Business
Barberton Mines Completed Drilling Programme
Barberton Mines Completed Drilling Programme.
About this update from Pan African Resources Plc
[{"type":"text","content":"\n \n Pan African Resources PLC\n (Incorporated and registered in England and Wales under the Companies Act 1985 with registered number 3937466 on 25 February 2000)\n Share code on AIM: PAF\n Share code on JSE: PAN\n ISIN: GB0004300496\n ADR ticker code: PAFRY\n (“Pan African” or the “Company” or the “Group”)\n PAN AFRICAN SUCCESSFULLY EXPLORES EXTENSIONS OF ITS WORLD CLASS ORE BODIES AT BARBERTON MINES WITH A RECENTLY COMPLETED UNDERGROUND DRILLING PROGRAMME\n HIGHLIGHTS\n \n A total of 68 underground diamond core boreholes drilled, with approximately 7,000 metres of drilling\n High-grade intersections at down-dip extensions to orebodies at Fairview, Sheba and Consort Mines, reefs remain open at depth\n Grades of up to 184g/t over 0.85m at Sheba Mine intersection, with free gold visible in core samples and development ends\n Exploration results will inform and enhance the Group’s Mineral Resource and Reserve estimates - updates to be presented with the Company’s annual results on 14 September 2022\n Enhanced geological understanding will support additional drilling programmes in future years\n \n In recent years, Pan African has increased its exploration focus on the down-dip extension of the existing ore bodies at its Barberton Mines. During the Company’s 2020 financial year, Barberton Mines conducted diamond core drilling in excess of 8,700m, increasing to over 9,000m in the 2021 financial year. Specific focus was placed on near mine infill drilling, as well as down-dip Reserve delineation drilling of the available underground Mineral Resources.\n Pan African is pleased to advise shareholders that drilling into the down-dip extents of the ore bodies yielded successful and significant high-grade drilling results, with visible gold in several drill intersections and development ends.\n Cobus Loots, CEO of Pan African, commented: ”Our continued focus on increased Resource and Reserve delineation through systematic exploration programmes has again yielded excellent results and improved our geological understanding of our Barberton operations, demonstrating the extent and quality of our world-class, long-life orebodies. We look forward to reporting continued success with our exploration programmes at Barberton and at our Evander Mines”.\n Fairview Mine\n \n Mining on multiple reef platforms, increased mining widths and high averag...