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

Cora yesterday announced results of the reanalysis of samples from the drilling carried out in Q4 2020 at the Dako II permit (‘Dako II’) which is contiguous with the Company’s flagship Sanankoro Gold Project (‘Sanankoro’) in southern Mali.

Using more representative bottle roll analysis, the Company is able to report this has generally delivered significantly enhanced results in terms of intercept widths and grades, compared with those previously reported on 20 January 2021 from first-pass screening fire assay.

Being 7km south of its existing resources at Sanankoro and with over 3km of surface mineralisation still to be drilled, Cora is optimistic that this surface oxide discovery will be turned into part of the future resources and mine plan for the Project. While drilling is ongoing at Sanankoro, with first results from the recently commenced programme due during Q2 2021, Dako II will be drilled later in this campaign to follow up on these results.

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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 © 2021 Turner Pope Investments (TPI) Limited, all rights reserved.


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