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11 Sep 2019 | 14:30

Cora Gold encounters high-grade mineralisation at Sanankoro discovery in Mali

Cora Gold said recent test results had demonstrated further high-grade gold mineralisation at its Sanankoro discovery in Mali.

Highlights included 31 metres at 1.39 grams per tonne of gold, including 7 metres at 3.14 grams per tonne.

'This latest set of drill results returned from Zone B has continued to provide strong encouragement that, in time, there is potential to define a robust gold structure through the heart of the 1,500-metre-long Zone B prospect at Sanankoro,' chief executive Jonathan Forster said.

'The results have provided valuable information, in particular, the core hole which confirmed the higher grades previously identified.'

'In an upcoming drill programme, we intend to utilise a more suitable drill rig for the ground conditions, allowing greater access to the whole zone, in the hope that we will be able to demonstrate that, similarly to the Selin and Zone A prospects at Sanankoro, there is the potential for exploitation by open pit in a future mining operation.'

'Our exploration team is looking to mobilise to site at the end of the wet season, early in the fourth quarter and I look forward to updating shareholders as further progress is made.'

At 2:30pm: (LON:CORA) Cora Gold Limited Ord Npv Di share price was -0.13p at 8p

Story provided by StockMarketWire.com
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