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Panthera Resources PLC - gold exploration and development company with assets in West Africa and India - On Thursday reports final assay results from aircore drilling at Bassala gold project. Says results confirm presence of "additional" significant gold mineralisation in the northern part of the project area, where an intercept of 20 metres at 2.11 grams per tonne gold from 10 metres was returned, including 10 metres at 3.79 grams per tonne gold from 20 metres. Assays for four reverse circulation drill holes are pending, and the remaining nine of the 22 targets identified at Bassala to be drilled after the wet season.
"These assay results continue to expand the mineralised area at Bassala, with mineralisation at all targets drill tested to date confirming that our targeting techniques are effective. Good grade mineralisation has now being shown over a strike of some 5.5 kilometres," says Managing Director Mark Bolton.
Current stock price: 10.75 pence, down 4.4% on Friday
Year-to-date change: down 67%
By Lucy Heming;Â lucyheming@alliancenews.com
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