Cora Gold Ltd said that drilling results indicated gold mineralisation associated with a possibly massive system on the Tambor gold anomaly at Madina Foulbé in the Kenieba project area, east Senegal.
BEDROCK
Completed reconnaissance reverse circulation drilling on 10 targets was at a shallow depth into the underlying bedrock on the 3km long by 1.6km wide soil anomaly.
ICP-MS* (4 acids) analysis of 2,018 samples was for multi-element data, with 46 elements per sample.
The company added that the indications were of associations with an intrusion related gold system, citing as examples Morila in Mali; Donlin Creek-Fort Knox-Pogo in Yukon / Alaska, and Kidston in Australia.
Cora will rank and prioritise the 10 targets for future exploration expenditure based on their “distinct geochemical signature”.
More than 50% of holes drilled ended in mineralisation, suggesting a likely continuation past the end of the hole in “most instances”.
Deeper drilling is planned to expand the known zones
Chief executive Bert Monro said that the analysis, combined with initial results, had enhanced understanding of the “significant” gold mineralisation across a large area within the bedrock at Tambor.
“The results from the ICP-MS analysis have further strengthened the company’s view that the current exploration completed to date has literally only just scratched the surface at Tambor.”
The Madina Foulbé exploration permit lies within the Mako geological belt of the Kédougou-Kéniéba Inlier.
The licence contains five exploration targets with Tambor, Dalaoule and Tombolo South on its eastern side and proximal to the regional North-South trending structure cutting through the permit.
Madina and Diombalou South straddle a large North-South structure on the western side of the permit.
*inductively coupled plasma mass spectrometry