Business
Commencement of new drill programme at Sanankoro
Commencement of new drill programme at Sanankoro.
About this update from Cora Gold Ltd.
[{"type":"text","content":"\n \n \n \n RNS Number : 8301D\n Cora Gold Limited\n 02 November 2020\n \n \n \n \n Cora Gold Limited / EPIC: CORA.L / Market: AIM / Sector: Mining\n \n \n 2 November 2020\n \n \n Cora Gold Limited ('Cora', 'Cora Gold' or 'the Company')\n \n \n Commencement of new drill programme at the Sanankoro Gold Project \n \n \n \n \n \n Cora Gold Limited, the West African focused gold company, is pleased to announce the commencement of a new field programme at its Sanankoro Gold Project ('Sanankoro' or the 'Project') in the Yanfolila Gold Belt, Southern Mali. The initial focus of the work will be following up the new drill discovery at Dako II (RNS dated 29 July 2020). \n \n \n \n \n \n \n \n To view the RNS with maps and illustrations please use the following link:\n \n \n http://www.rns-pdf.londonstockexchange.com/rns/8301D_1-2020-10-30.pdf\n \n \n \n \n \n Highlights\n \n \n · \n Field teams and drill contractors currently mobilising to site\n \n \n · \n Initial 18 hole 1,520m Air Core ('AC') drill programme planned\n \n \n · \n Recent drill results, all in oxides, include:\n \n \n o \n 6m @ 1.48 g/t Au\n \n \n o \n 12m @ 1.52 g/t Au\n \n \n o \n 11m @ 1.28 g/t Au\n \n \n o \n 55m @ 0.50 g/t Au \n \n \n § \n incl. 7m @ 1.37 g/t Au\n \n \n · \n Historical drill intercepts from Gold Fields Ltd\n \n \n o \n 3m @ 86.8 g/t Au\n \n \n o \n 15m @ 0.5 g/t Au\n \n \n · \n Programme is first part of a planned resource growth programme\n \n \n \n \n Bert Monro, CEO, comments\n \n \n \"In July 2020, we reported the discovery of a new 1.5km long gold discovery at Dako II, 7km south of existing Sanankoro resources at Zone A. This was significant for a number of reasons, not least that it opens up the Fie Shear Zone as a new regional-scale, generative resource corridor trending +4km north-eastward from existing intercepts, into the Bokoro and Bokoro East permits. The emergence of this new Fie corridor opens up the eastern side of the Sanankoro setting to the discovery of new truckable resources.\n \n \n \n \n \n \n \"We remain focused on delivering a Definitive Feasibility Study on Sanankoro before the end of 2021 having already signed a US$21m term sheet on this basis earlier in the year (RNS dated 18 June 2020). Drilling out a larger resource at Sanankor...