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Drilling Completed at Labola
Drilling Completed at Labola.
About this update from Panthera Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 6478I\n Panthera Resources PLC\n 13 August 2021\n \n \n \n \n \n \n \n 13 August 2021\n \n \n \n \n \n Panthera Resources Plc\n \n \n (\"Panthera\" or \"the Company\")\n \n \n \n \n \n Drilling Completed at Labola\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 the Reverse Circulation (RC) drilling programme at the Labola (Wuo Land) Project in Burkina Faso, by its associate company Moydow Holdings limited (\"Moydow\"), has now been completed. \n \n \n \n \n \n Highlights\n \n \n · \n A total of 4,740 metres of RC drilling has been completed in 31 drill holes including:\n \n \n · \n 2,905m twin drilling in 19 drill holes\n \n \n · \n 1,114m infill drilling in 7 drill holes\n \n \n · \n 721m exploration drilling in 5 drill holes\n \n \n · \n Programme undertaken with a view to reporting a maiden resource estimate \n \n \n \n \n \n The programme has been completed on schedule and without any safety or security issues arising. \n \n \n \n \n \n Full assay results are pending with results anticipated on or about the end of the quarter. In conjunction with this work, a NI43-101 report is currently being compiled, which subject to the drill assay results, is expected to be published in the fourth quarter of 2021.\n \n \n \n \n \n Technical Details\n \n \n \n \n \n The Labola (Wuo Land) gold project is located in southern Burkina Faso, approximately 380km southwest of the capital city Ouagadougou. The area is located within the Banfora Greenstone Belt, comprised dominantly of Birimian aged metasediments with lesser metavolcanics and felsic intrusions. Previous historical drilling and historical artisanal mining has demonstrated continuity of mineralisation within two of the three zones over strike lengths of up to 9 km. The artisanal workings appear to be targeting high-grade shoots within individual quartz veins that are located within an extensive zone of shearing, sheeted to stockwork quartz veining and silica-sulphide alteration.\n \n \n \n \n \n Previous explorers have completed 65,556m RAB/RC/DD drilling in 541 drill holes. That work has outlined numerous extensive zones of gold minerali...