Business
Highly Prospective Madina Fulbe Permit Renewed
Highly Prospective Madina Fulbe Permit Renewed.
About this update from Cora Gold Ltd.
[{"type":"text","content":"\n \nRNS Number : 3129J Cora Gold Limited 29 March 2018 \n\nCora Gold Limited / EPIC: CORA.L / Market: AIM / Sector: Mining\n29 March 2018\n Cora Gold Limited (\"Cora Gold\", \"Cora\" or \"the Company\")\nHighly Prospective Madina Fulbe Permit Renewed with Two Exciting Targets\n \nCora Gold Limited, the West African focused gold exploration company, is pleased to announce that the highly prospective Madina Fulbe Permit (\"Madina\" or the \"Permit\"), which is located in eastern Senegal within the prolific Kedougou-Kenieba-Inlier gold region, has been renewed. The Permit has been awarded to the Company's joint venture company, BB First Commodity Holding Ltd (known previously as SN Mineral Mining Limited), following the lapse of a previous permit covering the same area as referred to in the Company's announcement of 9 October 2017. To view the press release with the illustrative maps and diagrams, please click on the following link:http://www.rns-pdf.londonstockexchange.com/rns/3129J_-2018-3-28.pdf\n \nHighlights\n· Highly prospective gold permit covering the previously announced Madina Fulbe licence held through the Company's joint venture partner BB First Commodity Holding Ltd (\"BB\") has been renewed\n· Located in prolific Kedougou-Kenieba-Inlier between Mali and Senegal which has seen over 50 million ounces of gold discovered\n· Two exciting targets already identified and ready to drill with large soil geochemical anomaly\n· Strong shallow reconnaissance drill results including:\no 3m @ 41.2g/t Au; and\no 3m @ 7.9g/t Au.\n \nDr Jonathan Forster, CEO of Cora Gold, said \"Madina Fulbe is located in one of the most prolific gold regions in Africa and presents an exciting opportunity for Cora Gold. The permit has had early stage exploration and shallow reconnaissance drilling completed from which two prospects were identified, both of which are overlain by large geochemical anomalies. We think it is clear that the reconnaissance drilling, which showed the potential for strong grades, has not properly tested either of the structures. We look forward to completing the first stage of systematic exploration drilling at both prospects in due course.\"\n \nMadina Fulbe\nCora has r...