Cora Gold Ltd said it had identified two new gold discoveries as it announced the first results from its 2022 drill programme at the Sanankoro gold project in southern Mali.
PROGRAMME
The drill programme comprised 11 aircore (AC) shallow holes for 897m and 78 reverse circulation (RC) holes for a total of 6,992m.
This included 4,958m at Zone B North; 1,092m at Selin South, 504m at Fode 1 and 438m at Target 6.
Drilling aimed to convert existing inferred mineral resources to indicated as well as to identify new discoveries at Sanankoro.
RESULTS
Drill results consist of all the AC holes and the first 28 RC holes completed at Zone B North, with drill results for the later RC holes expected soon.
RC drill results at Zone B North include:
– 25m @ 2.38 g/t Au from 65m in hole SC0595
– 27m @ 1.40 g/t Au from 18m in hole SC0600
– 5m @ 4.64 g/t Au from 48m in hole SC0598
– 20m @ 1.09 g/t Au from 83m in hole SC0597
– 8m @ 2.47 g/t Au from 39m in hole SC0593
– 8m @ 1.88 g/t Au from 39m in hole SC0593
– 8m @ 1.74 g/t Au from 37m in hole SC0583
NEW DISCOVERIES
Cora said that two new discoveries of Fode 1 and Target 6 were both in close proximity to the existing mineral resources.
AC drill results include:
– 2m @ 3.56 g/t Au from 41m in hole SC0572 at Fode 1
– 6m @ 0.65 g/t Au from 66m, including 2m @ 1.62 g/t Au in hole SC0573 at Fode 1
– 3m @ 1.24 g/t Au from 7m in hole SC0579 at Target 6
The company is awaiting results from RC follow-up drill holes at the discoveries.
“The recent identification of two new gold discoveries, Fode 1 and Target 6, is an exciting new development and we look forward to getting the RC drill results that followed up the initial shallow AC holes,” said chief executive Bert Monro.
“The first holes of the RC programme have delivered a number of shallow oxide intercepts, including 25m @ 2.38 g/t Au, which continues to give us early encouragement from the first holes of the programme.”