Announcement Date: 2021-12-06
Announcement Type: Deposit Estimation
Announcement Code: (no Code)
Company name: Diamond Fields Resources Inc.
Project name: Labola
Location: Burkina Faso
Commodities: Gold
Highlight: Initial Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Panthera Resources Plc (AIM: PAT), the diversified gold exploration and development company with assets in West Africa and India, is pleased to announce a maiden mineral resource estimate (MRE) for the Labola Gold Project (Labola or the Project). The MRE has been prepared by the Company’s associate, Moydow Holdings Limited (Moydow) in accordance with National Instrument 43-101 (“NI 43-101”). The maiden mineral resource estimate for the Labola Project has been prepared by Mr Ivor W.O. Jones, M.Sc., FAusIMM, CPgeo, of Aurum Consulting, who is an independent Qualified Person (QP) under NI 43-101 guidelines. The maiden mineral resource estimate will be detailed in a technical report prepared in accordance with NI 43-101 to be filed on SEDAR within 45 days. The maiden MRE has been prepared using gold assay data with top-caps applied to grades in a fairly standard grade ordinary kriged estimation. Assay data for historical holes that had been twinned were removed and replaced with the new drill data, but estimates were also cross-checked with just the old data, with very similar results. This provided significant confidence in the historical data. The validation included visual and statistical evaluations and was considered to be good. Classification of the maiden MRE was based on the guidelines of the CIM and NI 43-101 to define Indicated and Inferred Resources for the project.
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