Share Prices & Company Research

Market News

18 Feb 2021 | 14:59

Cora Gold gets another nine years on Farassaba III permit

(Sharecast News) - West Africa-focussed Cora Gold said on Thursday that the Farassaba III permit has been re-awarded for a new nine-year term. The AIM-traded firm said the new permit, which covers the same 93 square kilometre area as the expired permit, comprised part of the more-than-300 square kilometre group of four permits collectively known as its Yanfolila Project Area.

It said the Yanfolila area is located around Hummingbird Resources' Yanfolila Gold Mine, adding that the permits ranged between eight and 30 kilometres in distance from the Yanfolila processing plant.

"Farassaba III is one of four Cora permits that surround the operating two million ounce Yanfolila Gold Mine," said chief executive officer Bert Monro.

"The permits range from only 8km from the processing plant up to around 30 kilometres away so are within possible trucking distances if economic discoveries are proven on the permits.

"Cora has had some exciting drill results across this portfolio of permits and looks forward to completing further exploration on the ground during 2021."

At 1442 GMT, shares in Cora Gold were down 3.06% at 8.24p.
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
Continuing our Personal Service: View our Latest COVID-19 Update: 30th April 2021
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.