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 […]
Tag: Cora Gold Ltd
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 Gold receives environmental permit for Sanankoro
Cora Gold Ltd has been awarded an environmental permit for its flagship Sanankoro gold project in southern Mali. STANDARDS The grant follows the completion and submission in July 2022 of the environmental and social impact assessment (ESIA) for Sanankoro to the Mali authorities. “The award of this permit recognises the high standards that we have […]
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 […]
Cora increases MRE by 14% for Sanankoro
Cora Gold Ltd announced a 14% increase to its revised mineral resource estimate at the Sanankoro gold project in southern Mali. EXPLORATION The company also reported a 22% increase in oxide indicated mineral resources from 419koz to 509koz. Cora added that the MRE, at a cut-off grade of 0.4 g/t gold, comprised 24.9 Mt of […]