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Cora Gold Ltd.
Summary
| Project: | Sanankoro | |
|---|---|---|
| Deposit: | Sanankoro | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 7/26/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 26-7-2018: Cora Gold Ltd. announces an Exploration/Drilling Update report for its Sanankoro deposit at the Sanankoro project. Drilling results incl. 52m @ 2.41g/t Au from 14.0m. Cora Gold Limited, the West African focused gold exploration company, is plea | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Johnathan Forster (Internal) | |
| ABSTRACT: | Cora Gold Limited, the West African focused gold exploration company, is pleased to provide further assay resultsindicating shallow, broad zones of high grade gold mineralisation from its Sanankoro Gold Discovery (“Sanankoro” or “the Project”) in southern Mali. Furthermore, with the onset of the wet season (JuneOctober), the successful 2017/2018 drilling campaign has now been completed and the Company awaits approximately 900 assays, primarily relating to the Tekeledougou Project in southern Mali (“Tekeledougou”), which will be released once available. Dr Jonathan Forster, Cora’s CEO commented, “We are continuing to identify new zones of gold mineralisation, enhancing the large-scale potential of the Sanankoro gold discovery. We have now delineated approximately 8km of drill defined gold mineralized structures, forming the basis of future drill programmesfocusing on mineral resource definition. Thisfurther increases our confidence in the potential for Sanankoro to be a standalone mine. We have been highly encouraged by this set of drilling resultsfrom Sanankoro, which shows broad zones of mineralization with good grades in the reconnaissance step out holes at the northern end of “Target 1” which was discovered in the initial drill programme. These results potentially increase the length of this new mineralised structure (Target 1) to over 2 km. “We have made fantastic progress on the ground since our IPO in October 2017 and with the wet season rains commencing, drilling has now been concluded at both Sanankoro and Tekeledougou for this exploration season. This has been a very successful exploration campaign with more than 18,000m of combined AC, RC and diamond drilling completed across both projects. We look forward to releasing the final results from the work programme as they become available. | |
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