What a week for shareholders after the company announced World-Class Intersection at Sanankoro with 19m @ 31.56 g/t Au from 65m at Zone A.
Bert Monro, CEO of Cora, commented, “This drill programme continues to go from strength to strength. 19m @ 31.56 g/t Au is by far the most significant drill hole that Cora has ever drilled. This hole sits outside the existing inferred resource pit shell, starting 50m deeper than the current resource pit shell, so offers even greater upside to the Sanankoro Gold Project. This programme is continuing to deliver very high-grade oxide drill results from shallow depths, offering significant economic potential for the upcoming resource and DFS.
“Zones A and C were historically lower grade than Selin, but these results demonstrate that there is potential for better grades in these deposits. The Company is aiming to complete the 35,000m drill programme over the next month with a resource update due to follow once all the assay results have been received.
· Results at Zones A and C further reinforce the mineable quality of the Sanankoro gold structures
· Results continue the trend from Selin deposit of shallow oxide intercepts of good widths and high grades
· Gold grades are higher than historical results at Zone A and B offering potential further upside
The Company remains on schedule to drill up to 35,000m by end of the programme, with a dual focus on targeting resource growth as well as infill drilling to convert existing Inferred resources to Indicated. The results to date have been extremely encouraging with good widths and high-grade results in generally shallow oxides ore.
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