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Kalaka

Mark Bolton, Managing Director of Panthera, commented:

"These results confirm the effectiveness of the IP technique for exploration at Kalaka. Overall, the results reinforce our view that the project hosts a very large gold system.

It just feels wrong IMO

CONT



Soil sampling undertaken by previous explorers defines several gold-in-soil targets but appears to be limited to the areas of in-situ stage 1 laterite or areas of erosion. Thus, whilst surface geochemistry may be used for targeting, the lack of geochemical anomalism cannot be used to discount areas of interest.



The Kalaka Project interest is held by our associated Company, Moydow Holdings Limited (Moydow). Moydow is earning an 80% interest in Kalaka the Project. Panthera holds a 45.8% equity interest in Moydow.



IP Survey



Induced Polarisation (IP) is a geophysical technique that consists of transmitting an electric current into the ground and measuring the electric potential field between two electrodes. This provides a direct measure of the resistivity of the substrate. In the particular application used, which is time-domain IP, the measurements of this induced electric field are continued after the current is switched off, providing a measure of the decay in voltage over time which measures the chargeability of the substrate.



It is known that disseminated sulphides create a high chargeability response and thus the technique can act as a direct measure of the amount of disseminated sulphides in the substrate. It should be noted that other factors can also create a chargeability high, such as saline groundwater and some clays, but these generally have a lower response than disseminated sulphides.



Some rocks such as quartz veins, silica alteration and some highly siliceous felsic units tend to be highly resistive and hence will show up as resistivity highs. Conversely, some units tend to be very conductive (for example graphitic shists and shales) and these will thus return a very low resistivity response. The inverse of resistivity is often shown as a conductivity plot to highlight these very conductive lithologies.



The IP method can thus be used to examine and map out bedrock units, some structure and alteration/mineralisation, even beneath the transported cover, albeit gold association with such mineralisation can only be proven with follow-up drill testing.



A total of 168.3 line kilometres of IP (gradient array) survey has been completed at the Kalaka Project, covering the majority of the known targets in the southern part of the tenement. This part of the tenement was chosen as it was interpreted that soil sampling is largely ineffective here, there are two areas of extensive artisanal mining activity in the south of the licence, and previous work, by previous explorers, has highlighted considerable areas with low order gold mineralisation in RAB and Aircore drill holes.



Results of the survey are very encouraging, with eight main chargeability anomalies identified along with several other anomalies on the edge of the survey area that require additional surveying to accurately define their extents. Importantly, the IP anomalies incorporate the K1A prospect which close

Thu, 11th Mar 2021 07:00

RNS Number : 9226R
Panthera Resources PLC
11 March 2021

11 March 2021



Panthera Resources Plc

(Panthera or the Company)



High Priority Geophysical Targets Outlined at Kalaka



Panthera Resources Plc (AIM: PAT), the diversified gold exploration and development company with assets in West Africa and India, is pleased to report that Moydow Holdings Limited ("Moydow") has completed an Induced Polarisation (IP) survey at the Kalaka project in Mali which returned eight high priority drill targets.



Highlights

· IP programme completed with 168 line kilometres surveyed

· Eight priority targets identified with a combined strike length of over 9km

· Many targets report higher chargeability responses than the K1A prospect

· The IP targets include the large area of associated artisanal workings in the south of the tenement

· The survey highlighted further anomalies at the survey edge with continuity to be assessed by an additional survey

· Multiple drill targets have been identified with a work programme and budget being prepared for consideration



Mark Bolton, Managing Director of Panthera, commented:



"These results confirm the effectiveness of the IP technique for exploration at Kalaka. Overall, the results reinforce our view that the project hosts a very large gold system.



The high chargeability zone adjacent to the southern artisanal workings is particularly exciting as this was identified as a high priority target before these survey results emerged. The anomaly also appears to crosscut the general stratigraphy, suggesting it is structurally controlled and is located in an interpreted structurally complex zone within a pressure shadow of an interpreted intrusion, often an excellent setting to host gold mineralisation.



At K1A, the IP has highlighted the opportunity for a significant extension to the existing mineralised zone with further new targets identified nearby."



A PDF version of the announcement, inclusive of images, can be found on the Company's website or by following the links below:



http://www.rns-pdf.londonstockexchange.com/rns/9226R_1-2021-3-11.pdf

www.pantheraresources.com/news/regulatory-news/



Overview



The Kalaka project is located in southwest Mali, approximately 220km southeast of the capital city Bamako, 55km south of the plus 7Moz Morila Gold Mine (Firefinch) and 85km northwest of the plus 6Moz Syama Gold Mine. It occurs within a Palaeoproterozoic (Birimian) Greenstone belt and is situated along the regional scale Banifin Shear Zone, a major, continental-scale zone of deformation that can be traced from the Neoproterozoic cover rocks in the northeast to at least the Ivory Coast border.



Within the tenement area, the main geological units are metasediments and granodioritic to dioritic intrusions, with minor felsic schists. The majority of the tenement is covered by up to three genera

I’m expecting PAT to begin the inevitable re rate as things will move fast when all in sundry arrive for the MRE, remember it’s not deep drilling and as far as I recall it’s only 3000 metered so at say a hundred meters a day ( please advise if more knowledgable ?) would be around a week to a week and a half for drilling to be completed then off to the labs so it’s not long .

We may also get a taster earlier . This could blow anytime when you add Kalaka !!!

Based on the previous drilling however, an Exploration Target of 15-30Mt grading between 1 and 1.5g/t Au (0.5 to 1.5Moz gold)

Labola for newbies

https://pantheraresources.com/projects/labola/

It’s all about labola with the rest of the west African projects to follow.

In the old Greatland today .

Got that look

Munch munch

Market wakening up

Lively , bodes well.

Good luck with that buy josh , although you don’t need it as this is a minute cap 7 all company makers gold plays company in safe jurisdictions in west Africa , we have an MRE on the way from our labola play 1m oz expected with the guys reckon on this BB 60-£1.30 on the RNS , it’s shallow gold so shouldn’t take long .

Lovely

Thanks Prof for input , if you feel well enough please the post your labola figures showing the 1m oz MRE SP

PS I’m organising funds for a punchy buy btw

Cheers Buddy

Is a game changer on top of the game changing labola MRE , many game changers on top of these to come ad Kalaka =multi bag