Business
Positive Update from Sanankoro Gold Discovery
Positive Update from Sanankoro Gold Discovery.
About this update from Cora Gold Ltd.
[{"type":"text","content":"\n \nRNS Number : 3189V Cora Gold Limited 02 November 2017 \n\nCora Gold Limited / EPIC: CORA.L / Market: AIM / Sector: Mining\n2 November 2017 \n Cora Gold Limited (\"Cora Gold\", \"Cora\" or \"the Company\")\nStrong Continuity and Broad Nature of Gold Mineralisation Confirmed at Sanankoro Gold Discovery \nand Issue of Shares\n \nCora Gold Limited, the West African focused gold exploration company, is pleased to announce a positive update from its flagship Sanankoro Gold Discovery (\"Sanankoro\" or \"the Project\") in Southern Mali (Figure 1). To view the press release with the illustrative diagrams please use the following link: \nhttp://www.rns-pdf.londonstockexchange.com/rns/3189V_-2017-11-1.pdf\n \n \nHighlights\n· Review of Gold Fields historical data from Sanankoro complete underpinning project potential\n· Historical laboratory assay certificates for Gold Fields drilling acquired\n· Selected drill intercepts include: \no 25 metres @ 2.1g/t Au from 4 metres below surface;\no 23 metres @ 2.3g/t Au from 62 metres below surface;\no 27 metres @ 1.8g/t Au from 21 metres below surface;\no 26 metres @ 1.7g/t Au from 37 metres below surface; and\no 22 metres @ 1.4g/t Au from 72 metres below surface.\n· Broad zones of mineralisation present with potential mineable widths \n· Strong continuity of mineralisation observed between sections of historical drilling\n· Presence of potential shallow plunging higher grade shoots identified in preliminary long section \n· Potential for repetition of mineralised structures parallel to the two identified structures\n· Drill programme scheduled for late November 2017, initially targeting about 4 km strike length of structure\n \nJon Forster, CEO of Cora Gold said, \"Sanankoro is a discovery of substantial potential and the indication of shallow plunging higher grade shoots within a lower-grade halo is particularly encouraging and provides us with immediate follow up targets for future drilling. The level plan confirmed the remarkable continuity of the gold bearing structure throughout Zones A and B. We believe this continuity sh...