Cora makes new discovery at Sanankoro gold project
Aim-listed Cora Gold has discovered a new 1.5 km gold zone at its flagship Sanankoro gold project, in Mali.
This follows results from a reconnaissance aircore drilling programme at the Bokoro II permit, which borders the Sanankoro permit to the East.
The objective of this reconnaissance exploration was to test for new zones of potentially near-surface economic gold mineralisation within a 5 km radius of the main focus of the existing Sanankoro deposits.
Many similar targets remain to be tested.
First pass shallow reconnaissance drilling at Bokoro II discovered a new 1.5 km gold zone about 1 500 m to the south of the Selin deposit on the adjacent permit to Sanankoro.
Drilling was focused on two areas of extensive historical artisanal mining.
Sixty-seven shallow oxide holes were drilled to a maximum depth of 80 m, with multiple holes ending in mineralisation.
"These results are extremely positive given that it is the first time the Bokoro permit has been systematically drilled by Cora, with the programme achieving its objective by successfully delineating a 1.5 km gold zone that lies close to Selin, one of our existing deposits.
"With many similar oxide targets remaining within the project area in close proximity to the defined resources, upside oxide potential remains significant, even before considering the future potential for the deeper sulphide mineralisation,” says Cora CEO Bert Monro.
"Cora remains focused on the Sanankoro gold project, and with a very positive scoping study and a recently signed $21-million term sheet with Lionhead Capital to support its future development on completion of a definitive feasibility study this continues to be a very exciting time for the company,” he adds.
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