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Cora Gold Ltd.
Summary
| Project: | Sanankoro | |
|---|---|---|
| Deposit: | Target 1 | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 1/29/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 29-1-2018: Cora Gold Ltd. announces an Exploration/Drilling Update report for its Target 1 deposit at the Sanankoro project. Drilling results incl. 17m @ 5.43g/t Au from 67m. Cora Gold Limited, the West African focused gold exploration company, is pleased | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Johnathan Forster (Internal) | |
| ABSTRACT: | Cora Gold Limited, the West African focused gold exploration company, is pleased to announce the first results from stage 1 of its on-going drilling programme at its flagship Sanankoro Gold Discovery (“Sanankoro” or “the Project”) in southern Mali, with extremely encouraging high-grade gold intercepts reported of up to 52.80 grams per tonne (“g/t”). Dr Jonathan Forster, CEO of Cora Gold said, “This initial drill programme has delivered impressive grades of gold and has vindicated our strategy of stepping away from the known zones of gold mineralisation at Sanankoro to demonstrate the extensive gold endowment of the belt. The results, which are shallow with broad zones of high grade mineralisation, provide great encouragement with respect to the mineralised potential of the over 15km of identified strike at Sanankoro. We have numerous clear drill targets that are not yet tested by AC (air-core) or RC (reverse circulation) drilling which may have similar styles of gold mineralisation and, as a consequence, our belief in the 1 million-plus ounce potential of the project is enhanced.” The drilling programme at Target 1 has tested just 1.5km of a greater than 7km long structure on a reconnaissance basis, with drill fences orientated E-W and set mainly 320m apart. The final fence tested the structure about 1.7km further to the south, at the northern end of a 450m long zone of artisanal mining. Drilling comprised a mix of both AC and RC holes to vertical depthstypically ranging from 60-100m. | |
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