Cora Gold Limited, the West African focused gold company, has discovered a new 1,5 km gold zone at its flagship Sanankoro Gold Project in Mali.
This follows results from a reconnaissance aircore drilling programme at the Bokoro II permit, which borders the Sanankoro permit to the east. The objective of this reconnaissance exploration was to test for new zones of potentially near surface economic gold mineralisation within a 5 km radius of the main focus of the existing Sanankoro deposits. Many similar targets remain to be tested.
Bert Monro, CEO of Cora Gold, comments: “The results are extremely positive given that it is the first time the Bokoro permit has been systematically drilled by Cora, with the programme achieving its objective by successfully delineating a 1,5 km gold zone that lies close to Selin, one of our existing deposits. With many similar oxide targets remaining within the project area in close proximity to the defined resources, upside oxide potential remains significant, even before considering the future potential for the deeper sulphide mineralisation.
“Cora remains focused on the Sanankoro Gold Project, and with a very positive Scoping Study and a recently signed US$21-million term sheet with Lionhead Capital to support its future development on completion of a DFS this continues to be a very exciting time for the company.”
Cora continues to advance a portfolio of projects located in two world class gold regions in Mali and Senegal in West Africa, namely the Yanfolila Gold Belt (south Mali) and the Kedougou-Kenieba Inlier gold belt (also known as the Kenieba Window) (west Mali / east Senegal).