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Panthera Resources Plc
Summary
| Project: | Naton | |
|---|---|---|
| Deposit: | Naton | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 8/14/2018 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-8-2018: Panthera Resources Plc announces an Exploration/Drilling Update report for its Naton deposit at the Naton project. Drilling results incl. 8.0m @ 4.76g/t Au from 66m. Panthera Resources PLC (AIM: PAT), the gold exploration and development compan | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Antony Truelove (Internal) | |
| ABSTRACT: | Panthera Resources PLC (AIM: PAT), the gold exploration and development company with assets in India and West Africa, is pleased to provide results of the recent reverse circulation ("RC") drilling activities at the Naton Project in southern Burkina Faso. The Company has tested the Somika Hill target with three drill holes over about 900m of strike. The Kaga and Bido veins have only had a single hole drilled into them as part of this programme and hence remain open in all directions. The Somika East target is a virgin discovery without any previous artisanal activity and the site has also only been tested by a single drill-hole after it was identified via soil sampling. The drill programme has been very successful in upgrading the Kaga Vein, Bido Vein and Somika East targets, with these all requiring additional drill testing to ascertain size potential. The resulting grades have shown positive results with over 3g/t Au being returned from each target and up to 32.3g/t Au as a best result. Much of the better mineralisation at each of these targets appears to be associated with sulphide alteration rather than quartz veins suggesting that Induced Polarisation ("IP") may be a good exploration tool and useful in the targeting of future drilling locations. | |
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