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Updated Mineral Resource Estimate at Sanankoro
Updated Mineral Resource Estimate at Sanankoro.
About this update from Cora Gold Ltd.
[{"type":"text","content":"\n \n \n \n RNS Number : 4561S\n Cora Gold Limited\n 16 November 2021\n \n \n \n Cora Gold Limited / EPIC: CORA.L / Market: AIM / Sector: Mining\n 16 November 2021\n Cora Gold Limited ('Cora' or 'the Company')\n Updated Mineral Resource Estimate at Sanankoro Gold Project\n \n Cora Gold Limited, the West African focused gold company, is pleased to announce an updated Mineral Resource Estimate ('MRE') prepared by CSA Global (UK) Ltd in accordance with The JORC Code (2012 Edition) for the Sanankoro Gold Project ('Sanankoro' or 'the Project') in Southern Mali. The updated MRE follows the recently completed ~43,000m drilling campaign at Sanankoro which focussed on Mineral Resource growth and upgrading existing Mineral Resources to higher confidence categories.\n \n HIGHLIGHTS\n \n ● \n +200% increase in total ounces from maiden MRE in December 2019 and significant upgrade to Indicated category using a 0.4g/t cut off and a US$1,800/oz optimised pit shell\n \n \n ● \n Pit constrained Mineral Resource Estimate of 21.9 million tonnes ('t') at 1.15 grams per tonne ('g/t') gold ('Au') for a total of 809.3 thousand ounces (koz) of Au, including:\n \n \n o \n 540.6 koz @ 1.33 g/t Au in the Indicated category\n \n \n o \n 268.7 koz @ 0.90 g/t Au in the Inferred category \n \n \n o \n All deposits remain open in all directions \n \n \n o \n Maiden Mineral Resource at Zone C\n \n \n ● \n The Company's strategy was to deliver open pit-able, free-digging oxide-focussed ounces for the on-going\n Definitive Feasibility Study ('DFS') - this MRE supports that potential with:\n \n \n o \n 67% of total ounces in the Indicated category \n \n \n o \n 77% of the gold is in the oxide zone with a further 22% in the transitional zone\n \n \n o \n Previous metallurgical testwork shows +94% recoveries (RNS dated 29 September 2020)\n \n \n o \n Base of oxidation ranges from 60m to 207m deep \n \n \n ● \n MRE based on around 7.5km surface expression of the total 33 linear km strike length of the potential mineralised zones identified in the 2018 Exploration Target of up to 2 Moz potential within 100 m of surface at Sanankoro (SRK, 2018) \n \n \n ● \n There are multiple higher grade ore shoots within the deposits which offer the potential for higher grade production in early years of mining\n...