Cora Gold Ltd has found “highly encouraging” signs of “significant underlying gold systems” from drilling results at Madina Foulbé located within the Mako gold belt of the Kédougou-Kéniéba Inlier – in eastern Senegal.
DEPTH
Exploration focused on the four key targets of Tambor, Tombolo South, Madina and Diombalou gold anomalies.
Work included reviewing historical data, reinterpreting regional magnetics, and first-pass multi-element soil and lithology geochemistry.
The company aim was to asses whether an on-site portable X-ray fluorescent analyser would help refine and identify new drill targets.
From the results, Cora has identified four key zones of interest at Tambor and two at Tombolo South.
Madina and Diobmalou showed outcropping mineralisation at surface with no signs of artisanal workings.
Head of geology Murray Paterson said that the four “strong” gold anomalies at Madina Foulbé had previously shown “encouraging” results from early-stage exploration.
“Tambor is the largest of the four, and now that we have established a clear link between the mafic lithologies and gold mineralisation over a large area, it is an extremely promising sign of what might lie at depth underneath the gold soil anomaly.
“For our team, this is an exciting drill target in an easy to explore area, and we are eager to pursue further exploration activities with a view to expanding our global resource inventory.
“In addition to Tambor, we have a further three prospective gold soil anomalies present, all of which indicate they have in-situ resource potential, which further underpins Madina Foulbé as a highly valuable and high reward project for the company.”
Chief executive Bert Monro added that although Cora’s main gold project is Sanankoro in Mali, the drilling targets identified at Madina Foulbé could be “transformational” for the company.