Exploration & Mining News

Cora Gold results show resource quality at Sanankoro

Cora Gold Ltd has announced its fifth set of drill results from its largest ever drilling campaign at its Sanankoro gold project in Southern Mali.

Drill: Cora Gold says the results confirm good widths and grade in oxide ore in Zone A at Sanankoro in Southern Mali (Cora Gold)

The company aims to drill up to a total 35,000m by end of July 2021 to increase resource as well as infill drilling to convert existing inferred resources to the indicated category.

The latest set of results are the first from Zone A and confirm good widths and grade in oxide ore, added Cora.

29m @ 3.23 g/t Au from 66m in hole SC0365

32m @ 1.63 g/t Au from 32m in hole SC0366

14m @ 2.70 g/t Au from 63m and 12m @ 1.57 from 46m in hole SC0362

24m @ 1.64 g/t Au from 17m in hole SC0364

4m @ 8.51 g/t Au from 40m in hole SC0368

SIGNIFICANCE

Cora said that the intercepts reported to date illustrated the open pit resource-quality and continuity of the Zone A-style mineralisation.

ResourceTypeHolesMetres
Zone ARC646,922
Zone B1RC192,514
Zone B3RC231,936
Zone CRC57963
Selin RCRC575,251
Selin DDDD3754.6
Total Drilling17418,340.6
Table 1: Sanankoro 2021 Drill Statistics (Cora Gold)

Results from a further 50 holes from the Zone A P1 programme are expected over the next month.

DRILL PROGRESS

Cora has drilled 174 holes totalling more than 18,340m since the start of the campaign until 14 June 2021.

All three rigs are currently drilling at Selin in phase 2 (P2) drill programme targeting deeper holes to deepen existing shallow, average 65m depth, pit shells.

A fourth rotary air blast rig owned by Cora is completing sterilisation drilling on potential process plant and tailings storage facility sites.