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Exploration Target Report Available on Website
Exploration Target Report Available on Website.
About this update from Cora Gold Ltd.
[{"type":"text","content":"\n \nRNS Number : 3787F Cora Gold Limited 29 October 2018 \n\n \nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (\"MAR\")\n \nCora Gold Limited / EPIC: CORA.L / Market: AIM / Sector: Mining\n29 October 2018\nCora Gold Limited (\"Cora Gold\" or \"the Company\")\nFull Exploration Target Report Available on Website\n \nCora Gold Limited, the West African focused gold exploration company, is pleased to announce that further to the announcement of 15 October 2018, the full Exploration Target Report prepared by SRK Consulting (UK) Ltd (\"SRK\") is now available on the Company website here: http://www.coragold.com/2018/10/29/srk-exploration-target-report-sanankoro/.\n \nIn the report SRK has determined an initial Exploration Target for the Sanankoro Gold Discovery in southern Mali (\"Sanankoro\") of between 30 and 50 million tonnes of gold ore at a grade of between 1.0 and 1.3 g/t Au. The report has confirmed the Company's internal conviction that Sanankoro has the potential to delineate 1.0-2.0 million ounces (\"Moz\") to a depth of 100m, indicative of significant potential further upside at depth.\n \nDr Jonathan Forster, Cora Gold's CEO, commented, \"It is very pleasing to have our confidence in the gold potential of the Sanankoro project confirmed by SRK's independent review. The Exploration Target of 1.0-2.0 Moz is taken only to a vertical depth of 100m. In an environment where depth of oxidation ranges from about 50m to in excess of 100m, this suggests that potential for significant upside remains at depth. Large tonnages of oxide ore, which in many places is represented by soft saprolitic ore, should be amenable to low cost mining and processing which could also be beneficial for the early stages of mine development.\n \n\"SRK's report will now act as a springboard for the next stage of our strategy. We are currently planning a programme which will be seeking to define the strike extent and depth potential of higher-grade zones which might be suitable as 'starter pits' for any future standalone gold mine.\"\n \n**ENDS**\n \nFor further information, please visit http://www.coragold.com or contact:\n \n\n\n\nJon Forster\n\n\nCora Go...