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Panthera Resources PLC on Friday announced the ‘positive’ drilling results from its projects in West Africa at a time of strong gold performance. Based in London, Panthera is a gold exploration and development company owning multiple assets across India and West Africa, the latter being the current largest gold producing region in the world. In Mali, Panthera Resources has found 0.54 grammes of gold per tonne at its Kalaka project. Drilling has confirmed that the Kalaka K1A prospect spans at least 150 meters in true width and reaches a vertical depth of 240 meters. The company has also found 4.45 grammes of gold per tonne at its Bido project in Burkina Faso Managing Director Mark Boldon said: ‘The recent positive metallurgical results and strong gold price performance in 2024 bodes well for the development potential at Kalaka. ‘At the Bido project, two prospects were drill tested, reporting gold mineralisation in oxidised zones with significant alteration. Both Beredo-Kiekouyou and Somika are extensive gold systems which have significant along strike and down dip potential which should be followed up with further drill testing.’ Panthera Resources share price was down 4.7% at 6.67 pence in London on Friday afternoon. Copyright 2024 Alliance News Ltd. All Rights reserved.
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