Panthera Resources secures interest in Bido gold licence

India and West Africa-focussed gold exploration and development company Panthera Resources has successfully secured its interest in the Bido PRM, formerly the Naton PRM, in Burkina Faso, it announced on Tuesday.

The AIM-traded firm said the interest was secured with the support of the country’s Ministry of Mines, and the licence's joint venture partners.

It said the 100 square kilometre Bido licence is located in the “prolific” Poura Birimian greenstone belt.

The company said there were multiple gold prospects across the licence area, including “extensive” historical artisanal workings.

“Recently obtained historic data revealed high-grade gold drill intercepts at the Kwademen prospect, including 23 metres at 1.53 grams of gold per tonne,” the board said in its statement.

“Geophysical and drilling programmes are currently being considered.”

At 1354 BST, shares in Panthera Resources were up 10.11% at 5.23p.