Business
Sanankoro Exploration Target 2022
Sanankoro Exploration Target 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 7\n November\n 2022\n \n \n \n Cora Gold Limited ('Cora' or 'the Company')\n \n \n \n \n Sanankoro Exploration Target 2022\n \n \n \n \n \n \n \n \n Cora Gold Limited, the West African focused gold company, is pleased to announce the results of an Exploration Target estimate ('Exploration Target') for the Company's wider Sanankoro Gold Project ('Sanankoro' or the 'Project') in southern Mali completed by independent consultancy CSA Global. The Exploration Target, based on data from historical drill programmes and other exploration activity, defines the mineralised potential of the areas currently drilled at Sanankoro. Further exploration potential is still considered likely due to limited exploration activity outside of the known structures hosting the Indicated and Inferred Mineral Resources.\n \n \n \n \n \n \n Highlights\n \n \n \n ●\n The Exploration Target for Sanankoro is estimated to contain between 26.0 Mt and 35.2 Mt with a grade range of 0.58 g/t Au to 1.21 g/t Au for a potential content of 490 koz Au to 1,370 koz Au\n \n \n ●\n The Exploration Target is in addition to the Indicated and Inferred Mineral Resource of 24.9 Mt at 1.15 g/t Au for 920 koz announced on 19 July 2022\n \n \n ●\n In total, 12 areas comprise the Exploration Target, with three areas responsible for over 50% of the Exploration Target, these being Target 3, Target 5 & 6 and Selin-Bokoro West Extension \n \n \n ●\n Oxide and transitional material make up +90% of the Exploration Target\n \n \n ●\n The Exploration Target will form the basis of future drill programmes to expand the recently published July 2022 Mineral Resource estimate\n \n \n ●\n The Exploration Target was focused on brownfield areas within 8km\n of the existing Mineral Resource and was predominantly estimated using drill data\n \n \n \n \n \n \n \n \n Bert Monro, Chief Executive Officer of Cora, commented,\n \n \n \"This Exploration Target, focused on brownfield areas at Sanankoro, all within 8km of existing deposits, is clear evidence of our opportunity to considerably expand our Mineral Resource over time. The Exploration Target shows the uplift potential for an additional 1.37 Moz of gold over and above our existing 920 koz Mineral Resource at Sanankoro.&n...