Cora Gold adds two more rigs to Sanankoro drilling programme

West Africa-focussed gold exploration company Cora Gold updated the market on its exploration activities at the Sanankoro Gold Discovery in the Yanfolila Gold Belt of Southern Mali on Wednesday, reporting that it was advancing its 5,000 metre drilling programme to further investigate sulphide and deep oxide potential, and extend existing and potential new shallow oxide targets.

The AIM-traded firm said the second reverse circulation and diamond core rigs had started operating, explaining that the new rigs complemented its already-operating reverse circulation and rotary air blast rigs.

It said the diamond core rig was targeting extensions to known resources at ‘zone B’, where access issues curtailed drilling in the last reverse circulation campaign.

Work was targeting step-out holes to resources, as well as undrilled new targets, the board added.

“This is an exciting time at Sanankoro with four rigs now scheduled to operate through to the end of the year,” said chief executive officer Jonathan Forster.

“The objective is to selectively step out from a known resource area, as well as access more information on the sulphide potential.”

Forster said that at the same time, new targets were being subjected to an initial exploration drill programme.

“The team is doing an excellent job on the ground and we are looking forward to receiving the assay results back in due course and updating shareholders on the results.”

At 1217 GMT, shares in Cora Gold were down 4.35% at 5.5p.