Cora Gold Ltd has completed the definitive feasibility study (DFS) alongside its inaugural reserves and optimised project economics for its flagship Sanankoro gold project in southern Mali. RESERVES The inaugural probable reserves are 422koz @ 1.3 g/t Au with 6.8 years reserve mine life and average annual production of 56,000 oz. A total of 121koz […]
Tag: Cora Gold Ltd
Cora exploration target estimate adds 1.3Moz gold
Cora Gold Ltd reported an exploration target estimate of 26.0 Mt to 35.2 Mt indicating a possible increase in resource at its flagship Sanankoro project in southern Mali. ESTIMATE Chief executive Bert Monro said that the exploration target showed the potential for an additional 1.37 Moz of gold above the company’s existing 920 koz mineral […]
Cora finds pre-drilling gold structures at Yanfolila
Cora Gold Ltd has discovered more than “12km of pre-drilling gold structures” from exploration across its five permits in the Yanfolila project area, southern Mali. TARGETS The permits lie predominantly within 20km of Hummingbird Resources plc’s Yanfolila gold mine. Cora’s discovered structures lie across the Farassaba III, Tékélédougou, Siékerolé, Tagan and Farani permits. The company […]
Cora granted Sanankoro environmental permit
Cora Gold Ltd has been awarded an environmental permit for its flagship Sanankoro gold project in southern Mali. YANFOLILA The grant follows the completion and submission in July 2022 of the environmental and social impact assessment (ESIA) for the project. Located in the Yanfolila gold belt, Sanankoro comprises five contiguous permits of Bokoro II, Bokoro Est, […]
Cora defers DFS to enhance Sanankoro economics
Cora Gold Ltd said it would need more time to produce the definitive feasibility study (DFS) for the Sanankoro gold project in southern Mali. OPTIMISATION The company had aimed to complete the DFS in Q3 2022 but now expects to report on progress during Q4 2022 as it “optimises various aspects of the study”. Chief […]
Cora Gold increases losses
Cora Gold Ltd recorded an increase in losses as it progressed its Sanankoro project in the Yanfolila gold belt, southern Mali. FINANCES The company’s interim results for the six months ended 30 June 2022 showed losses of US$954,000 (H1 2021: $716,000). Cash and equivalents fell to $2,022,000 (H1 2021: $5,676,000). OPERATIONS During H1 2022, Cora completed a […]