TPI provides its latest research note on Cora Gold Limited (CORA.L).

Recognising the prospectivity of its portfolio of projects that are located across a world-class gold region in southern Mali, West Africa, Cora yesterday announced its commencement of a new drilling programme in the Yanfolila Project Area.

5,000m of Air Core drilling is planned across three permits, targeting extensions to existing discovery holes that are generally located in shallow oxides.

This is particularly exciting, considering that all work being undertaken will be within a 25km radius of Hummingbird Resources plc’s (AIM: HUM) operating Yanfolila Gold Mine. Taken together with the Company’s announcement of 2 November 2020, which detailed a further field programme on its Sanankoro Gold Project (‘Sanankoro’) and will initially focus on the recent 1.5km long discovery at Dako II, with a view to opening it up as new generative corridor trending +4km northeastwards from existing intercepts, activity levels look set to remain high well into the New Year.

Launch Presentation

We would draw your attention to the various disclaimers in the document both at the beginning and at the end of the note. Retail clients (as defined by the rules of the FCA) must not rely on the research document. In particular you should note that the research document is a non-independent marketing communication. The analyst who has prepared the research is aware that TPI provides research to Cora Gold Limited. Accordingly the research has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibitions on dealing ahead of its dissemination.

The information in the document is published solely for information purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. The material contained in the document is general information intended for recipients who understand the risks associated with equity investment in smaller companies. It does not constitute a personal recommendation as defined by the FCA or take into account the particular investment objectives, financial situation or needs of individual investors nor provide any indication as to whether an investment, a course of action or the associated risks are suitable for the recipient.

Copyright © 2020 Turner Pope Investments (TPI) Limited, all rights reserved.

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