New 1500m Gold Zone Encountered
Cora Gold Limited (EPIC: CORA.L) has discovered a new 1500m gold zone on the Dako II permit adjacent to its flagship Sanankoro Gold Project in Mali.
The new find was revealed following the completion of a 1264m (18 drill hole) shallow reconnaissance aircore (AC) drilling programme, which was testing a new, near surface, oxide gold zone within easy haulage distance of Sanankoro.
The discovery at Dako II, which lies immediately to the South of Sanankoro, is in addition to the recent 1.5km gold zone identified at the Bokoro II permit, which borders Sanankoro to the east.
Assay results suggest the new discovery could be incorporated into existing Sanankoro resources
A combination of artisanal workings and historical soil and termite sampling suggest the potential total length of the zone at Dako II could extend to over 4km
- 6m @ 1.48 g/t Au;
- 11m @ 1.28g/t Au;
- 12m @ 1.52g/t Au;
- 55m @ 0.50 g/t Au; incl 7m @ 1.37 g/t Au
CEO Bert Monro said the new discoveries at Dako II and Bokoro strengthen the company’s view that the Sanankoro Project has the potential to grow significantly in time with further drilling
“We are delighted to have made a new discovery at the Dako II permit, only 7.5km from the Sanankoro Gold Project southerly resources,” Mr Monro said.
“This discovery adds to the Bokoro II discovery that was announced earlier this week and once again it is exciting to see both good shallow oxide grades and widths of mineralisation. There remain further targets to test in the 7.5km zone between this discovery and our nearest existing resources at Zone A.” “In spite of the challenges of Covid-19 over the last five months we have managed to work safely and effectively and it’s a huge testament to the quality of the Cora exploration team that they continue to deliver as they have. I am extremely grateful for the effort they have put in, delivering excellent results under challenging conditions.”