The Paimasa Project is located in central Nigeria, approximately 115km north-northwest of the capital city Abuja. A British firm, Panthera Resources Plc, has announced that its associated company, Moydow Holdings Limited (Moydow), has commenced drilling at its Paimasa Project in Nigeria. The diversified gold exploration and development company with assets in West Africa and India, said the drilling commenced through Moydow’s joint venture company, Gurara Holdings Limited (Gurara).
The company made the announcement in a disclosure sent to the London Stock Exchange. It explained that the Paimasa Project is located in central Nigeria, approximately 115km north-northwest of the capital city Abuja. A programme of 300m diamond and 1250m reverse circulation (RC) drilling is proposed, it said. Previous drilling by Moydow in nearby tenements at the Dagma prospect, approximately 45km to the north-northwest, resulted in the identification of significant gold mineralisation within quartz veins discovered by artisanal miners.
Data source: All Africa news