Cora Gold Limited, the West African focused gold company, is pleased to announce the discovery of a new 1,500m gold zone on the Dako II permit (“Dako II”) adjacent to its flagship Sanankoro Gold Project (“Sanankoro” or “Project”) in Mali.
This follows the completion of a 1,264m (18 drill hole) shallow reconnaissance aircore (“AC”) drilling programme, the objective of which was to identify a new, near surface, oxide gold zone within easy haulage distance of Sanankoro. The discovery at Dako II, which lies immediately to the South of Sanankoro, is in addition to the new 1.5km gold zone identified at the Bokoro II permit (“Bokoro”), which borders Sanankoro to the East (see announcement of 27 July 2020 for further details).
Highlights:
· First pass shallow reconnaissance drilling at Dako II identified a new 1,500m gold zone approximately 7.5km to the south of the Zone A resource at Sanankoro
· Assay results outline a new discovery that could be incorporated into existing Sanankoro resources
· The reconnaissance programme covered about 1,500m of the southern strike length of the target zone at Dako II
· A combination of artisanal workings and historical soil and termite sampling suggest the potential total length of the zone at Dako II could extend to over 4km
● 18 shallow oxide holes (totalling 1,264 metres) were drilled to hole lengths of 60-80m
● Results include:
o 6m @ 1.48 g/t Au in hole DC0002 and
o 11m @ 1.28g/t Au in hole DC0002
o 12m @ 1.52g/t Au in hole DC0007
o 55m @ 0.50 g/t Au in hole DC0008
▪ Incl 7m @ 1.37 g/t Au
● The style of mineralisation appears to be very similar to existing defined resources at Sanankoro
● New discoveries at Dako II and Bokoro strengthen the Company’s view that the Sanankoro Project has the potential to grow significantly in time with further drilling
To view the RNS with illustrative maps and diagrams please use the following link:
http://www.rns-pdf.londonstockexchange.com/rns/3758U_1-2020-7-28.pdf
Bert Monro, CEO of Cora Gold, commented, “We are delighted to have made a new discovery at the Dako II permit, only 7.5km from the Sanankoro Gold Project southerly resources. This discovery adds to the Bokoro II discovery that was announced earlier this week and once again it is exciting to see both good shallow oxide grades and widths of mineralisation. There remain further targets to test in the 7.5km zone between this discovery and our nearest existing resources at Zone A.”
“In spite of the challenges of Covid-19 over the last five months we have managed to work safely and effectively and it’s a huge testament to the quality of the Cora exploration team that they continue to deliver as they have. I am extremely grateful for the effort they have put in, delivering excellent results under challenging conditions.”
