Panthera to restart fieldwork at Bido Project

West Africa and India-focussed gold exploration and development company Panthera Resources announced its plans to restart fieldwork at the Bido Project on Friday, in the prolific Boromo greenstone belt within the Birimina terrain of Burkina Faso.

The AIM-traded firm said that, following the award of the new licence on 6 October, a field visit to the site was underway to assess the access to the survey area, and to obtain clearance from local officials to start a full fieldwork programme.

An initial programme of soil sampling and regolith mapping was proposed to start later in November, and to be concluded by late January.

The programme was expected to comprise 1,350 samples, and cover an area of around 12 square kilometres.

In addition, Panthera said it was currently evaluating various plans to undertake geophysical surveys at Bido in 2021.

“These work programmes aim to define and rank drill targets for a drilling programme which is expected to commence in the first half of 2021,” the board said in its statement.

“This is in addition to other potential drill targets which have already been identified at the Bido Project including Kwademen and Kwademen South.”

It explained that several high order gold-in-soil anomalies and artisanal workings were located on the northern edge of the survey area.

“A gold-in-soil survey was previously proposed in this area, however, it was postponed due to the onset of the wet season, followed by the Covid-19 pandemic.

“During this delayed period, the company has continued to evaluate the available data relating to this target area and will provide an update in due course.”

At 1126 GMT, shares in Panthera Resources were up 1.05% at 9.6p.