Cora Gold Ltd reported further strong results from its largest ever drilling campaign at its Sanankoro gold project, Southern Mali.
The company plans to drill up to 35,000m by the end of July 2021 to target resource growth as well as infill drilling to convert existing inferred resources to indicated.
A total of 116 holes have been so far drilled for more than 11,000m since start of the campaign in March to the 3 May 2021.
A booster compressor arrived last week and deeper holes are expected to commence imminently
Cora Gold expects another reverse circulation (RC) rig and one diamond core (DC) rig on site during May 2021.
RESULTS
Results announced today from the Selin deposit in the north include:
– 24m @ 2.50 g/t Au from 16m, including 6m @ 5.53 g/t Au in hole SC0331
– 23m @ 1.55 g/t Au from 47m in SC0332
– 28m @ 1.54 g/t Au from 17m in SC0327
– 22m @ 1.47 g/t Au from 27m in SC0326
– 20m @ 2.04 g/t Au from 20m in SC0328
– 16m @ 1.67 g/ Au from 62m in SC03294m @ 9.06 g/t Au from 81m in SC0325
Cora added that the results from April 2021 were preliminary while the company awaited final fire assays on the sample tails. The completed results show increased average grades of:
– 54m @ 2.07 g/t Au from 20m (prelim. result 52m @ 1.78 g/t incl. 7m @ 4.21 g/t) including 2m @ 17.71 g/t Au in hole SC0311
– 34m @ 2.14 g/t Au from 13m (pr 34m @ 1.98 g/t incl. 3m @ 17.78 g/t) including 3m @ 19.14 g/t Au in SC0312
– 13m @ 2.09 g/t Au from 68m in SC0309 (pr 13m @ 1.24 g/t)
Chief executive Bert Monro said the results comprised more shallow oxide intersections with good grades.
“We plan to start drilling deeper holes within a week as we aim to push the shallow inferred resource pit deeper.
“The current inferred pit shell has an average vertical depth of only 65m, from limited drilling at the time, so we eagerly await the results from these deeper holes once drilled.”