Cora Gold notes ‘world class’ intersect at Sanankoro

Cora Gold Ltd reported a “world class” intersection with 19m @ 31.56 g/t Au from 65m at the Sanankoro gold project in southern Mali.

The company added that its sixth set of drill results from the Phase 1 drilling at Zones A and C further reinforced the mineable quality of the Sanankoro gold structures.

The gold grades are higher than historical results at Zone A and B and offer further potential.

Zone A results includes:
19m @ 31.56 g/t Au from 65m – the intercept starts 50m below existing pit shell at Zone A
21m @ 5.75 g/t Au from 98m – drilled at the base of the existing pit shell
17m @ 2.44 g/t Au from 34m – below existing pit shell and up-dip from hole SC0379 (19m @ 31.56 g/t Au)
19m @ 2.07 g/t Au from 28m

Zone C is currently a pre-resource discovery and not part of any current mineral resource estimate. Results include:
14m @ 8.54 g/t Au from 115m
7m @ 12.17 g/t Au from 70m
24m @ 2.32 g/t Au from 86m
30m @ 1.68 g/t Au from 74m

The company added that the results continued the trend from the Selin deposit of shallow oxide intercepts of good widths and high grades.

Chief executive Bert Monro said the drill programme continued to go from strength to strength.

“19m @ 31.56 g/t Au is by far the most significant drill hole that Cora has ever drilled. 

“This hole sits outside the existing inferred resource pit shell, starting 50m deeper than the current resource pit shell, so offers even greater upside to the Sanankoro gold project.

“This programme is continuing to deliver very high-grade oxide drill results from shallow depths, offering significant economic potential for the upcoming resource and DFS.”

DRILL CAMPAIGN

The current 35,000m drill programme at Sanankoro is the largest ever conducted by Cora and aims to target resource growth and infill drilling to convert inferred resources to indicated.

The company remains on schedule to complete the programme in August and provide a revised mineral resource.

SELIN DEPOSIT

Following completion of the Phase 2 deeper holes at the Selin deposit, the Capital Drilling deep RC rig has been moved to the high-grade intercepts at Zones A and C.

The GEODRILL KL600 RC rig will complete the Selin shallow resource consolidation drilling and move south to assist the south prospects finalisation.

The diamond drill rig has four remaining holes at Selin before moving south to complete geotech-metallurgical programmes at Zones A, C, B1, B3 and T3 prospects.