Cora has announced very promising first drill results from its largest-ever campaign, including 34m @ 1.98 g/t Au from 13m depth and 52m @ 1.78 g/t Au from 20m depth.
The intercepts reported equate to the first 817m of the total budgeted total 35,000-metre drill programme at its Sanankoro Gold Project (‘Sanankoro’ or ‘the Project’) in Southern Mali, that is expected to be completed by the end of July 2021. Having started in March 2021, this represents just the initial 15% of the Selin Phase 1 programme planned and completed targeting the shallow oxides and emphasises the potential of the deposit.
Given that drilling is due to ramp over the next month with the commencement of a 2,500m diamond core programme in May along with the arrival of a second RC rig around the same time, investors should anticipate significant continuing news flow between now and end-Q3 2021.
With the dual focus of targeting resource growth as well as infill drilling to convert existing resources from Inferred to Indicated category, the Company is expected to move rapidly toward updating its mineral resource estimate once the drill programme has been completed.
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