Panthera Resources PLC (LON:PAT) has commenced a 150 line kilometres induced polarisation survey at the Kalaka gold project in southern Mali.
This survey follows the successful initial 167 line kilometre IP survey conducted in early 2021 in the south of the licence area.
The previous IP survey 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 and drill intercepts including 249.3 metres grading 0.54 grams per tonne gold from 52 metres and 191.8 metres at 0.52 grams.
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 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.
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.
Drill testing is planned immediately after the wet season finishes later this year.
“The IP geophysical technique has worked exceptionally well as a direct targeting tool across our West Africa projects,” said Mark Bolton, managing director of Panthera.
“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.”