Cora Gold Ltd said it continued to be impressed with results as it ended phase 1 of the drilling campaign at the Selin prospect at the Sanankoro gold project, southern Mali.
The junior miner is nearing the halfway mark of its largest ever drilling campaign, which began in March 2021.
The company plans to drill up to 35,000m by the end of July 2021 to target resource growth and infill drilling to convert existing inferred resources to indicated.
RESULTS
The fourth set of results from phase 1 (P1) drilling at Selin include:
56m @ 3.54 g/t Au from 22m, including 21m @ 8.17 g/t Au in hole SC0360
13m @ 2.40 g/t Au from 45m, including 2m @ 9.91 g/t Au in hole SC0354
18m @ 1.97 g/t Au from 56m in hole SC0349
10m @ 1.90 g/t Au from 50m in hole SC0357
14m @ 1.17 g/t Au from 34m in hole SC0356
Cora also reported 550m of mineralised extensions to existing resources and that Selin remained open in all directions.
There were also additional positive results from the middle of Selin where there was previously a gap in resources between two pit shells.
Infill holes demonstrated very good continuity from existing inferred resource.
The miner added that rigs would shortly start drilling deeper holes at Selin as part of the phase 2 programme which targets deepening existing shallow 65m pit shells.
PROGRAMME
Cora has to date drilled 163 holes totalling more than 16,000m and reported 5,168m of assay results from the start of the campaign to 2 June 2021.
A third rig from GEODRILL will start drilling shortly while Capital Drilling’s diamond core rig has begun a core programme of more than 2,000m.
Chief executive Bert Monro said that the company remained on schedule and budget to complete the resource expansion and upgrade programme. A revised mineral resource estimate is expected during H2 2021.
“I continue to be hugely impressed with the work all the Cora team and our contractors are doing on site.
“56m @ 3.54 g/t Au from 22m in more shallow oxides is another fantastic drill hole in this campaign.
“Having just completed phase 1 drilling at Zone A and B, with results for that to follow shortly, the rigs are returning to Selin for the phase 2 programme aiming to extend the average 65m pit shell deeper.
“This is an extremely exciting time for the company with plenty more news to come from this ongoing programme.”