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Panthera Resources PLC on Monday announced that the Bassala Project drilling programme, completed in July 2022, has delineated five significant prospects.
Panthera are a London-based gold exploration and development company with assets in Africa and India.
The most significant of the five prospects is Tabakorole Prospect, with a 2 kilometre strike length with drilling having identified ‘wide zones of mineralisation’.
The 2022 drill programme comprised 2,601 metres reverse circulation drilling in 23 drill holes and 3,030m air-core geochemical drilling completed in 50 drill holes
Significant silica-chlorite-sulphide alteration and associated quartz veining were observed for most targeted intervals.
The Bassala project is located within the highly gold-endowed Birimian volcano-sedimentary belt in southwestern Mali, the company said.
The next phase of the Bassala project will involve detailed infill reverse circulation drilling to identify potential resources.
Managing Director of Panthera Mark Bolton commented: ‘We are pleased with the results of the recent drilling at Bassala with five prospects identified for follow-up infill drilling. In particular, at the Tabakorole Prospect, a significant mineralised structure has been delineated over more than two kilometres.’
Shares in Panthera closed 1.9% lower at 6.72 pence each in London on Monday.
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