Continues Exploration Across Multiple West African Projects
Panthera Resources Plc (AIM: PAT) has provide an update on its West African exploration programmes as well as the projects owned by our associated company, Moydow Holdings Limited.
Highlights:
- Work continued across the West African projects through the festive season
- Preliminary results at Bassala (Mali) gold suggest a large exploration target with over 8km strike potential
- First-pass drilling at Paimasa (Nigeria) completed with initial assay results expected in Q1 2021
“We enter 2021 in good stead with teams having conducted extensive activity across the West African licences over the Christmas-New Year period. Panthera has a firm operational platform with which to commence the new year and to continue to grow from strength to strength on our efforts of 2020,” Managing Director Mark Bolton said.
“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 in Nigeria, which is held under the Joint Venture Agreement between Moydow and PW Nigeria Mining Limited, the first-pass drilling programme is complete and initial assay results are expected later in the quarter.
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.
