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Cora Gold Ltd.
Summary
| Project: | Tekeledougou | |
|---|---|---|
| Deposit: | Woyoni, Kouroudian | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 5/1/2018 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-5-2018: Cora Gold Ltd. announces an Exploration/Drilling Update report for its Woyoni, Kouroudian deposit at the Tekeledougou project. Drilling results incl. 56m @ 2.23g/t Au from 48m. Cora Gold Limited, the West African focused gold exploration company | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jon Forster (Internal) | |
| ABSTRACT: | Cora Gold Limited, the West African focused gold exploration company, is pleased to provide highly encouraging assay results from the initial 2,007m aircore ("AC") and reverse circulation ("RC") reconnaissance drilling campaign at the Tekeledougou Permit ("Tekeledougou" or "the Project") in southern Mali. Dr Jonathan Forster, Cora's CEO commented, "These are exciting new gold discoveries and hold great promise for further development. Some excellent grades and widths, a deep weathering profile which signifies the potential for lower cost mining, and both discoveries' proximity to an operational processing plant underpin the outstanding potential which we see at Tekeledougou. I look forward to promptly pursuing these discoveries, with follow up infill and extensional RC programmes being planned, as well as some core drilling to help understand the new systems." The Company completed three drill fences over a strike length of approximately 250m at Woyoni, which is the site of historical artisanal gold mining. Outside of the artisanal workings, the mineralising structure lies beneath transported material with little surface expression for gold mineralisation. The drilling, which tested to a vertical depth of between 80m to 100m, identified a broad zone of quartz veining in excess of 30m in true width. The structure is interpreted to comprise a combination of N-S and E-W quartz veins hosted by a sedimentary sequence of predominantly sandstones and siltstones. | |
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