Cora Gold has completed a substantial upgrade to its mineral resource estimate for the Sanankoro Gold Project, located in Southern Mali, which is likely to feed into the upcoming definitive feasibility study.
The new total JORC 2012 mineral resource estimate has increased the gold inventory by over 200% to 809,300 ounces of gold, at a grade of 1.15g/t Au. Importantly, not only is this resource estimate pit constrained, over 77% is located with the oxide zone and 22% in the transition zone (Figure 1), and recoveries have previously been shown to be above 95%, making the gold mineralisation open-pittable, free-digging with high-recoveries. All of these positive features bode well for the potential economics of the operation to be accessed in the upcoming definitive feasibility study.
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