Panthera Resources PLC Exploration Update - Nigeria (1426B)
08 June 2021 - 4:46PM
UK Regulatory
TIDMPAT
RNS Number : 1426B
Panthera Resources PLC
08 June 2021
8 June 2021
Panthera Resources plc
("Panthera" or "the Company")
Exploration Update - Nigeria
Panthera Resources Plc (AIM: PAT), the diversified gold
exploration and development company with assets in West Africa and
India, advises that the assay results for the recent drilling at
Paimasa, Nigeria will be delayed while certain samples are subject
to re-assay by accelerated cyanide leach (LeachWell).
The decision to re-assay many of the samples reflect anomalies
between the fire assays and certain check assays that were
performed with Leachwell. The Leachwell sample size is considerably
larger and should provide a more reliable assay where there is a
coarse gold fraction.
The details of the drilling campaign at Paimasa were announced
by the Company on 1 December 2020. The interest in the project is
held through the associated company, Moydow Holdings Limited.
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
Financial Public Relations
Vigo Communications Ltd +44 (0)20 7390 0230
Simon Woods / Chris McMahon
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For more information and to subscribe to updates, please visit:
www.pantheraresources.com
Qualified Person
The technical information contained in this disclosure has been
read and approved by Antony Truelove (BSc (Hon), MAusIMM, MAIG),
who is a qualified geologist and acts as the Competent Person under
the AIM Rules - Note for Mining and Oil & Gas Companies. Antony
Truelove is the COO of Panthera Resources PLC.
UK Market Abuse Regulation (UK MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of UK
MAR 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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END
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