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10000m Drilling Programme Commenced at Cascades
10000m Drilling Programme Commenced at Cascades.
About this update from Panthera Resources Plc
[{"type":"text","content":"\n \n \n 13 February 2023\n \n \n \n \n \n \n Panthera Resources Plc\n \n \n \n (\"Panthera\" or \"the Company\")\n \n \n \n \n \n \n 10,000 Metre Drilling Programme Commenced at Cascades\n \n \n \n \n \n \n Gold exploration and development company Panthera Resources Plc (AIM: PAT), with assets in West Africa and India, is pleased to advise that its joint venture partner DFR Gold Inc (\"DFR\") has commenced a 10,000 metre drilling program (the \"Drilling Program\") on the Cascades Project in Burkina Faso, West Africa.\n \n \n \n \n \n The Drilling Programme will be in two phases. The first 5,000 metres target extensions to the current resources and several new targets:\n \n \n • Two newly defined targets immediately north and southwest of the Daramandougou resource pit shell respectively;\n \n \n • Step-out drilling on the TT13 target, a significant new gold zone identified during 2022; and\n \n \n • First-pass drilling on several other newly delineated targets in the Wuo Land 2 licence area.\n \n \n \n \n \n Phase two will be a results-driven follow-on program targeting the highest priority results from the first phase.\n \n \n \n \n \n Previously, in 2021, DFR prepared a maiden mineral resource estimate on the property in accordance with the provisions of the Canadian National Instrument 43-101 - \"Standards of Disclosure for Mineral Projects\" (\"NI 43-101\") (see the Company's RNS dated 25 October 2021):\n \n \n \n \n \n Indicated mineral resource estimate: 5.41Mt @ 1.52g/t Au (264,000oz)\n \n \n Inferred mineral resource estimate: 6.93Mt @ 1.67g/t Au (371,000oz)\n \n \n \n \n \n A PDF version of the announcement, inclusive of images, can be found on the Company's website or by following the link below:\n \n \n \n \n \n \n http://www.rns-pdf.londonstockexchange.com/rns/6972P_1-2023-2-13.pdf\n \n \n \n \n pantheraresources.com/news/regulatory-news/\n \n \n \n \n \n \n \n Cascades Project Exploration\n \n \n \n \n \n \n The Cascades Project lies in the Banfora Birimian Greenstone Belt, one of the three major mineralized belts in western Burkina Faso. Gold mineralization at the Cascades Project is spatially associated with sulfides and quartz sericite alteration. Following the addition of the Wuo Land 2 license to the project in early-2022 an extensiv...