Cora Gold Limited, the West African focused gold company, is pleased to announce the first set of results received from the 2,000m Reverse Circulation (“RC”) drill programme at the Madina Foulbé Permit (the “Permit”) (see RNS dated 30 March 2020).
The Permit is in eastern Senegal within the prolific Kedougou-Kenieba Inlier gold region, which historically has seen over 50 million ounces of gold discovered.
To view the announcement with illustrative maps and diagrams please use the following link: http://www.rns-pdf.londonstockexchange.com/rns/0322M_1-2020-5-5.pdf
● 642m of drilling has been completed in 8 holes of f irst reconnaissance 2,000m RC drill programme at the 260 sq km Madina Foulbé Permit
o Priority targets include Tambor and Madina, 2.5km and 2km long gold-in-soil anomalies respectively
o Programme is currently suspended due to COVID-19 restrictions and will be completed when conditions allow
● Results to date have confirmed the initial model with extensive zones of gold mineralisation across the area tested so far:
o 47m @ 0.63 g/t Au from 27m including;
▪ 1m at 16.4 g/t Au from 40m in hole MFC007
o 36m @ 0.53 g/t Au from 6m including;
▪ 3m at 3.78 g/t Au from 12m in hole MFC001
o 27m @ 0.47 g/t from 45m in hole MFC002
Bert Monro, CEO of Cora Gold, said, “Having completed around one third of the maiden RC drill programme at Madina Foulbé, which was designed to gain an understanding of the likely style and width of mineralisation within this large granitic system, we are pleased to have continuously intersected good widths of mineralisation albeit at relatively low grades from initial results. Much of the Tambor target remains to be drilled and this first indication of a consistent gold mineralis ed system is encouraging. With the Madina target not yet drilled at all and a new additional target now also identified, the team is looking forward to starting work again to build on these initial results.
“Further announcements will be made as appropriate when our work in Senegal re-commences. Work programmes in Mali are continuing with necessary safety protocols in place.”
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