TIDMPAT
RNS Number : 3892P
Panthera Resources PLC
09 October 2023
9 October 2023
Panthera Resources Plc
("Panthera" or "the Company")
Kalaka Project Drilling Assay Results
Panthera Resources Plc (AIM: PAT), the diversified gold
exploration and development company with assets in West Africa and
India, is pleased to announce the assay results from the recent
drilling programme at the Kalaka Project in Mali, details of which
were announced by the Company on 21 August 2023.
Highlights
-- Drill assay results (based on 2m sampling intervals) include:
o 76 metres at 0.53 g/t Au (includes 10 metres at 1.16 g/t Au)
in hole KRC_23_005
o 34 metres at 0.50 g/t Au in hole KRC_23_006
o 85 metres at 0.52 g/t Au in hole KRC_23_007 (includes 12
metres at 1.62 g/t Au to End of the hole)
-- Completed 8 reverse circulation ("RC") drill holes for 705 metres.
-- Completed drill holes to complement existing diamond and
reverse circulation drilling at the K1A mineralisation - twin hole
results comparable with historical drill holes assays.
-- Programme interrupted due to heavy rain with the proposed
northern exploration holes currently untested.
A PDF version of the announcement, inclusive of images, can be
found on the Company's website or by following the link below:
http://www.rns-pdf.londonstockexchange.com/rns/3892P_1-2023-10-9.pdf
pantheraresources.com/news/regulatory-news/
Background
Panthera and DFR Gold Inc (DFR) each have 40% interest in Kalaka
held through their interest in Maniger Ltd. The remaining 20%
interest is owned by a local partner, Golden Spear Mali SARL.
Panthera is the operator of the project.
The project is located in southeast Mali, between Morila and
Syama gold mines and is approximately 260 km southeast of Bamako.
It lies approximately 80 km south of the Morila gold mine (8m oz)
and 85 km northwest of Resolute's Syama gold mine (6m oz) and is
situated adjacent and to the east of the regional Banifin Shear
Zone.
Modern exploration has included airborne geophysical surveys,
soil sampling, structural interpretations, geological mapping, and
drilling activities. This has included diamond (DD), air core (AC),
reverse circulation (RC) and Rotary Air Blast (RAB) drilling.
During 2021 Panthera completed 2,430m of shallow AC drilling. On
the K1A prospect multiple intersections exceeding 150m at 0.5 g/t
have been identified by Diamond and RC drilling.
The primary mineralisation at the K1A prospect, is associated
with an intrusive tonalite / micro granodiorite in contact with
altered metasediments. The alteration envelope is dominantly
characterised by silica-feldspar flooding and sulphide
mineralisation . Elsewhere there are also numerous artisanal
workings within the Kalaka tenement, mainly targeting eluvial
gold.
Drilling Results
The company has completed 8 reverse circulation drill holes for
705 metres advance at the K1A Prospect at the Kalaka Project in
Mali. Fire assay results have been received for all samples
submitted to the SGS Laboratory located in Bamako.
Significant mineralisation was intersected in the drilling at
the K1A prospect, including in KRC_23_007 12 metres to the end of
the hole grading 1.62 g/t Au. Mineralisation seen in the new
drilling is comparable to historical drilling in the two drill
holes drilled for comparison purposes. The twinned holes were as
follows:
-- historical hole K1RC4 to current hole KRC_23_006; and
-- historical hole K1ARC028 to current hole KRC_23_007.
Table 1 below lists significant gold intersections.
Table 1
Interval m From
HOLE_ID (m) To m To Au g/t
--------------- ----------- -------- ------ --------
KRC_23_002 60 18 78 0.31
inc 10 54 64 0.62
inc 2 54 56 1.41
KRC_23_003 31 30 61 0.20
KRC_23_004 60 4 64 0.31
inc 34 12 46 0.40
KRC_23_005 76 6 82 0.53
inc 10 18 28 1.16
and 22 34 56 0.55
KRC_23_006 74 4 78 0.38
inc 34 14 48 0.50
Compare Historical hole K1RC4 to KRC_23_006
--------------------------------------------------------
K1RC4 85 10 95 0.58
KRC_23_007 85 10 95 0.52
inc 12 38 50 0.74
and 10 56 66 0.55
and 12 82 94 1.62
Compare Historical hole K1ARC028 to KRC_23_007
--------------------------------------------------------
K1ARC028 74 4 78 0.61
The following table lists the completed drill holes:
Table 2
mE mN BH_ID AZ DIP RL EOH TYPE
------ ------- ---------- --- --- ------ ---- ----
743669 1233498 KRC_23_010 120 -60 335 120 RC
743015 1232840 KRC_23_002 120 -60 334 96 RC
743077 1232804 KRC_23_001 120 -60 334 120 RC
742960 1233062 KRC_23_003 120 -60 334 61 RC
743015 1233030 KRC_23_004 120 -60 334 53 RC
743065 1233005 KRC_23_005 120 -60 334 82 RC
743040 1233072 KRC_23_006 120 -55 335.1 78 RC
743030 1232970 KRC_23_007 120 -60 335.6 95 RC
TOTAL: 705m
All assays referenced here are for 50g Fire Assay analyses
performed by SGS Laboratories in Bamako. All samples reported here
were two-metre primary samples.
Contacts
Panthera Resources PLC +61 411 220 942
Mark Bolton (Managing Director) contact@pantheraresources.com
Allenby Capital Limited (Nominated Adviser
& Joint Broker)
John Depasquale / Vivek Bhardwaj (Corporate
Finance)
Guy McDougall / Kelly Gardiner (Sales
& Corporate Broking +44 (0) 20 3328 5656
Novum Securities Limited (Joint Broker) +44 (0) 20 7399 9400
Colin Rowbury
Subscribe for Regular Updates
Follow the Company on Twitter at @PantheraPLC
For more information and to subscribe to updates visit:
pantheraresources.com
Qualified Person
The technical information contained in this disclosure has been
read and approved by Ian S Cooper (BSc, ARSM, FAusIMM, FGS), who is
a qualified geologist and acts as the Qualified Person under the
AIM Rules - Note for Mining and Oil & Gas Companies. Mr Cooper
is a geological consultant to Panthera Resources PLC.
UK Market Abuse Regulation (UK MAR) Disclosure
The information contained within this announcement is deemed by
the Company to constitute inside information for the purposes of
Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations
2019/310. Upon the publication of this announcement via a
Regulatory Information Service ("RIS"), this inside information is
now considered to be in the public domain.
Forward-looking Statements
This news release contains forward-looking statements that are
based on the Company's current expectations and estimates.
Forward-looking statements are frequently characterised by words
such as "plan", "expect", "project", "intend", "believe",
"anticipate", "estimate", "suggest", "indicate" and other similar
words or statements that certain events or conditions "may" or
"will" occur. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors that could cause
actual events or results to differ materially from estimated or
anticipated events or results implied or expressed in such
forward-looking statements. Such factors include, among others: the
actual results of current exploration activities; conclusions of
economic evaluations; changes in project parameters as plans
continue to be refined; possible variations in ore grade or
recovery rates; accidents, labour disputes and other risks of the
mining industry; delays in obtaining governmental approvals or
financing; and fluctuations in metal prices. There may be other
factors that cause actions, events or results not to be as
anticipated, estimated or intended. Any forward-looking statement
speaks only as of the date on which it is made and, except as may
be required by applicable securities laws, the Company disclaims
any intent or obligation to update any forward-looking statement,
whether as a result of new information, future events or results or
otherwise. Forward-looking statements are not guarantees of future
performance and accordingly, undue reliance should not be put on
such statements due to the inherent uncertainty therein.
**ENDS**
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DRLEKLBBXBLXFBZ
(END) Dow Jones Newswires
October 09, 2023 02:00 ET (06:00 GMT)
Panthera Resources (LSE:PAT)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Panthera Resources (LSE:PAT)
Gráfica de Acción Histórica
De May 2023 a May 2024
