Panthera Resources (PAT)

Sector:

Mining

Index:

FTSE AIM All-Share

6.63p
   
  • Change Today:
    -0.13p
  • 52 Week High: 11.25p
  • 52 Week Low: 3.80p
  • Currency: UK Pounds
  • Shares Issued: 175.99m
  • Volume: 794,369
  • Market Cap: £11.66m
  • RiskGrade: 725

Panthera begins drill programme at Labola project

By Josh White

Date: Friday 28 May 2021

LONDON (ShareCast) - (Sharecast News) - West Africa and India-focussed gold exploration and development company Panthera Resources announced on Friday that the reverse circulation drill rig has arrived on site at the Labola Wuo Land Project in Burkina Faso.
The AIM-traded firm said that as a result, the planned 5,000 metre drilling programme had started.

It said the drilling would mainly support a maiden resource estimate, with several exploration targets to also be drill tested.

Assay results were expected from the third quarter of 2021.

"Panthera's associated company, Moydow, has designed the drill programme to support the preparation of a resource estimate in accordance with JORC or NI43-101 standards," the company said in its statement.

"The drilling will test a subset of previous drill results obtained by High River Gold Mines and Taurus Gold [between] 2008 and 2012, which totalled 65,556 metres of rotary air blast, reverse circulation and directional drilling, in 541 drill holes."

Panthera said the drill programme would also examine the coarse gold component of the mineralisation via the accelerated cyanide leach technique 'LeachWell'.

"The data generated from the LeachWell programme will complement Moydow's assessment of whether historical assay results have potentially under-reported the gold grades, although there can be no certainty that this has occurred.

"In addition to the resource estimate drilling, 2,600 metres of drilling will target new exploration targets at Labola."

At 1243 BST, shares in Panthera Resources were up 10% at 14.85p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

PAT Market Data

Currency UK Pounds
Share Price 6.63p
Change Today -0.13p
% Change -1.85 %
52 Week High 11.25p
52 Week Low 3.80p
Volume 794,369
Shares Issued 175.99m
Market Cap £11.66m
RiskGrade 725

PAT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
49.74% below the market average49.74% below the market average49.74% below the market average49.74% below the market average49.74% below the market average
51.15% below the sector average51.15% below the sector average51.15% below the sector average51.15% below the sector average51.15% below the sector average
Price Trend
8.69% below the market average8.69% below the market average8.69% below the market average8.69% below the market average8.69% below the market average
34.27% above the sector average34.27% above the sector average34.27% above the sector average34.27% above the sector average34.27% above the sector average
Income Not Available
Growth Not Available

PAT Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:13 300,000 @ 6.55p
16:29 551 @ 6.74p
15:40 85 @ 7.00p
15:40 208 @ 6.50p
15:40 50 @ 7.00p

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