RNS9 Feb 2021 07:56
Fantastic news.
Panthera Resources Plc
(Panthera, PAT or the Company)
High-Grade Soil Anomalies at Bido
Panthera Resources Plc (AIM: PAT), the diversified gold exploration and development company with assets in West Africa and India, is pleased to report exceptionally high-grade gold in soil anomalies from the recently completed sampling programme at its Bido project in Burkina Faso, West Africa. PAT is earning up to 100%, ex any government interest, in the Bido project.
Highlights
· Survey completed with 1,166 soil samples collected on lines 200m part with samples every 50m along lines, together with assays
· Several high-grade gold in soil assays received including some individual, point samples:
- 26,500ppb Au (26.5g/t Au)
- 16,700ppb Au (16.7g/t Au)
- 4,150ppb Au (4.15g/t Au)
- 3,720ppb Au (3.72g/t Au)
- 3,060ppb Au (3.06g/t Au)
- 2,100ppb Au (2.1g/t Au)
· Identified a northwest-trending zone approximately 2,500m long that is contourable at 32ppb Au with a 1,600m core area that is contourable at 64ppb Au
· New gold rush by artisanal miners identified north of the recent sampling area at Beredo prospect
Mark Bolton, Managing Director of Panthera, commented:
"The survey results are excellent and confirm that this area has the potential for high-grade mineralisation.
The next stage of work will involve infilling gold in soil sampling of some of the better anomalies, detailed geological mapping and rock chip sampling, and possibly some trenching and geophysics. Subject to these results, we anticipate a drilling programme mid-2021."