Panthera Resources (PAT)

Sector:

Mining

Index:

FTSE AIM All-Share

12.25p
   
  • Change Today:
      0.75p
  • 52 Week High: 37.00
  • 52 Week Low: 4.75
  • Currency: UK Pounds
  • Shares Issued: 90.88m
  • Volume: 355,595
  • Market Cap: £11.13m
  • 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 12.25p
Change Today 0.75p
% Change 6.52 %
52 Week High 37.00
52 Week Low 4.75
Volume 355,595
Shares Issued 90.88m
Market Cap £11.13m
RiskGrade 725

PAT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
58.48% below the market average58.48% below the market average58.48% below the market average58.48% below the market average58.48% below the market average
60.34% below the sector average60.34% below the sector average60.34% below the sector average60.34% below the sector average60.34% below the sector average
Price Trend
44.99% above the market average44.99% above the market average44.99% above the market average44.99% above the market average44.99% above the market average
63.36% above the sector average63.36% above the sector average63.36% above the sector average63.36% above the sector average63.36% above the sector average
Income Not Available
Growth Not Available

PAT Dividends

No dividends found

Trades for 24-Sep-2021

Time Volume / Share Price
12:54 45,000 @ 11.50p
12:48 45,000 @ 11.50p
10:23 10,000 @ 12.33p
10:00 11,547 @ 12.34p
09:55 2,864 @ 11.50p

PAT Key Personnel

COO Antony Truelove
CFO Mark Cranny

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