New Surface Finds To Be Followed Up At Mali Gold Project
Cora Gold Limited (AIM:CORA.L) has made a series of new surface gold discoveries from satellite imagery and surface prospecting programmes at the Sanankoro Gold Project on the Yanfolila Gold Belt in southern Mali.
The company has also been awarded a new Convention agreement, one of the first under the new mining code, with respect to the Sanankoro Permit area.
The company has identified three new mineralised structures.
This includes a 4km plus trend of new surface workings identified at Selin, the largest and highest-grade deposit at Sanankoro.
New x-ray fluorescence (XRF) work has defined a clear strong Au:As:W signature which will facilitate fast-tracking additional Selin-styled diorite-host resource targets
A further +8km trend of surface workings has been identified at the West of C Zone of the Bokoro West Trend, on newly identified Bokoro Far West Trends
Two new trends of surface workings identified east of the Sanankoro Main Trend South, a +3km north-eastern extension of Dako II Main discovery, and a new prospect located on Dako II Far East Trend
CEO, Bert Monro,said follow up drilling is now planned on these discoveries with the company’s Dando rotary airblast (RAB) rig during Q1 and Q2, 2021
“These new discoveries will be ordered and prioritised accordingly and fed into the drilling pipeline at Sanankoro,” Mr Monro said.
“The fact the team on the ground is continually making new discoveries bolsters our confidence in the Sanankoro resources growing significantly over time with further drilling. We look forward to following up these discoveries with drilling in the near future.”
In late January 2020, the company was awarded a Convention d’Établissement in respect of the area covered by the Sanankoro Permit which expired, in accordance with the Mining Code, on 1 February 2020.
The Convention d’Établissement is one of the first to be awarded under Mali’s new Mining Code which was introduced in September 2019. It sets out the administrative, legal and fiscal framework under which the permit holder will operate when working on the relevant area. Cora looks forward to announcing the award of the related new permit in due course, once the necessary process set out in the Mining Code has occurred. This will subsequently complete the permitting process.
