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Cora Gold Ltd.
Summary
| Project: | Sanankoro | |
|---|---|---|
| Deposit: | Sanankoro | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 12/5/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-12-2019: Cora Gold Ltd. announces a Resource Estimation report for its Sanankoro deposit at the Sanankoro project. Initial mineral resource estimate for project. Cora Gold Limited, the West African focused gold exploration company, is pleased to announc | |
| Resources: | (Resource, Inf.): 5.0Mt @ 1.6g/t Au fro 265Koz Au contained | |
| CP/QP: | [Resources]: Martin Pittuck (SRK Consulting (UK) Ltd.) | |
| ABSTRACT: | Cora Gold Limited, the West African focused gold exploration company, is pleased to announce that it has received a maiden pit constrained Mineral Resource Estimate (“MRE”) from independent consultants SRK Consulting (UK) Ltd (“SRK”) for its Sanankoro gold project in southern Mali (“Sanankoro” or ”the Project”). The MRE has been prepared in accordance with the JORC 2012 Code. This is an initial step in determining the overall potential of Sanankoro, which has a 1-2Moz Exploration Target within 100m of surface. Jonathan Forster comments, “We are pleased to announce the initial mineral resource estimate for Sanankoro, which was focused on the oxide, starter-pit, potential of the Project, targeting the opportunity for a low-cost mining operation. This estimate is the first step in defining the overall oxide potential at the Project, where to date less than a quarter of the 1-2Moz SRK Exploration Target has been tested. We have also been able to include a small amount of sulphide material in the MRE, confirming our belief that exploration expansion into the sulphide zones could provide significant future upside. “We remain on track to deliver an initial Scoping Study this quarter. This study will assist in de-risking the Project by establishing the framework for understanding the economics of a future mine development and also provide guidance for the on-going exploration programmes to maximise the delineation of further economic mineralisation.” | |
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