Cora to begin Madina Foulbé exploration drill

Cora Gold Ltd is due to begin exploration drilling next week at its 260km^₂ Madina Foulbé gold permit within the Kenieba project area in east Senegal.

TAMBOR

Awarded in 2018, the permit is 27km west of the Sadiola gold mine and close to tier 1 deposits of Loulo, Gounkoto and Fekola, within the Kédougou-Kéniéba Inlier gold belt.

The company said that previous soil geochemistry work defined a large 3km long by 1.6km wide gold anomaly of >20ppb at the Tambor anomaly.

Operations will involve 2,000m reverse circulation drilling to evaluate “the most prospective gold anomalies” not previously drill tested.

Cora has signed a drill contract and started site preparations ahead of the start of drilling week beginning 15 April with completion during May.

“We are delighted to restart work at Madina Foulbé, where previous exploration works only scratched the surface in terms of evaluating the potential size and scale of the in-situ gold mineralisation of the Tambor target,” added chief executive Bert Monro.

“The geological team is excited about the project’s geological potential given its proximity to several operating mines, while Senegal’s favourable mining jurisdiction and successful project development history further enhance its prospects.”

Cora began preliminary field exploration in 2018, and combined the results with historical data to design a reconnaissance drill programme at the Tambor anomaly.

Drilling began in April 2020 but stopped in June 2020 after 1.5 fences, or nine holes for 642m, of five planned fences because of Covid.