Cora Gold Ltd said it had intersected “extremely strong” mineralisation in both grades and widths in the company’s latest results from the Selin deposit at the Sanankoro gold project in Southern Mali.
The company said that many of the intercepts were outside existing pit shells and that an additional new mineral zone had been intercepted within the existing pit shell.
The results are the first from the Phase 2 programme, and the ninth set overall, in the company’s aim to increase resource growth as well as infill drilling to convert existing inferred resources to indicated.
Results from first 700m of a 3.2km long Selin target include:
49m @ 15.55 g/t Au including 8m @ 89.12 g/t Au from 99m in hole SC0484
32m @ 7.83 g/t Au including 4m @ 53.86 g/t Au from 45m in hole SC0488
12m @ 6.37 g/t Au including 5m @ 14.17 g/t Au from 95m in hole SC0485
32m @ 3.25 g/t Au including 4m @ 10.18 g/t Au from 72m in hole SC0488
36m @ 1.65 g/t Au from 88m in hole SC0487
“The results to date have been extremely encouraging with good widths and high-grade results in generally shallow oxide ore,” said the company in a statement.
Chief executive Bert Monro added: “49m @ 15.55 g/t Au and 32m @ 7.83 g/t Au are two further fantastic holes from the ongoing drill programme at Sanankoro.
“Even more significantly, the objective of this drilling has been to extend the existing 65m average depth pit shells at Selin deeper, and these initial results provide a great deal of encouragement as we target an updated resource at the end of this programme.”
The Phase 2 programme at Selin is targeting drilling below the existing pit shell, which has a 65m average depth, into the transitional and fresh rock.
DRILL PROGRAMME
A total of 277 holes for 30,923m have been drilled since the start of the campaign to 31 July 2021.
The Capital Drilling deep RC rig has been moved, following completion of the P2 deeper holes at Selin, to target follow-up on the high-grade intercepts reported at Zones A, B1 and C, and as part of the completion of the P2 resource consolidation process.
The GEODRILL KL600 RC rig will complete the southward progression of the Selin P2 shallow resource consolidation drilling.
The Capital diamond drill rig has moved south to complete geotech-metallurgical programmes at Zones A, B and C prospects.