“Overall, the results reinforce our view that the project hosts a very large gold system,” said managing director Mark Bolton
() said eight high priority drill targets had been highlighted at the Kalaka gold project in Mali following the completion of an induced polarisation (IP) survey.
The priority targets identified had a combined strike length of over 9km and include a large area of associated artisanal workings in the south of the tenement.
“These results confirm the effectiveness of the IP technique for exploration at Kalaka,” said Mark Bolton, managing director of Panthera. “Overall, the results reinforce our view that the project hosts a very large gold system.”
“The high chargeability zone adjacent to the southern artisanal workings is particularly exciting as this was identified as a high priority target before these survey results emerged,” he added. “The anomaly also appears to crosscut the general stratigraphy, suggesting it is structurally controlled and is located in an interpreted structurally complex zone within a pressure shadow of an interpreted intrusion, often an excellent setting to host gold mineralisation.”
At the K1A prospect, the IP survey highlighted the opportunity for a significant extension to the existing mineralised zone with further new targets identified nearby, the company said.
The Kalaka project interest is held by Panthera’s associated company, Moydow Holdings Ltd. Moydow is earning an 80% interest in the project. Panthera holds a 45.8% equity interest in Moydow.