9th Jul 2024 14:25
Cora Gold Ltd - West Africa-focused gold developer - Finds 4.41 grammes of gold per tonne from 41 metres in hole MFC0013 at target 1 within the company's Madina Foulbe exploration permit within the Kenieba project area in east Senegal. The results are from a reconnaissance reverse circulation drilling programme at the Tambor gold anomaly. The company notes that six out of 10 targets drilled were successful at intersecting mineralisation over broad widths. Chief Executive Officer Bert Monro says: "Up until this point Madina Foulbe has been largely untested, so with six of our ten high priority targets confirming gold mineralisation, we are pleased with the results received from what was a first pass reconnaissance programme. We have been able to identify multiple broad zones with elevated gold and some economic intercepts."
Current stock price: 1.86 pence per share, up 16% on Tuesday afternoon in London
12-month change: down 48%
By Tom Budszus, Alliance News slot editor
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