Fast-Tracks Exploration Work On Back Of Positive Results
Panthera Resources Plc (AIM: PAT) has completed soil sampling at its Bassala Project in Mali.
Managing Director, Mark Bolton, said that given the positive results, the company has fast-tracked the next phase of exploration. In this regard and following the outstanding success in defining drill targets at the Kalaka project, an Induced Polarisation (IP) survey has commenced this week at Bassala
Highlights:
Soil sampling programme completed, with a total of 1,200 samples collected
Results confirm that two major gold anomalous trends are present, one 9km long north-northeast trending zone plus a second, cross-cutting, 3km long northwest trending zone, with assay results up to 4,030ppb Au (4.03g/t Au).
These zones appear to be continuations of regional mineralisation trends
Very broad spaced rotary air blast (RAB) drilling by previous explorers has confirmed significant gold mineralisation within these zones with results including 21m @ 1.15g/t Au from 15m from near the intersection of the two trends
IP survey has been initiated covering these two gold anomalous trends
“The excellent soil sampling results, almost within sight of the headframe of two-plus 2Moz gold mines, is encouraging. The fact that previous very broad spaced shallow RAB drilling has confirmed significant gold mineralisation beneath the soil anomalism significantly adds to the emerging picture of a potentially substantial gold system,” Mr Bolton said,
“The success of the recent IP survey at our Kalaka project has resulted in the geophysical crew being re-located to this project in order to firm up drill targets for testing. Results from the IP survey are eagerly awaited, and preliminary planning has commenced securing a suitable drill rig to test the better targets at Bassala.”
The Bassala gold project is located in southern Mali, approximately 200km south of the capital city Bamako and within seven kilometres of the large Kodieran and Kalana gold mines.
The soil sample results received to date confirm the regional interpretation and show two main anomalous trends – a 9km north-northeast to north-south trend (which is also supported by trends of artisanal workings) and a northwest trend.
