11th Dec 2019 11:22
(Alliance News) - Cora Gold Ltd on Wednesday said work continues on identifying new targets at the Sanankoro gold discovery in southern Mali.
Cora is currently carrying out a 5,000 metre drilling programme at Sanankoro, looking for new sulphide and deep oxide targets as well as to expanding existing targets.
Chief Executive Jonathan Forster said: "This is an exciting time at Sanankoro with four rigs now scheduled to operate through to the end of the year. The objective is to selectively step out from a known resource area, as well as access more information on the sulphide potential.
"In parallel, new targets are being subjected to an initial exploration drill programme. The team is doing an excellent job on the ground and we are looking forward to receiving the assay results back in due course and updating shareholders on the results."
A week ago, British Virgin Islands-based Cora received a maiden pit constrained mineral resource estimate for Sanankoro, which showed gold recovery from oxide rates between 92.9% and 95.7%.
Shares were untraded on Wednesday morning in London, last quoted at a price of 5.88 pence apiece.
By George Collard; [email protected]
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