Cora Gold pleased with recent drilling and reconnaissance results

West Africa-focussed gold exploration company Cora Gold announced results of a selective infill drill programme undertaken at the Selin Prospect at the Sanankoro Gold Discovery, Southern Mali on Wednesday, in addition to results from its ongoing reconnaissance regional exploration programme.

The AIM-traded firm said infill drill results at Selin correlated with the results of previous drill programmes, and confirmed that oxide gold mineralisation extended to depths of up to 90 metres at the southern part of the prospect.

It said the results included 25 metres at 2.81 grams per tonne of gold, 19 metres at 1.61 grams per tonne of gold, and nine metres at 2.37 grams per tonne of gold.

The board explained that the continuity of oxide gold mineralisation was traced for around 2,250 metres at surface.

Looking at the reconnaissance exploration at Sanankoro, the board said “shallow” reconnaissance oxide exploration drilling to between 60 and 70 metres vertical depth had tested the potential for extending mineralisation for some 500 metres to the north and south of the Selin Prospect, as well as a zone on the Bokoro North structure.

Quartz veining and anomalous gold intercepts up to 31 metres in length provided guidance on the location of primary gold bearing structures, although in places the principal structure could have been missed, it explained.

Gold mineralisation of potentially economic interest was said to have been identified to the north of the Bokoro North artisanal pit, while some drill collar sites may have not been optimal due to access around the workings.

“We are extremely pleased with the results of the infill drilling, which continues to demonstrate potentially economic mineralisation in the near surface oxide portion of the Selin prospect,” said Cora Gold chief executive officer Jonathan Forster.

“Infill drilling has provided a good measure of the continuity of gold mineralisation at the Selin prospect with the zone now totalling approximately 2,250m in length with oxide mineralisation extending locally up to 90m at depth.

“The Selin prospect demonstrates good potential for future extraction through low cost open pit mining and the enhanced knowledge of the continuity of oxide mineralisation significantly justifies a further exploration programme to investigate the deeper sulphide mineralisation.”

Forster added that the reconnaissance exploration drilling had confirmed that primary, potentially economic gold structures existed in areas extending away from the Selin Prospect, and provided guidance for future drilling in those areas.

“Our regional exploration work is demonstrating that there is still significant further potential available across Sanankoro and Cora's portfolio.”