Panthera Resources (LON:PAT) Managing Director Geoff Stanley talks to DirectorsTalk about its results of the recent reverse circulation drilling activities at the Naton Project in southern Burkina Faso. Geoff talks us through the discovery, expains plans for a follow up, the relationship of multiple gold areas, current share price movement and provide progress on India and West Africa properties.
Panthera Resources Plc wholly-owned subsidiary, Indo Gold Limited, is a private company that was incorporated in 2004 for the purpose of undertaking certain mineral exploration activities, with an initial focus on India and then subsequently West Africa.
IGL’s main operating subsidiary in India is Indo Gold Mines Pvt Ltd. IGMPL was formed in India in 2005 as a joint venture company between IGL (which holds 70 per cent) and Metal Mining India (which holds 30 per cent). It has the right to explore and develop mining projects on mineral properties currently held in the name of MMI. This includes the Bhukia Project in the State of Rajasthan and the Taregaon Project in the State of Madhya Pradesh.
IGL also has three joint venture arrangements providing rights to earn into gold projects in West Africa (Burkina Faso and Mali) through completion of defined exploration programmes.