work will involve infilling gold in soil sampling of some of the better anomalies, detailed geological mapping and rock chip sampling, and possibly some trenching and geophysics. Subject to these results, we anticipate a drilling programme mid-2021.”
The Bido project is located in southern Burkina Faso, approximately 120km WSW of the capital city Ouagadougou.
Bido is situated within a well-endowed Birimian greenstone belt that hosts the Konkera (3.3Moz), Gaoua (3.4Moz), Wa (2.0Moz) and Poura (1.0Moz) gold deposits to the south and the Karma (5.0Moz), Kalsaka (1.2Moz) and Bissa (5.5Moz) gold deposits to the north. In addition, a large zinc deposit, Perkoa (0.63Mt Zn), is located about 35km to the north.
