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Drill Results from Madina Foulbé Permit in Senegal
Drill Results from Madina Foulbé Permit in Senegal.
About this update from Cora Gold Ltd.
[{"type":"text","content":"\n \n \n RNS Number : 0322M\n Cora Gold Limited\n 06 May 2020\n \n \n \n \n Cora Gold Limited / EPIC: CORA.L / Market: AIM / Sector: Mining\n \n \n 6 May 2020\n \n \n Cora Gold Limited (\"Cora Gold\", \"Cora\" or \"the Company\")\n \n \n First Drill Results from Madina Foulbé Permit in Senegal\n \n \n \n \n \n Cora Gold Limited, the West African focused gold company, is pleased to announce the first set of results received from the 2,000m Reverse Circulation (\"RC\") drill programme at the Madina Foulbé Permit (the \"Permit\") (see RNS dated 30 March 2020). The Permit is in eastern Senegal within the prolific Kedougou-Kenieba Inlier gold region, which historically has seen over 50 million ounces of gold discovered. \n \n \n \n To view the announcement with illustrative maps and diagrams please use the following link: \n http://www.rns-pdf.londonstockexchange.com/rns/0322M_1-2020-5-5.pdf\n \n \n \n Highlights\n \n \n ● \n 642m of drilling has been completed in 8 holes of f\n irst reconnaissance 2,000m RC drill programme at the 260 sq km Madina Foulbé Permit\n \n \n o \n Priority targets include Tambor and Madina, 2.5km and 2km long gold-in-soil anomalies respectively\n \n \n o \n Programme is currently suspended due to COVID-19 restrictions and will be completed when conditions allow \n \n \n ● \n Results to date have confirmed the initial model with extensive zones of gold mineralisation across the area tested so far:\n \n \n o \n 47m @ 0.63 g/t Au from 27m including;\n \n \n ▪ \n 1m at 16.4 g/t Au from 40m in hole MFC007\n \n \n o \n 36m @ 0.53 g/t Au from 6m including;\n \n \n ▪ \n 3m at 3.78 g/t Au from 12m in hole MFC001\n \n \n o \n 27m @ 0.47 g/t from 45m in hole MFC002\n \n \n \n \n \n \n Bert Monro, CEO of Cora Gold, said,\n \n \n \n \"Having completed around one third of the maiden RC drill programme at Madina \n \n \n Foulbé,\n \n \n which was designed to gain an understanding of the likely style and width of mineralisation within this large granitic system, we are pleased to have continuously intersected good widths of mineralisation albeit \n \n \n at relatively low\n \n \n grades from initial results. Much of the Tambor target remains to be drilled and this first indication of a consistent gold mineralis\n \n \n ed\n \n \n ...