The gold exploration company said significant drill intercepts from composite samples included 10 metres (m) at 3.45 grammer per tonne (g/t) gold from 60m, with 5m at 6.59g/t from 60m, which was the highest-grade assays received to date.
Other intercepts included 25m at 0.51g/t gold from 15m, with 5m at 2.07g/t from 20m; 5m at 1.98g/t from 40m; and 5m at 0.56g/t gold from 60m.
The AIM-listed company said assay results are from two of the 13 targets drilled, with results now reported on five of 13 targets.
“Each of the targets tested to date has returned significant gold intercepts,” Panthera said.
The remaining nine of the 22 targets identified at Bassala are planned to be drilled after the wet season, it added.
“The assays continue to be very encouraging for first-pass air-core drilling. The high-grade intercepts being returned for 5m composite samples suggest the potential for good gold grade,” commented Mark Bolton, Panthera’s managing director.
“The results continue to confirm our interpretation of a flat or shallowly dipping mineralisation zone, similar to that at the nearby Kalana mine.
“We are eagerly awaiting the remaining assay results anticipated to be received during September 2021.”