Business
Sanankoro Update Including Upcoming Work Programme
Sanankoro Update Including Upcoming Work Programme.
About this update from Cora Gold Ltd.
[{"type":"text","content":"\n \nRNS Number : 6163T Cora Gold Limited 21 March 2019 \n\nCora Gold Limited / EPIC: CORA.L / Market: AIM / Sector: Mining\n21 March 2019\nCora Gold Limited (\"Cora Gold\", \"Cora\" or \"the Company\")\nUpdate on Sanankoro Gold Discovery Including Upcoming Work Programme\n \nCora Gold Limited, the West African focused gold exploration company, is pleased to provide an update on recent activity at its Sanankoro Gold Discovery (\"Sanankoro\" or \"the Project\") in the Yanfolila Gold Belt, Southern Mali, and its upcoming plans for its further development. \n \nMultiple gold zones have been identified at Sanankoro, which has a combined drill defined mineralised footprint of over 8km and an independently determined Exploration Target of 1-2 million ounces of gold with significant upside. \n \nHighlights\n· Technical work completed at Sanankoro has successfully continued to de-risk the project with the objective of defining a standalone gold mine \no Extensive additional oxide and sulphide targets requiring drilling represent further upside \n· Development strategy of focusing on a section of the deposit to advance into a smaller scale, revenue generative project that can be expanded on an incremental basis as future exploration significantly enlarges the resource \n· Areas with the potential to become higher grade starter pits are being outlined, as highlighted by recently reported drill results that included 46m at 4.48 g/t Au and 24m at 2.83 g/t Au\n· Favourable geology present at Sanankoro; with deeply weathered oxide gold zones, that are amenable to heap leach and Cyanide in Leach (\"CIL\"), with the potential for up to 97% gold recovery, which could enable low cost mining and processing\n· Detailed definition work to commence in the near term that will result in the fast tracking of a smaller scale project, including targeting a maiden mineral resource estimate\no If warranted by results, a Scoping Study will be initiated with reporting targeted in Q4 2019, with incorporation of an incremental expansion plan that could justify a target of +100,000oz per annum \n \n \nDr Jonathan Forster, Chief Executive Officer of Cora Gold, commented, \"Since l...