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Drilling Commences at Kalaka
Drilling Commences at Kalaka.
About this update from Panthera Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9649S\n Panthera Resources PLC\n 19 November 2021\n \n \n \n \n 19 November 2021\n \n \n \n \n \n \n \n \n Panthera Resources Plc\n \n \n (\"Panthera\" or \"the Company\")\n \n \n \n \n \n Drilling Commences at Kalaka Project\n \n \n \n \n \n Panthera Resources Plc (AIM: PAT), the diversified gold exploration and development company with assets in West Africa and India, is pleased to announce that drilling has commenced at the Kalaka Project in Mali for a planned 2,500 metre air-core (AC) drilling programme. Kalaka is held by our associated company, Moydow Holdings Ltd.\n \n \n \n \n \n Highlights\n \n \n · \n 2,500 metre AC drill programme commenced at Kalaka\n \n \n · \n Up to five of the twenty targets identified will be drill tested\n \n \n · \n Drill targets have been selected on their potential to host higher grades\n \n \n · \n Assay results expected from late December 2021\n \n \n \n \n \n Commenting on the announcement, Mark Bolton, Managing Director of Panthera said:\n \n \n \n \n \n \"Significant low grade gold mineralisation has previously been identified at the Kalaka Project, with drill intercepts of 249.3m @ 0.54g/t Au from 52m (to end of hole) including 8m @ 3.17g/t Au from 107m at the K1A prospect. \n \n \n \n \n \n This mineralisation has a strong Induced Polarisation (IP) chargeability high associated with it due to disseminated sulphides in the alteration zone.\n \n \n \n \n \n Recent extensions to the IP survey have resulted in 20 other chargeability anomalies being identified and up to five of these will be tested in the current drilling programme. \n \n \n \n \n \n One of the strongest chargeability responses occurs at Target 1 which is slightly offset from a large zone of artisanal workings targeting the base of laterite over a 1000m by 200m area. This will be the first drilling into either the area of workings or the chargeability high, so results will be eagerly awaited. \n \n \n \n \n \n Target 2 is a northerly offset continuation of Target 1. The other targets being testing will include Target 5 and possibly Targets 3 and 4 depending on the depth of the drill holes.\"\n \n \n \n \n \n A PDF version of the announcement, inclusive of images, can be found on the...