Cora Gold Limited, the West African focused gold company, is pleased to announce the discovery of a new 1.5km gold zone at its flagship Sanankoro Gold Project (“Sanankoro” or “Project”) in Mali.
This follows results from a reconnaissance aircore drilling programme at the Bokoro II permit (“Bokoro”), which borders the Sanankoro permit to the East. The objective of this reconnaissance exploration was to test for new zones of potentially near surface economic gold mineralisation within a 5km radius of the main focus of the existing Sanankoro deposits. Many similar targets remain to be tested.
Highlights:
● First pass shallow reconnaissance drilling at Bokoro discovered a new 1.5km gold zone about 1,500m to the south of the Selin deposit on the adjacent permit to Sanankoro
● Drilling was focused on two areas of extensive historical artisanal mining
● 67 shallow oxide holes (totalling 4,818 metres) were drilled to a maximum depth of 80m with multiple holes ending in mineralisation
● Results include:
o 8m @ 7.4 g/t Au in hole BC0057
▪ Including 2m @ 27.1 g/t Au
o 7m @ 1.3 g/t Au in hole BC0020
o 7m @ 1.5 g/t Au in hole BC0011
o 3m @ 1.14 g/t Au in hole BC0071
o 2m @ 2.6 g/t Au in hole BC0074
To view the RNS with illustrative maps and diagrams please use the following link:
http://www.rns-pdf.londonstockexchange.com/rns/0881U_1-2020-7-26.pdf
Bert Monro, CEO of Cora Gold, commented, ” These results are extremely positive given that it is the first time the Bokoro permit has been systematically drilled by Cora, with the programme achieving its objective by successfully delineating a 1.5km gold zone that lies close to Selin, one of our existing deposits. With many similar oxide targets remaining within the project area in close proximity to the defined resources, upside oxide potential remains significant, even before considering the future potential for the deeper sulphide mineralisation.
“Cora remains focused on the Sanankoro Gold Project, and with a very positive Scoping Study and a recently signed US$21m term sheet with Lionhead Capital to support its future development on completion of a DFS this continues to be a very exciting time for the Company.”
