Business
Kalaka Drilling Programme
Kalaka Drilling Programme.
About this update from Panthera Resources Plc
[{"type":"text","content":"\n\n10 July 2023\n \nPanthera Resources Plc\n(\"Panthera\" or \"the Company\")\n \nKalaka Drilling Programme\n \nGold exploration and development company Panthera Resources Plc (AIM:PAT), with gold assets in West Africa and India, is pleased to advise that the Company and its joint venture partner, DFR Gold Inc (DFR) has commenced a drilling programme on the Kalaka Project in Mali (Drilling Programme).\n \nThe Drilling Programme will target extensions of the K1A prospect together with several new targets that extend to the north.\n• Two drill holes will complement existing diamond and reverse circulation (RC) drilling at the K1A mineralisation and be utilised for resource estimation and metallurgical testing; and\n• Step-out drilling on the northern two thirds of strike potential of this prospect targeting the untested interpreted geophysical mineral trend.\n \nA broad soil anomaly above 30 parts per billion (ppb) Au covers most of the metasediments on the tenement area and is estimated to offer significant opportunity for further discovery and extension to known mineralisation.\n \nThe programme of in-fill drilling at the K1A prospect, may, if results are positive, provide sufficient data to report a maiden Mineral Resource estimate under either JORC or NI43-101.\n \nMark Bolton, Managing Director of Panthera, commented:\n \n\"The Kalaka Project has large scale, low-grade gold mineralisation potential. Historical drilling consistently reported significant gold intercepts including Diamond hole K1AD002 (191.8m @ 0.52 g/t Au) and Reverse Circulation drill hole K1ARC028 (117m @ 0.59 g/t Au including 41m @ 1.02 g/t Au) at the K1A prospect. \n \nThe programme of in-fill drilling at the K1A prospect may also provide sufficient data to report a first Mineral Resource estimate. The drilling programme is expected to be completed this month with assay results expected in September 2023.\"\n \nA PDF version of the announcement, inclusive of images, can be found on the Company's website or by following the link below:\n \nhttp://www.rns-pdf.londonstockexchange.com/rns/4750F_1-2023-7-10.pdf\n\npantheraresources.com/news/regulatory-news/\n \nBackground\n \nKala...