8th Oct 2021 20:45
Cora Gold Ltd - West African focused gold company - Reports twelfth set of drill results from its Sanankoro project in Southern Mali. Says drill campaign was concentrated on both resource growth as well as infill drilling to convert existing inferred resources to indicated resources. Says drill results have continued to be "extremely encouraging" throughout campaign with high-grade results in shallow oxide ore. Notes results show both good infill continuity and extensions along strike and at depth beyond existing pit shells.
Chief Executive Officer Bert Monro comments: "To have two more holes of over 100 gramme metres, taking the total number of 100 gramme metre holes to 13 in this drill campaign, is extremely exciting and also very encouraging as we approach an updated mineral resource estimate. The results continue to show good consistency of widths and grades in oxide ore which offers us further encouragement as we look towards the definitive feasibility study which is already underway.
"The RC drill campaign is now complete and we will expect the final assay results over the coming weeks in advance of an updated MRE."
Current stock price: 13.80 pence
Year-to-date: up 62%
By Arvind Bhunjun; [email protected]
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