Cora posts promising first 2021 Sanankoro drill results

Cora Gold Ltd announced “extremely promising” first results from its 2021 drill programme at Sanankoro gold project in Southern Mali.

The miner has to date drilled 79 holes totalling more than 7,500m from the start of the campaign to 18 April.

The first 58 holes totalling some 5,531m, were drilled at the Selin prospect in the north, and a further 21 holes comprising 2,223m at Zone A prospect to the south. 

RESULTS

Results from the first four sections involving eight reverse circulation (RC) holes totalling the first 817m of the programme include:

34m @ 1.98 g/t Au from 13m, including 3m @ 17.78 g/t Au in hole SC0312

52m @ 1.78 g/t Au from 20m, including 7m @ 4.21 g/t Au in hole SC0311

16m @ 1.31 g/t Au from 50m SC0306 and

4m @ 2.59 g/t Au from 83m in hole SC0306

13m @ 1.24 g/t Au from 68m in SC0309

Cora said that two further rigs were due to arrive during May 2021 for a 2,500m diamond core programme supervised by Capital Drilling and a second RC rig in mid-May 2021 from GEODRILL.

Some 300 holes and 35,000m of drilling – the largest single programme Cora has undertaken – are planned by the end of July 2021 to increase resource and convert existing inferred resources to indicated by infill drilling.

The rig continues to drill at Zone A as part of a larger 4,410m Phase 1 first-pass programme.

POTENTIAL

Chief executive Bert Monro said that today’s results further emphasised the potential of the Selin deposit.

“The first drill results of our largest drill campaign at Sanankoro are extremely promising.

“Following the completion of the drill programme, the company will be targeting an update to its mineral resource estimate.”   

Cora’s main focus is Sanankoro in the Yanfolila gold belt, which the miner believes has the potential for a standalone mine development.