Cora Gold Ltd has identified four primary and four secondary gold bearing structures of around a total 50km of “highly prospective terrain” following sampling at Sanankoro in southern Mali.
TARGETS
The company said it had outlined 20 new and existing greenfield exploration targets within the structures, which will be ranked in order of priority for future drill programmes.
The sampling was part of an exploration programme aimed to expand Sanankoro’s current 920koz resources and reserves contained within the five main deposits of Zone A, Zone B, Zone B North, Zone C and Selin.
Results identified one of the largest targets as Berebogoni – Woyodakoun, located close to existing mineral resources at Selin and Zone B.
Cora also added Dakounkoura and Dakounkoro which has the potential to host “large mineral resource tonnage”; Dako where higher grade mineralisation was intersected; Fode 1; and Djolibadakoun with a mineralisation strike length of 850m.
The company is collecting data and advancing the remaining 13 greenfield targets towards reconnaissance drill evaluation.
All the targets are “soft oxide rock” and within road transportation distance of Cora’s proposed gold processing plant.
“Sanankoro is in its relative infancy as an exploration project, due to our primary focus to date centring on the definition of oxide mineral resources,” said chief executive Bert Monro.
“We have had great success in defining a sizeable commercial resource across the five main deposits known to us (being Zone A, Zone B, Zone B North, Zone C and Selin) and we are aware that there is significant exploration endowment at the property.
“These 20 new targets are an excellent indication of Sanankoro’s prospectivity and in conjunction with the remaining untested 50km strike length of gold bearing structures we are very optimistic that with continued exploration we will be able to grow our resource base and life of mine.”