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Panthera Resources PLC - Africa and India-focused gold miner - Completes drilling at Bassala project in Mali. It says it has completed 2,601 metres of reverse circulation drilling in 23 drill holes, and 3,030 metres of air-core drilling in 50 drill holes. The company says samples have been submitted to the SGS laboratory in Bamako with results expected later this month.
Managing Director Mark Bolton says: ‘The project has been accelerated from a grassroots prospect through a gold in soil and geophysics survey. The Basala project has a large number of mineralised targets with three areas prioritised for follow-up AC/RC drilling in this programme. Logging of drill cuttings has observed strong quartz veining and alteration - sulphide or limonite after sulphide, chlorite and silica. We look forward to the assay results expected later in the quarter.’
The Bassala project is located within the Birimian volcano-sedimentary belt in southwestern Mali, about 200 kilometres south of the capital city Bamako.
Current stock price: 6.00 pence, up 4.3% on Friday
12-month change: down 66%
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