Cora Gold Limited (LON:CORA) Gold Mineralisation at Depth at Sanankoro

 

Jonathan Forster, CEO of Cora Gold, commented: I am pleased to report that Cora’s exploration drill programme, which has progressed on schedule and on budget, intersected gold mineralisation on each deeper drill hole at the Selin prospect.

 

Often at grades of more than 3g/t gold. Such promising results support earlier indications that the sulphide potential at Selin could be significant, providing justification for a future drill programme that would aim to extend the gold mineralisation at depth.

 

Gold Mineralisation Confirmed at Depth at Sanankoro

Cora Gold Limited (‘Cora Gold’, ‘Cora’, or ‘the Company’), the West African focused gold exploration company, is pleased to announce the presence of high grade gold mineralisation at depth at the Sanankoro Gold Project (“Sanankoro” or “the Project”), beneath the shallow oxide gold. The project is located in the highly prospective Yanfolila Gold Belt, Southern Mali.

 

 

Highlights:

· Initial results from Central Selin Prospect targeting sulphide mineralisation at depth in sulphides:

o 22m @ 2.68g/t gold from 51m

§ A newly discovered oxide gold zone

o 9m @ 3.07g/t gold from 117m hole depth (hole ended in mineralisation)

o 8m @ 3.12g/t gold from 114m hole depth

· SRK’s exploration target of 1-2 million ounces of gold (announced on 15th October 2018) was exclusively based on mineralisation to 100m depth and did not take into account further mineralisation at depth

· Five reverse circulations (“RC”) holes drilled targeting gold sulphide mineralisation beneath known gold oxide mineralisation. This is the first time such work has been undertaken at the Selin Prospect at Sanankoro

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· 6,096m of aircore (“AC”) and RC drilling completed, in conjunction with 463m of core drilling

To view the announcement with illustrative maps and diagrams, please use the following link:

http://www.rns-pdf.londonstockexchange.com/rns/0361G_1-2019-7-18.pdf

 

Jonathan Forster, CEO of Cora Gold, commented:

“I am pleased to report that Cora’s exploration drill programme, which has progressed on schedule and on budget, intersected gold mineralisation on each deeper drill hole at the Selin prospect, often at grades of more than 3g/t gold. Such promising results support earlier indications that the sulphide potential at Selin could be significant, providing justification for a future drill programme that would aim to extend the gold mineralisation at depth.

This set of results consists of the initial, preliminary testing of a strike-length of up to just 300m of the sulphide gold mineralisation that is believed to lie underneath the 2,000m long gold oxide zone previously identified at the Selin prospect. With the sulphide zone lying at depths of typically greater than 60-80m, these initial drill holes are still considered to be near-surface with open-pit mining potential.

A previously unknown gold zone was identified in the oxide part of a deeper hole, highlighting the ongoing opportunities to make new discoveries at Sanankoro. We look forward to updating the market with further results over the coming months.”

Further Information

Multiple gold zones have been previously identified at Sanankoro, which has a combined drill defined the mineralised footprint of over 8km and an independently determined SRK Exploration Target of 1-2 million ounces of gold with significant upside as announced on 15 October 2018.

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Full RNS Update https://www.share-talk.co.uk/announcements/rns/cora-gold-limited/gold-mineralisation-at-depth-at-sanankoro/201907190700020361G

 



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