Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.
Panthera Resources (LON: PAT) said on Tuesday that its assay results for the recent drilling at Paimasa, Nigeria, will be delayed while certain samples are “subject to re-assay by accelerated cyanide leach (LeachWell).”
The gold exploration and development company stated that the decision to re-assay many of the samples reflects anomalies between the fire assays and specific check assays performed with Leachwell.
“The Leachwell sample size is considerably larger and should provide a more reliable assay where there is a coarse gold fraction,” Panthera said in a statement released on Tuesday morning.
Despite the delay, Panthera's share price has been little moved, up just 0.05% at 13.75p. However, it is down 58% for the year to date after starting 2021 priced at 34p.
Panthera Resources shares are traded on the London stock exchange's AIM market (the alternative investment market), which is the submarket specifically for smaller companies. AIM stocks are attractive to investors as they have tax advantages and smaller companies have the potential to benefit from rapid growth. But are Panthera Resources shares the best buy? Our stock market analysts regularly review the market and share their picks for high growth companies
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