Cora Gold Ltd announced it was due to start a new 2022 drill programme in March at its flagship Sanankoro gold project in southern Mali.
PREPARATIONS
The project comprises five contiguous permits encompassing 439 km2.
Cora has appointed Capital Drilling Mali SARL as the drill contractor, which is mobilising to site to conduct circa 7,500m of reverse circulation drilling.
OBJECTIVE
The programme focuses on converting existing resources from the inferred to indicated category as well as targeting the discovery of new inferred resources.
Cora said it had identified potential for significant further expansion, with all deposits remaining open at depth and along strike.
POTENTIAL
Chief executive Bert Monro added that the 2022 programme followed the company’s 2021 drill programme which delivered a +200% increase in mineral resource estimate.
“The project’s potential as an open-pittable, free-digging oxide mine has been established and through this drill programme and the definitive feasibility study, which remains on track to be delivered in H1 2022, we are committed to building on existing resources and creating additional value for the company.”