7th Mar 2019 12:14
LONDON (Alliance News) - Cora Gold Ltd on Thursday said that results from the drill programme at the Selin prospect in the Sanankoro gold discovery in Mali confirmed presence of oxide gold mineralisation.
Among the highlights of the drilling programme, the West Africa-focused gold exploration company reported 4.48 grams per tonne of gold over 46 metres from 49 metres depth, and 5.10 grams per tonne of gold over 17 metres from 37 metres depth.
"The excellent results from the Selin prospect, which highlights the opportunity for it to be part of potential future development plans, further fuels our excitement and increasing confidence that Sanankoro could become a significant new gold production asset," Chief Executive Officer Jonathan Forster said.
"Today's results justify our programme of focusing on higher grade zones that could become starter pit areas for future development. These latest results now warrant further exploration to extend along the Selin structure to both the north and the south."
Cora Gold shares were trading down 4.4% at 5.50 pence each on Thursday.
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