Business
Significant New Gold Discovery at Labola
Significant New Gold Discovery at Labola.
About this update from Panthera Resources Plc
[{"type":"text","content":"\n \n \n 7 September 2022\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 Significant New Discovery at Labola - Cascades Project\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 announce the Labola assay results from the June 2022 drilling programme completed by Moydow. The Project has an Indicated Mineral Resource of 264,000oz @ 1.52g/t Au and an Inferred Mineral Resource of 371,000 oz @ 1.67 g/t Au. Going forward, the Labola project has been renamed the Cascades\n \n Gold Project (\"Cascades\" or \"the Project\"). \n \n \n \n \n \n \n \n \n \n Highlights\n \n \n \n \n \n \n ·\n The Cascades Gold Project comprises the contiguous Wuo Land and Wuo Land 2 licences for 243 square kilometres\n \n \n ·\n A maiden Mineral Resource estimate was announced in 2021 on Wuo Land\n \n \n ·\n R\n esults\n from\n the recent drilling at the Cascades Gold Project\n have\n confirmed\n the presence of\n a significant new gold zone at the\n TT-13 target. Assay results include: \n \n \n CS22-RC027 45-55m, 10m@ 1.55 g/t Au\n \n \n CS22-RC028 25-29m, 4m@ 2.10 g/t Au\n \n \n CS22-RC028 38-54m, 16m@ 1.26g/t Au\n \n \n CS22-RC029 27-36m, 9m @ 1.08 g/t Au\n \n \n CS22-RC029 56-66m, 10m@ 1.81g/t Au\n \n \n ·\n Infill drilling has added definition to the geological model with high-grade mineralisation intersecting in the Western Zone. Assay results including 3 metres @ 12.52g/t Au\n \n \n ·\n The geology team is continuing to upgrade more than twenty new targets for future drilling\n \n \n ·\n Environmental baseline studies have commenced, and a new CSR program launched including the drilling of the first community water well in the Project area\n \n \n ·\n Recent metallurgical test work confirms that the gold is free milling\n \n \n \n \n \n \n \n Commenting on the announcement, Mark Bolton, Managing Director of Panthera said:\n \n \n \n \n \n \n \"The discovery at TT13, just one of many untested drill targets at the Cascades Project, reinforces our confidence in being able to deliver a substantial gold resource here in due course. \n \n \n \n \n \n \n \n \n \n The recent exploration campaign was professionally executed ...