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Cora Gold Ltd.
Summary
| Project: | Sanankoro | |
|---|---|---|
| Deposit: | Zone A | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 2/26/2019 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 26-2-2019: Cora Gold Ltd. announces an Exploration/Drilling Update report for its Zone A deposit at the Sanankoro project. Drilling results incl. 24m @ 2.83g/t Au from 56m. Cora Gold Limited, the West African focused gold exploration company, is pleased t | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jonathan Forster (Internal) | |
| ABSTRACT: | Cora Gold Limited, the West African focused gold exploration company, is pleased to provide initial results (the “results”) from its recently completed aircore ("AC") / reverse circulation ("RC") drill programme at the Sanankoro Gold Discovery ("Sanankoro" or "the Project") in the Yanfolila Gold Belt, Southern Mali where the focus has been outlining higher grade areas. Dr Jonathan Forster, Cora’s CEO commented, “These initial results from our latest drill programme are particularly encouraging. The results reported from the Zone A prospect vindicate our strategy of focusing on oxide deposit areas that have the potential to become higher grade starter pits for a future development opportunity. The continuity of the widths, grades and near surface location of the gold mineralisation is potentially indicative of a zone that is in the ‘sweet spot’ with potential for future economic extraction; in particular given the very deep weathering that has resulted in oxidation to depths of 90m or more.” This latest drill programme comprised four RC holes (381 metres) and one core hole (76 metres) and provided confirmation and infill of historical drilling at the Zone A prospect on the Sanankoro structure. These are the first set of results received from the targeted drill programme involving 3,000m of AC / RC drilling and 200m of core drilling at Sanankoro (announced 21 December 2018). The drill results demonstrate good continuity of geological units, comprising a hanging wall of finer grained sandstone and siltstone overlying coarse grained sandstone and volcanoclastic grits. Gold mineralisation and quartz veining is typically controlled by the coarser grained rocks. All holes ended in oxidised material, to vertical depths of about 90 metres. This work, in conjunction with historical drilling indicates that oxides extend to about 90-100m vertical depth in this area. It should be noted that from surface 15-20m have been depleted by historical artisanal mining. | |
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