Bassala Drilling Identifies Five Prospects

RNS Number : 2421Y
Panthera Resources PLC
05 September 2022
 

5 September 2022

 

Panthera Resources Plc

("Panthera" or "the Company")

 

Drilling at Bassala Project Identifies Five Prospects

 

Gold exploration and development company Panthera Resources Plc (AIM: PAT), with assets in West Africa and India, is pleased to announce that the drilling programme, as announced as completed on 8 July 2022 at the Bassala Project in Mali has delineated five significant prospects at which drilling has identified wide zones of mineralisation.

 

Commenting on the announcement, Mark Bolton, Managing Director of Panthera said:

 

"Panthera's technical consultant visited the projects with our Mali technical team and carried out an on-the-ground assessment of the project data and the results of the recent drilling.  We were able to delineate at least 5 areas as prospects, the Tabakorole Prospect being a significant structure that we walked over a 2km strike length noting areas of old artisanal diggings, trends of vein rubble on the surface and drilling of near-surface targets having identified wide zones of mineralisation, the continuous nature of the structure over at least 2km is a significant target for mineralisation below the possibly depleted surface regolith profile

 

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.

 

The next phase at the Bassala project will comprise detailed infill RC drilling to identify potential resources."

 

Highlights

· Five significant prospects defined from initial and follow-up geochemical drilling campaigns

· The most significant prospect is the Tabakorole Prospect, with a 2km strike length with drilling having identified wide zones of mineralisation

· The 2022 drill programme comprised  2,601m reverse circulation (RC) drilling in 23 drill holes and 3,030m air-core (AC) geochemical drilling completed in 50 drill holes

· Significant silica-chlorite-sulphide alteration and associated quartz veining were observed for most targeted intervals

· Drill assay results (based on 5m composite sampling) include:

5 metres at 5.60 g/t from 40m

5 metres at 4.68 g/t from 10m

5 metres at 3.73 g/t from 35m

 

A PDF version of the announcement, inclusive of images, can be found on the Company's website or by following the link below:

 

http://www.rns-pdf.londonstockexchange.com/rns/2421Y_1-2022-9-5.pdf

pantheraresources.com/news/regulatory-news/

 

Introduction

 

The Bassala project is located within the 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.

 

Recently the Company completed its 2022 drill programme (collar and hole information as provided in Appendix 1). The programme was designed to follow up results of earlier drilling across the three separate areas previously termed the Bassala North, Bassala Central and Bassala South Sectors.  

 

Panthera is pleased to report that the program was completed ahead of schedule, on budget and without any safety incidents. Preliminary analytical results have now been returned and are discussed in the ground assessment of the project data and the results of the recent drilling section of this news release. The drilling analysis reported here is preliminary due to observed coarse gold.  Further test work is underway as discussed below in this news release.

 

Project Background

 

Previously, Panthera recommenced exploration activity at Bassala in the second half of 2020, (results of gold in soil and a ground magnetic survey announced on 26 March 2021) these surveys confirmed that two major gold anomalous trends occurred, a 9-kilometre-long north-northeast trending zone and a second, cross-cutting, 3-kilometre northwest-trending zone. These zones are interpreted by the company to be continuations of significant regional mineralisation trends. 

 

Following the successful gold in soil and ground magnetic surveys, the Company initiated an IP gradient array survey (results announced on 10 June 2021).  The IP survey confirmed the previous interpretations and identified:

· Several high-order chargeability highs

· Resistivity trends associated with artisanal gold diggings

· Many of the chargeability highs are also associated with geochemical anomalies and artisanal mining activity

 

Reflecting the positive results from the IP survey, the Company accelerated its drilling programme at Bassala, with an AC geochemical drilling program in 2021 as summarised below.

 

June 2021 Drilling (Panthera)

 

Reflecting the positive results from the gradient array IP survey (announced on 10 June 2021), the Company initiated its maiden drilling programme at Bassala. This was terminated in July 2021 due to the onset of the wet season with a total of 9,997m air core (AC) drilling completed in 164 drill holes and 392m reverse circulation (RC) drilling completed in 4 drill holes.

 

That work resulted in widespread gold mineralisation being identified in the very widely spaced drill traverses with better intercepts from the 5m composite sampling including:

 

· 20m @ 2.12g/t Au from 10m incl. 10m @ 3.79g/t Au from 20m

· 10m @ 3.45g/t Au from 60m incl. 6m @ 6.59g/t Au from 60m

· 5m @ 5.10g/t Au from 15m

· 5m @ 2.75g/t Au from 55m

· 45m @ 0.57g/t Au from 25m incl. 5m @ 2.53g/t Au from 40m

· 30m @ 0.88g/t Au from 20m incl. 5m @ 3.18g/t Au from 20m

· 20m @ 0.75g/t Au from 15m incl. 5m @ 1.92g/t Au from 15m

· 10m @ 0.96g/t Au from 35m incl. 5m @ 1.44g/t Au from 35m

· 25m @ 0.51g/t Au from 15m incl. 5m @ 2.07g/t Au from 20m

· 5m @ 1.98g/t Au from 40m

· 6m @ 1.59g/t Au from 70m (end of hole)

· 5m @ 1.41g/t Au from 35m (end of hole)

 

These were excellent initial results from the broad-spaced, drill pattern that only penetrated the base of weathering. Further details of this drilling may be found in the RNS' dated 24 August 2021, 10 September 2021 and 30 September 2021.

 

December 2021 Drill Results (Panthera)

 

Building on the excellent results from the June 2021 drilling programme, the Company continued the drilling programme after the wet season and the phase 2 programme (mainly situated in the northern part of the license area), consisting of 8,546m of drilling in 152 AC drill holes, was completed in late December 2021.

 

Assay results from this drilling included the following intercepts:

 

· 25m @ 0.87g/t Au from surface incl. 5m @ 2.96g/t Au from 10m

· 30m @ 0.25g/t Au from 15m incl. 10m @ 0.50g/t Au from 20m

· 2m @ >8.00g/t Au from 55m at end of hole (re-assays at 3.01, 8.40 and 1.06g/t Au)

· 5m @ 1.10g/t Au from 5m

· 15m @ 0.40g/t Au from 10m incl. 5m @ 0.77g/t Au

· 5m @ 0.89g/t Au from 30m

· 16m @ 0.90g/t Au from 40m at end of hole incl. 5m @ 2.58g/t Au from 40m

· 55m @ 0.29g/t Au from 5m at end of hole incl. 5m @ 1.05g/t Au from 30m

· 5m @ 2.45g/t Au from 5m

· 1m @ 0.42g/t Au from 50m at end of hole

· 5m @ 0.92g/t Au from 55m at end of hole

· 3m @ 0.68g/t Au from 15m at end of hole

· 5m @ 0.44g/t Au from 55m at end of hole

· 5m @ 1.19g/t Au from 35m

 

Other Historical Exploration and RAB Drilling

 

Whilst the licence hosts prolific artisanal mining activity, the only significant previous systematic exploration was undertaken by AngloGold Exploration (AngloGold or AGEX) during the period 2010-2011.  That work consisted of broad-spaced soil sampling at 800m x 100m spacing with limited infill to 400m x 50m and 200m x 50m spacing in selected areas.

 

AngloGold subsequently undertook broad-spaced RAB drilling over the main soil anomalies and a total of 3,111m was completed in 113 drill holes at an average depth of 27.5m.  The drilling identified significant mineralisation beneath the laterite cover, including:

· 21m @ 1.15g/t Au from 15m including 3m @ 4.52g/t Au from 33m

· 15m @ 0.56g/t Au from 3m to the end of the hole

· 3m @ 0.78g/t Au from 21m to the end of the hole

· 6m @ 0.49g/t Au from 39m to the end of the hole

· 3m @ 1.55g/t Au from 9m

· 3m @ 1.16g/t Au from surface

·

June 2022 Drilling Results and Project Review

 

Following the recent June 2022 drilling campaign, the Company's technical consultant for West Africa recently completed a site visit.  Together with our in-country technical team in Mali, a comprehensive assessment of the current drilling and previous drilling was carried out. The field assessment recognised at least five areas that the Company now categorises as prospects:

· Tabakorole Prospect

· Tabakorole East Prospect

· Djelikourou North Prospect

· Djelikourou South Prospect

· Tagoua Prospect

 

All five of the identified prospects have been identified via reinterpretation of drill hole analysis, geological logging reinterpretation and walking the prospects in addition to the reinterpretation of geophysical and soil geochemical data.  Discussion of the prospects and recent drilling results follows.

 

Tabakorole Prospect

 

The Tabakorole prospect has now been defined on a significant contiguous structure of at least 2km strike length with widths interpreted between 50m to 100m.  This is based on field observations of artisanal workings, the company's first phase of reconnaissance drilling and the recent follow-up June 2022 drilling campaign between the historical drilling, areas of artisanal diggings and trends of quartz vein rubble on the surface are noted.

 

Highlights of recent follow-up drilling included:

 

HOLE ID

METRES FROM

METRES TO

INTERVAL (M)

Au PPM

PROSPECT

BA-22-RC-022

40

60

20

0.91

Tabakorole Prospect

BA-22-RC-016

90

100

10

0.73

Tabakorole Prospect

BA-22-AC-361

0

15

15

0.22

Tabakorole Prospect

BA-22-AC-363

45

55

10

0.24

Tabakorole Prospect

BA-22-RC-024

35

45

10

0.38

Tabakorole Prospect

 

Previous drilling by Panthera in the Tabakorole prospect included:

 

HOLE ID

METRES FROM

METRES TO

INTERVAL (M)

Au PPM

PROSPECT

BA-21-AC-090

60

65

5

0.55

Tabakorole Prospect

BA-21-AC-094

26

35

9

0.32

Tabakorole Prospect

BA-21-AC-080

14

40

26

0.45

Tabakorole Prospect

INC

26

30

4

1.59

Tabakorole Prospect

BA-21-AC-081

19

39

20

0.92

Tabakorole Prospect

INC

21

23

2

2.96

Tabakorole Prospect

BA-21-AC-072

5

10

5

1.02

Tabakorole Prospect

BA-21-AC-073

40

45

5

1.59

Tabakorole Prospect

BA-21-AC-074

60

70

10

3.19

Tabakorole Prospect

BA-21-AC-066

20

25

5

1.08

Tabakorole Prospect

BA-21-AC-067

20

40

20

0.57

Tabakorole Prospect

BA-21-AC-069

75

85

10

0.23

Tabakorole Prospect

 

Tabakorole East Prospect

 

The Company identified this prospect for initial testing after noting gold in historical RAB drilling carried out by AGEX. Initial follow-up using soil geochemistry outlined a broad area of plus 20ppb Au. Field mapping also located scattered artisanal diggings for gold.

 

Gradient array IP geophysics carried out over the prospect highlights a thickening of a conductive rock unit that was initially thought to be due to the presence of disseminated sulphide and was the target of the Company's maiden drilling programs that successfully located highly anomalous geochemical values for gold.

 

The recent field review has identified the conductivity anomaly to be caused by considerable amounts of graphite in the underlying schists.  It is postulated that the thickening of the graphitic schist unit may be due to structural folding and or faulting of the softer graphitic schist. The Company's shallow geochemical (AC) drilling appears to have also identified shallow flat-lying supergene style mineralisation. Several deeper holes may have located underlying vein-style structures.

 

Panthera recently commissioned a specialist spectral imagery study using reflective wavelengths collected by various satellites.  Of interest is that an anomaly is located over the Tabakorole East prospect that has a similar spectral signature to that observed over the nearby Kodieran (Wassoul'or, 2Moz) gold mine.

 

Highlights of recent follow-up drilling included:

 

HOLE ID

METRES FROM

METRES TO

INTERVAL (M)

Au PPM

PROSPECT

BA-22-AC-377

20

40

20

0.33

Tabakorole East Prospect

BA-22-AC-379

0

5

5

0.39

Tabakorole East Prospect

AND

45

53

8

0.16

Tabakorole East Prospect

BA-22-AC-380

55

60

5

0.57

Tabakorole East Prospect

BA-22-AC-382

20

25

5

0.53

Tabakorole East Prospect

BA-22-AC-353

60

65

5

0.20

Tabakorole East Prospect

BA-22-AC-354

5

20

15

0.32

Tabakorole East Prospect

BA-22-AC-355

20

25

5

0.49

Tabakorole East Prospect

BA-22-RC-021

20

30

10

0.32

Tabakorole East Prospect

BA-22-AC-357

10

15

5

4.68

Tabakorole East Prospect

AND

25

45

20

0.27

Tabakorole East Prospect

BA-22-AC-358

35

40

5

3.73

Tabakorole East Prospect

BA-22-AC-364

10

15

5

0.31

Tabakorole East Prospect

BA-22-AC-365

20

25

5

0.13

Tabakorole East Prospect

BA-22-AC-367

10

15

5

0.70

Tabakorole East Prospect

AND

35

40

5

0.61

Tabakorole East Prospect

BA-22-AC-368

60

62(EOH)

2

0.31

Tabakorole East Prospect

BA-22-AC-369

15

20

5

1.25

Tabakorole East Prospect

AND

55

60

5

0.56

Tabakorole East Prospect

BA-22-AC-370

45

50

5

0.67

Tabakorole East Prospect

BA-22-AC-373

20

25

5

0.67

Tabakorole East Prospect

BA-22-AC-375

25

30

5

0.54

Tabakorole East Prospect

BA-22-AC-376

25

30

5

0.24

Tabakorole East Prospect

BA-22-AC-367

10

15

5

0.70

Tabakorole East Prospect

AND

35

40

5

0.61

Tabakorole East Prospect

BA-22-AC-368

60

62(EOH)

2

0.31

Tabakorole East Prospect

BA-22-AC-369

15

20

5

1.25

Tabakorole East Prospect

AND

55

60

5

0.56

Tabakorole East Prospect

BA-22-AC-370

45

50

5

0.67

Tabakorole East Prospect

BA-22-AC-373

20

25

5

0.67

Tabakorole East Prospect

BA-22-AC-375

25

30

5

0.54

Tabakorole East Prospect

BA-22-RC-017

10

15

5

0.70

Tabakorole East Prospect

AND

65

70

5

0.22

Tabakorole East Prospect

AND

105

115

10

0.62

Tabakorole East Prospect

BA-22-RC-018

75

90

15

0.29

Tabakorole East Prospect

 

Previous drilling by Panthera in the Tabakorole East prospect included:

 

HOLE ID

METRES FROM

METRES TO

INTERVAL (M)

Au PPM

PROSPECT

BA-21-AC-266

39

41

2

1.11

Tabakorole East Prospect

BA-21-AC-268

0

5

5

0.53

Tabakorole East Prospect

BA-21-AC-270

20

25

5

0.57

Tabakorole East Prospect

BA-21-AC-269

30

45

15

0.14

Tabakorole East Prospect

BA-21-AC-290

10

15

5

0.86

Tabakorole East Prospect

BA-21-AC-291

10

15

5

0.20

Tabakorole East Prospect

BA-21-AC-012

50

55

5

0.14

Tabakorole East Prospect

BA-21-AC-016

5

10

5

0.14

Tabakorole East Prospect

BA-21-AC-017

12

17

5

0.27

Tabakorole East Prospect

AND

23

30

7

0.86

Tabakorole East Prospect

BA-21-RC-002

0

2

2

1.27

Tabakorole East Prospect

BA-21-RC-003

10

13

3

0.46

Tabakorole East Prospect

AND

17

20

3

0.43

Tabakorole East Prospect

AND

44

45

1

0.56

Tabakorole East Prospect

AND

99

100

1

0.57

Tabakorole East Prospect

BA-21-RC-004

23

32

9

0.87

Tabakorole East Prospect

BA-21-AC-065

15

20

5

5.02

Tabakorole East Prospect

AND

35

50

15

0.42

Tabakorole East Prospect

BA-21-AC-020

15

35

20

0.75

Tabakorole East Prospect

BA-21-AC-021

25

40

15

0.44

Tabakorole East Prospect

BA-21-AC-064

20

50

30

0.86

Tabakorole East Prospect

BA-21-AC-022

30

50

20

0.73

Tabakorole East Prospect

BA-21-AC-032

5

10

5

1.31

Tabakorole East Prospect

BA-21-AC-033

15

20

5

1.62

Tabakorole East Prospect

BA-21-AC-049

10

15

5

0.53

Tabakorole East Prospect

AND

25

30

5

0.92

Tabakorole East Prospect

AND

40

50

10

1.63

Tabakorole East Prospect

BA-21-AC-051

30

35

5

0.28

Tabakorole East Prospect

AND

55

60

5

2.75

Tabakorole East Prospect

BA-21-AC-042

15

25

10

0.37

Tabakorole East Prospect

BA-21-AC-054

50

55

5

0.53

Tabakorole East Prospect

BA-21-AC-055

5

10

5

0.84

Tabakorole East Prospect

BA-21-AC-056

14

15

1

2.56

Tabakorole East Prospect

BA-21-AC-053

45

50

5

0.74

Tabakorole East Prospect

BA-21-AC-058

25

30

5

0.72

Tabakorole East Prospect

BA-21-AC-060

5

20

15

0.22

Tabakorole East Prospect

AND

45

50

5

0.50

Tabakorole East Prospect

AND

70

75

5

0.49

Tabakorole East Prospect

BA-21-AC-062

29

31

2

1.14

Tabakorole East Prospect

 

Djelikourou North Prospect

 

The prospect was initially located after field reconnaissance in 2018 identified scattered artisanal diggings.  Subsequent exploration work included soil sampling that reported elevated gold values above 20ppb Au that overlay a trend identified in the gradient array IP survey data.  The geophysical trend appears to be the edge of a chargeability anomaly and a resistivity trend.

 

Recent fieldwork identified the chargeability high as due to the presence of a graphitic schist unit. Subsequent geochemical air core drilling and several follow-up RC drill holes have returned encouraging results as indicated in the following tables of drill intersections including a 35m gold intersection (BA-22_RC-012).

 

Highlights of recent follow-up drilling included:

 

HOLE ID

METRES FROM

METRES TO

INTERVAL (M)

Au PPM

PROSPECT

BA-22-RC-012

55

90

35

0.69

Djelikourou North Prospect

INC

70

80

10

1.00

Djelikourou North Prospect

BA-22-RC-010

65

120

55

0.21

Djelikourou North Prospect

INC

65

70

5

0.97

Djelikourou North Prospect

AND

105

115

10

0.34

Djelikourou North Prospect

 

Previous drilling by Panthera in the Djelikourou North prospect included:

 

HOLE ID

METRES FROM

METRES TO

INTERVAL (M)

Au PPM

PROSPECT

BA-21-AC-276

5

10

5

2.30

Djelikourou North Prospect

BA-21-AC-248

35

55

20

0.33

Djelikourou North Prospect

BA-21-AC-250

5

10

5

2.53

Djelikourou North Prospect

BA-21-AC-259

10

30

20

2.11

Djelikourou North Prospect

BA-21-AC-262

15

25

10

0.65

Djelikourou North Prospect

 

Djelikourou South Prospect

 

The prospect was located after initial field reconnaissance in 2018 and identified scattered artisanal diggings.  Subsequent exploration included a soil sampling programme which reported elevated gold values including a plus 100ppb Au anomaly that overlies the trend identified in the gradient array IP survey data. Subsequent geochemical air core drilling and several follow-up RC drill holes have returned encouraging results as indicated in the following tables of drill intersections.

 

Highlights of recent follow-up drilling included:

 

HOLE ID

METRES FROM

METRES TO

INTERVAL (M)

Au PPM

PROSPECT

BA-22-RC-025

20

30

10

0.13

Djelikourou South Prospect

BA-22-RC-013

95

100

5

0.22

Djelikourou South Prospect

BA-22-RC-014

0

5

5

1.4

Djelikourou South Prospect

 

Previous drilling by Panthera in the Djelikourou South Prospect included:

 

HOLE ID

METRES FROM

METRES TO

INTERVAL (M)

Au PPM

PROSPECT

BA-21-AC-106

26

27(EOH)

1

2.11

Djelikourou South Prospect

BA-21-AC-107

20

70

50

0.35

Djelikourou South Prospect

BA-21-AC-124

55

65

10

0.28

Djelikourou South Prospect

BA-21-AC-140

15

19

4

0.61

Djelikourou South Prospect

AND

30

35

5

0.21

Djelikourou South Prospect

AND

73

76

3

2.12

Djelikourou South Prospect

 

Tagoua Prospect

 

The prospect was located after field reconnaissance in 2018 and identified scattered artisanal diggings with subsequent soil sampling showing elevated gold values including a plus 60ppb Au anomaly.  Further gradient array IP survey data inferred a possible structural control of the geochemistry. Subsequent geochemical air core drilling and several follow-up RC drill holes have returned encouraging results as indicated in the following tables of drill intersections.

 

Highlights of recent follow-up drilling included:

 

HOLE ID

METRES FROM

METRES TO

INTERVAL (M)

Au PPM

PROSPECT

BA-22-AC-341

5

35

30

0.30

Tagoua Prospect

BA-22-AC-339

40

45

5

5.60

Tagoua Prospect

BA-22-AC-337

55

60

5

0.36

Tagoua Prospect

BA-22-AC-345

20

30

10

0.16

Tagoua Prospect

BA-22-AC-346

5

10

5

0.30

Tagoua Prospect

AND

40

50

10

0.26

Tagoua Prospect

AND

65

70

5

0.20

Tagoua Prospect

 

Previous drilling by Panthera in the Tagoua prospect included:

 

HOLE ID

METRES FROM

METRES TO

INTERVAL (M)

Au PPM

PROSPECT

BA-21-AC-101

15

35

20

0.40

Tagoua Prospect

BA-21-AC-148

5

20

15

0.19

Tagoua Prospect

BA-21-AC-149

5

15

10

0.21

Tagoua Prospect

BA-21-AC-137

0

5

5

0.74

Tagoua Prospect

AND

10

15

5

2.96

Tagoua Prospect

AND

20

25

5

0.48

Tagoua Prospect

BA-21-AC-166

55

58

3(EOH)

8.00

Tagoua Prospect

BA-21-AC-173

5

10

5

1.11

Tagoua Prospect

 

Analytical Test Work

 

Reflecting a course coarse gold distribution, the Company completed repeat fire assays on selected samples at SGS and Bureau Veritas with the results detailed below.  Furthermore, the Company is undertaking selected bulk assays with SGS Leachwell method with the results pending. Recommendations for further sampling and analytical work will be made when all test work is completed.

 

 

ORIGINAL ASSAY SGS MALI

REPEAT ASSAY SGS MALI

Bureau Veritas Mineral Laboratories Mali

Sample_ID

Au_ppb

Au_ppm

Au_ppb

Au_ppb

Au_ppb

Au_ppb

Au_ppm

AC5765

359

0.36

273

-

-

358


AC5791

5600

5.6

6140

-

-

2970


AC5813

209

0.21

145

-

-

444


AC5821

305

0.31

307

-

-

250


AC5830

356

0.36

271

-

-

586


AC5834

201

0.2

63

31

-

136


AC5863

267

0.27

262

-

-

509


AC5864

13

0.01

10

-

-

8


AC5865

18

0.02

11

-

11

<5


AC5866

48

0.05

11

-

-

6


AC5867

29

0.03

12

-

-

<5


AC5874

32

0.03

35

-

-

14


AC5968

15

0.02

12

12

-

5


AC6002

10

0.01

8

-

-

6


AC6031

13

0.01

14

-

-

<5


AC6060

491

0.49

891

-

-

479


AC6070

4680

4.68

>8000

>8000

-

>10000

31.2

AC6090

3730

3.73

2530

-

-

2601


AC6123

702

0.7

712

-

-

552


AC6129

610

0.61

815

-

-

659


AC6153

1250

1.25

1360

-

-

735


AC6161

561

0.56

513

-

-

912


AC6174

668

0.67

10

-

-

12


AC6211

668

0.67

217

207

-

448


AC6237

536

0.54

384

-

-

169


AC6250

235

0.24

289

-

-

464


AC6258

311

0.31

957

-

-

33


 

 

Contacts

 

Panthera Resources PLC

Mark Bolton (Managing Director)  +61 411 220 942

  contact@pantheraresources.com

 

Allenby Capital Limited (Nominated Adviser & Broker)  +44 (0) 20 3328 5656

John Depasquale / Vivek B hardwaj (Corporate Finance) 

 

Financial Public Relations

Vigo Consulting Ltd  +44 (0)20 7390 0230

Oliver Clark

 

 

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Follow the Company on Twitter at:  @PantheraPLC

 

For more information and to subscribe to updates visit:  pantheraresources.com

 

Qualified Person

The technical information contained in this disclosure has been read and approved by Ian S Cooper (BSc, ARSM, FAusIMM, FGS), who is a qualified geologist and acts as the Qualified Person under the AIM Rules - Note for Mining and Oil & Gas Companies.  Mr Cooper is a geological consultant to Panthera Resources PLC.

 

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

 

Forward-looking Statements

This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterised by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; possible variations in ore grade or recovery rates; accidents, labour disputes, and other risks of the mining industry; delays in obtaining governmental approvals or financing; and fluctuations in metal prices. There may be other factors that cause actions, events, or results not to be as anticipated, estimated, or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events, or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly, undue reliance should not be put on such statements due to the inherent uncertainty therein.

 

**ENDS**

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