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Panthera Resources Confirms Significant Gold Mineralisation at Bassala

Sam Boughedda trader
Updated 30 Sep 2021

Panthera Resources reported the final assay results of the aircore drilling at the Bassala gold project, revealing the presence of additional significant gold mineralisation in the northern part of the project.

Panthera described the intercepts as the “best results to date,” with the results including 20m at 2.11grams per tonne of gold from 10m and 10m at 3.79 grams per ton from 20m.

The new drill results have confirmed mineralisation in the northern part of the licence, which the company plans to drill later in the year.

“All areas tested to date have returned significant gold mineralisation, confirming the targeting methodology is effective,” stated Panthera. 

Assay results for four reverse circulation (RC) drill holes are pending, while nine of the 22 targets identified at Bassala, mainly in the north, are planned to be drilled after the wet season.

Mark Bolton, Managing Director of Panthera, said: “The drill assay results, which include our best results to date, expand the mineralisation further north which will be the focus of our drilling in the December quarter. This is also the area of most artisanal activity.

“The results from the deeper RC drilling are expected in October 2021 with further drilling planned at the Bassala and Kalaka Projects after the wet season.”

Earlier this month the company reported excellent gold mineralisation at the Labola Project in Burkino Faso, while in early September it revealed assay results from the air-core drilling at Bassala confirmed the presence of significant gold mineralisation.

Panthera shares are trading over 1% higher at 11.38p following the news.

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Sam is a trader and lead stock market writer at AskTraders. After starting his career in the forex market, Sam now focuses on stocks, specifically consumer staples.