Continues To Obtain Positive Drill Results In Mali
West African focused Cora Gold Limited (AIM: Cora) has drilled a number of wide intersections in its ongoing drilling campaign at its Sanankoro Gold Project in southern Mali.
In this, its largest ever drill campaign, 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 Measured and Indicated resources.
Highlights:
New drill results at Selin
● 19m @ 4.0 g/t Au from 13m, including 7m @ 8.86 g/t Au
● 17m @ 2.82 g/t Au from 47m, including 1m @ 27.77 g/t Au
● 11m @ 2.29 g/t Au from 44m
● 11m @ 2.02 g/t Au from 13m
● 15m @ 1.96 g/t Au from 31m
● 13m @ 1.49 g/t Au from 18m
● 18m @ 1.46 g/t Au from 68m
CEO, Bert Monro,said 132 holes drilled totalling over 13,000m from start of the campaign
Arrival of a second reverse circulation (RC) rig from Geodrill expected in early June 2021.
“Following on from the first two sets of drill results, it is extremely pleasing to be reporting further strong results from Sanankoro, including 19m @ 4 g/t Au from 13m depth – our best hole of the campaign to date in more shallow oxides,” Mr Monrosaid.
“These results are also in areas of limited historical drilling, offering further significant encouragement.
“We have now completed over 13,000m of drilling in this programme and have recently commenced geotechnical drilling with a diamond drill rig. A second RC rig will be mobilising to site in the coming weeks.”
The intercepts to date have consolidated the 2019 north-pit resource sections and extended the mineralisation a further 400m north of the main Selin pit shell. Phase 1 (P1) drilling has tested a further 150m south of the southern-most pit limit under old pits, assays are pending but visible gold panning on obe metre samples is encouraging. Resource quality mineralisation at Selin has now been defined over 2.7km and is still open in all directions.
There are further 13 RC holes remaining from Selin P1 with assays outstanding. The company hopes to finalise reporting of Selin P1 drilling by the end of May before the deep RC rig returns to commence Phase 2 (P2).
Selin P2 will focus on completing the Selin pit resource consolidation and fully exploiting the immediate down-dip and strike opportunities created by this P1 programme.
