Business
Drilling Commenced at Permit in Senegal
Drilling Commenced at Permit in Senegal.
About this update from Cora Gold Ltd.
[{"type":"text","content":"\n \n \n RNS Number : 9253H\n Cora Gold Limited\n 30 March 2020\n \n \n \n \n Cora Gold Limited / EPIC: CORA.L / Market: AIM / Sector: Mining\n \n \n 30 March 2020\n \n \n Cora Gold Limited (\"Cora Gold\", \"Cora\" or \"the Company\")\n \n \n Drilling Commenced at Highly Prospective Madina Foulbé Permit in Senegal\n \n \n \n \n \n Cora Gold Limited, the West African focused gold company, is pleased to announce that it has commenced drilling at the highly prospective Madina Foulbé Permit (the \"Permit\"), located 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 \n \n Highlights\n \n \n ● \n Commenced 2,000m reverse circulation (\"RC\") drill programme at the Permit to test mineralisation at depth\n \n \n ● \n Initial two priority targets identified within the 260 sq km permit:\n \n \n o \n Tambor - 2.5km long gold anomaly \n \n \n o \n Madina - 2km long gold anomaly \n \n \n ● \n Drilling should be completed in April 2020 with results expected in Q2 2020\n \n \n ● \n Previous shallow rotary air blast (\"RAB\") reconnaissance drill results including:\n \n \n o \n 3m @ 41.2 g/t Au; and\n \n \n o \n 3m @ 7.9 g/t Au\n \n \n ● \n Solar hybrid installed to power the camp to reduce fuel consumption and CO2 emissions\n \n \n \n \n \n \n Bert Monro, CEO of Cora Gold, said,\n \n \n \"\n \n L\n \n ocated in one of the most prolific gold regions in Africa, we are very excited to be drilling at Madina \n \n \n Foulbé\n \n \n . Historical and more recent exploration results have given our team on the ground confidence ahead of undertaking the drilling campaign\n \n \n - the first time Cora has drilled this permit. We look forward to updating shareholders with progress on the drilling campaign in due course. Furthermore, we'll be keeping costs and our carbon footprint down at the camp having installed a small solar hybrid power system, which we plan to roll out across our other camps in the future.\n \n \n \n \n \n \n \"Following the announcement dated 25 March 2020, the Company remains cognisant of Covid-19; we are continuing exploration programmes, at this time, but have adapted our operations appropriately.\"\n \n \n \n \n \n Further Details\n \n \n The Company holds three p...