Panthera Resources Plc ( LON:PAT ), the diversified gold exploration and development company with assets in West Africa and India, has announced that drilling has been completed at the Bassala Project in Mali and samples despatched for assay.
· 8,546 metre air core (AC) drill programme completed in 152 drill holes
· 5m composite samples have been despatched for assay
· All geochemical and chargeability targets have now been drilled with shallow AC to the base of weathering
· Assay results are expected on or about the end of January 2022 Commenting on the announcement, Mark Bolton, Managing Director of Panthera said:
“The previous drilling at Bassala returned excellent results including 10m @ 3.79g/t Au from 20m and 10m @ 3.45g/t Au from 60m, suggesting potential for significant, moderate to high-grade gold mineralisation. That programme only tested the southern and central parts of the current tenement.
The current programme included the northern part of the tenement where most of the artisanal mining activity occurs and where we believe drilling will delineate further gold mineralisation.
The current drilling is essentially “geochemical drilling” and only targeted the upper weathered zone with very broad line spacing. The next step, once the current assay results are received, will be to test the known mineralisation with deeper and closer spaced RC drilling, aimed at defining resource drill-out targets.” Project Background
The Bassala project is located within a highly gold endowed Birimian volcano-sedimentary belt in southwestern Mali, approximately 200km south of the capital city Bamako.
The belt hosts the Kalana (Endeavour Mining, 4Moz) and Kodieran (Wassoul’or, 2Moz) gold mines, both within a few kilometres of the Bassala project. The adjacent belt to the west is also well endowed with gold and hosts the Siguiri (AngloGold Ashanti (“AngloGold”), 17Moz), Tri-K (Avocet Mining, 3Moz), Kobada (African Gold Group, 3Moz), and Yanfolila (Hummingbird Resources, 2Moz) gold mines.In the second half of 2020, the Company recommenced exploration activity at Bassala with the results of gold in soil and ground magnetic surveys announced on 26 March 2021. These surveys confirmed that two major anomalous gold trends are present, a 9 kilometre long north-northeast trending zone and a second, cross-cutting, 3 kilometre northwest-trending zone. These zones appear to be continuations of significant regional mineralisation trends.Following the successful gold in soil and ground magnetic surveys, the Company initiated an IP survey, with the results announced on 10 June 2021. The IP survey confirmed the previous […]