The Reverse Circulation programme, aimed at reporting a maiden resource estimate, was carried out by the miner’s associate company Moydow Holdings Limited. It spanned 4,740 metres across 31 drill holes.
Full assay results are pending with results anticipated on or about the end of the quarter, Panthera said.
The Labola (Wuo Land) gold project is located in southern Burkina Faso, approximately 380km southwest of the capital city Ouagadougou.
The confirmatory “twin” drilling has focussed on the two largest areas identified by previous explorers.
In addition to the confirmatory drilling, two areas with no previous drilling have been targeted, designed to identify additional mineralisation.
This drilling was designed to test a 350m gap in previous drilling along the western zone, and the possible northern extensions of mineralisation along the central zone.
Both these areas have associated artisanal mining activity and IP chargeability and resistivity anomalies, Panthera noted.