Business
Interim Results for the Six Months to 30 June 2022
Interim Results for the Six Months to 30 June 2022.
About this update from Cora Gold Ltd.
[{"type":"text","content":"\n \n \n Cora Gold Limited / EPIC: CORA.L / Market: AIM / Sector: Mining\n \n \n \n 5 September 2022\n \n \n Cora Gold Limited ('Cora' or 'the Company')\n \n \n Interim Results for the Six Months Ended 30 June 2022\n \n \n Cora Gold Limited, the West African focused gold company, is pleased to announce its unaudited interim results for the six months ended 30 June 2022.\n \n \n Highlights\n \n ● In H1 2022:\n ● a drill programme at the Sanankoro Gold Project ('Sanankoro' or 'the Project') in southern Mali was completed, which focused on converting additional ounces ('oz') from the Inferred to the Indicated category\n ● the updated Mineral Resource Estimate ('MRE') for Sanankoro announced in July 2022 reported:\n ● 14% increase in total MRE ounces compared to the previous MRE (November 2021)\n ● 22% increase in oxide Indicated Mineral Resources\n ● comprised 24.9 Mt of material at a grade of 1.15 g/t Au (at a cut-off grade of 0.4 g/t Au), of which 16.1 Mt are Indicated Mineral Resources and 8.7 Mt are Inferred Mineral Resources for a total 920 koz Au:\n ● 657 koz @ 1.27 g/t Au Indicated category\n ● 263 koz @ 0.94 g/t Au Inferred category\n ● two new discoveries made in close proximity to existing resources at Sanankoro\n ● geological field work was carried out on a number of Cora's other permits in southern Mali\n ● The ongoing Definitive Feasibility Study ('DFS') for Sanankoro is expected to be completed in Q3 2022\n ● Cash at end of June 2022 of over US$2 million\n \n \n Bert Monro, Chief Executive Officer of Cora, commented, \"The first six months of this year has once again been successful for the Company, with the focus of work being principally on Cora's flagship Sanankoro Gold Project where the ongoing DFS is nearing completion. The objective of the 2022 drill programme at Sanankoro was to add oxide Indicated ounces, so as to enhance the Reserve potential in the upcoming DFS. The resulting MRE delivered on that plan, reporting an Indicated Mineral Resource of 16.1 Mt @ 1.27 g/t Au for 657 koz. The drill programme had a very good conversion from Inferred to Indicated which also bodes well for future infill programmes on the 263 koz of Inferred material.\n \n \"New discoveries made during H1 2022 in close proximity to existing resources at Sanankoro also show that there is plenty of poten...