Cora Gold Ltd is nearing a revised mineral resource estimate as it announced the eleventh set of drill results from its largest ever drilling campaign at its Sanankoro gold project in southern Mali.
RESULTS
The company is targeting resource growth as well as infill drilling to convert existing inferred resources to the indicated category.
SELIN
103m @ 2.1 g/t Au from 46m in diamond drilling vertical metallurgy hole SD0023, including 11.5m @ 7.45 g/t Au and 11.5m @ 7.12 g/t Au
8m @ 6.60 g/t Au from 87m in SC1016
33m @ 1.48 g/t Au from 191m in resource hole SD0021, including 9m @ 3.95 g/t Au
90m under existing pit shell
7m @ 6.60 g/t Au from 65m in hole SC1018
21m @ 1.79 g/t Au from 144m in hole SC1075
Cora said that good opportunity existed to consolidate a single +3km pit at Selin with positive results in the central area of Selin with no current pit shell.
ZONE A
37m @ 2.39 g/t Au from 81m in hole SC0531
25m @ 2.12 g/t Au from 51m in hole SC0511
39m @ 1.21 g/t Au from 98m in hole SC0533
25m @ 1.50 g/t Au from 60m in hole SC0501
MINERAL RESOURCE ESTIMATE
Cora added that the reverse circulation drill programme had now been completed and the diamond drilling continued to focus on metallurgical and geotechnical holes.
Chief executive Bert Monro said that the company was in an exciting period as it moved closer to an updated mineral resource estimate.
“Strong results are continuing to come through in our largest ever drill programme with lots of resource quality intercepts and grades being struck at both Zone A and Selin.
“Importantly, a number of the intercepts, including 33m @ 1.48 g/t, are significantly outside existing pit shells providing further confidence in our ability to enhance our existing resource inventory later this year once all the results have been received.”