Hits 56m @ 3.54 g/t Au From 22m Depth
Cora Gold Limited (AIM:CORA) has intersected a wide zone of shallow gold at the Sanankoro Gold Project in southern Mali.
Currently undertaking its largest ever drilling campaign, which commenced in March 2021, the company plans to drill up to 35,000m by the end of July 2021, with a dual focus on targeting resource growth as well as infill drilling to convert existing Inferred resources to Indicated.
Highlights:
Final results from phase 1 (P1) drilling at Selin
● 56m @ 3.54 g/t Au from 22m; including 21m @ 8.17 g/t Au
● 3m @ 2.40 g/t Au from 45m; including 2m @ 9.91 g/t Au
● 18m @ 1.97 g/t Au from 56m
● 10m @ 1.90 g/t Au from 50m
● 14m @ 1.17 g/t Au from 34m
Selin P1 drilling results have confirmed 550m of mineralised extensions to existing resources and Selin remains open in all directions.
Additional positive results have been obtained from the middle of Selin where there was previously a gap in resources between two pit shells.
Infill holes continue t0 demonstrate very good continuity from existing Inferred resource.
Rigs will shortly commence drilling deeper holes at Selin as part of phase 2 (P2) programme targeted at deepening existing shallow 65m pit shells .
CEO, Bert Monro, said third rig from GEODRILL will commence drilling shortly
“I continue to be hugely impressed with the work all the Cora team and our contractors are doing on site,” Mr Monro said.
“56m @ 3.54 g/t Au from 22m in more shallow oxides is another fantastic drill hole in this campaign. Having just completed phase 1 drilling at Zone A and B, with results for that to follow shortly, the rigs are returning to Selin for the phase 2 programme aiming to extend the average 65m pit shell deeper.
“We have now completed over 16,000m of drilling, and reported 5,168 m of assay results, in this programme and remain on schedule and budget to complete the resource expansion and upgrade programme during July 2021 with an updated Mineral Resource Estimate to follow during H2 2021.
“This is an extremely exciting time for the company with plenty more news to come from this ongoing programme.”
