# Panthera Resources’ Kalaka IP survey has commenced

- Link: https://www.directorstalkinterviews.com/panthera-resources-kalaka-ip-survey-has-commenced/4121002536
- Published: 2021-06-21T08:41:23+01:00
- Author: Amilia Stone

**Panthera Resources Plc** ([LON:PAT](https://www.directorstalkinterviews.com/company/panthera-resources-plc/pat.l)),
the diversified gold exploration and development company with assets in West Africa
and India, has advised that a follow-up 150 line kilometre Gradient Array Induced
Polarisation (IP) survey has commenced at the Kalaka gold project.  This survey 
follows the successful initial 167 line kilometre IP survey in early 2021 in the
south of the licence area.  Kalaka, which is in southern Mali, is held through our
associated company, Moydow Holdings Ltd.

The previous IP survey in early 2021 delineated several high order chargeability
anomalies.  One of these, the K1A gold prospect, has been drilled by previous explorers
and is coincident with disseminated sulphides that represent the alteration system
associated with a large, low-grade gold deposit with drill intercepts including:

·    249.3m @ 0.54g/t Au from 52m (to end of hole) including 8m @ 3.17g/t Au from
107m

·    191.8m @ 0.52g/t Au (to end of hole)

·    176.4m @ 0.49g/t Au from 24m (to end of hole)

The chargeability highs are all considered to be excellent exploration targets. 
Several of the IP anomalies have higher chargeability responses than those seen 
at the K1A prospect, suggesting a higher sulphide content and hence possibly more
intense alteration.  One target in the far south is a high order and is close to
a zone of extensive artisanal workings targeting the base of laterite.  It is interpreted
that the workings are targeting slightly transported gold mineralisation shedding
from mineralisation directly associated with the chargeability high.

While several direct drill targets have already been delineated, some of the high
order anomalies remain open due to being proximal to the edge of the previous survey.
The current programme will cover the interpreted extensions of these zones.   Subject
to the onset of the wet season, this survey will be completed before defining drill
targets that are planned to be drill tested immediately after the wet season later
this year, and will enable all targets to be ranked and the highest priority targets
selected for drilling.

> **Commenting on the announcement, Mark Bolton, Managing Director of Panthera Resources
> said:**
> “The IP geophysical technique has worked exceptionally well as a direct targeting
> tool across our West Africa projects.  The direct correlation of the large K1A
> gold mineralisation system with a well-defined IP chargeability high, and the 
> delineation of several additional, discrete chargeability highs, some with associated
> artisanal workings, geochemical anomalies and previous broad spaced RAB drill 
> intercepts, is very encouraging.  While direct targets already exist, we have 
> elected to extend the IP survey to close off several high order anomalies near
> the edge of the existing surveys, allowing for the best targets to be selected
> for drill testing later in the year.  The survey is expected to take around 6 
> weeks to complete and results will be reported as soon as they are available.”

A PDF version of the announcement, inclusive of images, can be found on the Company’s
website or by following the links below:

http://www.rns-pdf.londonstockexchange.com/rns/5169C_1-2021-6-21.pdf

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