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.
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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.