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Maiden Mineral Resource at Labola
Maiden Mineral Resource at Labola.
About this update from Panthera Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0741Q\n Panthera Resources PLC\n 25 October 2021\n \n \n \n \n 25 October 2021\n \n \n \n \n \n Panthera Resources Plc\n \n \n (\"Panthera\" or \"the Company\")\n \n \n \n \n \n Maiden Mineral Resource at Labola 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 a maiden mineral resource estimate (MRE) for the Labola Gold Project (Labola or the Project). The MRE has been prepared by the Company's associate, Moydow Holdings Limited (Moydow) in accordance with National Instrument 43-101 (\"NI 43-101\").\n \n \n \n \n \n Highlights\n \n \n · \n Indicated mineral resource estimate: 5.41Mt @ 1.52g/t Au (264,000oz)\n \n \n · \n Inferred mineral resource estimate: 6.93Mt @ 1.67g/t Au (371,000oz)\n \n \n · \n Three mineralised zones have been outlined from the various drilling programs and each zone is open in all directions. Extensive target generative work demonstrates many opportunities for resource expansion which include: extensions to the current pit constrained resources; zones with only widely spaced drilling; extensions of known mineralised zones with no drilling; untested artisanal sites and potentially new mineralised zones. \n \n \n · \n Significant exploration program planned for 2022 - focus on resource expansion opportunities to produce an updated MRE and completion of a Preliminary Economic Assessment (\"PEA\"). \n \n \n · \n Preliminary metallurgical results from historical metallurgical samples, supported by extensive LeachWELL data from Moydow drilling samples, indicate that gold is readily treatable by conventional cyanide leaching techniques. \n \n \n \n \n \n Commenting on the announcement, Mark Bolton, Managing Director of Panthera said:\n \n \n \n \n \n \"The completion of the maiden mineral resource estimate is an important milestone for the Company as it seeks to transition from explorer to developer. The resource announced today is just the beginning, ahead of an intensive exploration programme planned in 2022. The project has over 30km of known strike length along the three mineralised zones and many walk-up drill targets which will enable rapid resource expansion. \n \n ...