Cora Gold upbeat on latest drill results from Sanankoro

West Africa-focussed exploration company Cora Gold announced on Monday that results from a 771 metre aircore and reverse circulation drill programme had confirmed continuity of gold oxide mineralisation at Zone B North - a direct extension of the 1,500 metre-long Zone B prospect, which was one of the three main currently known prospects that lay on the 14 kilometre-long Sanankoro Gold Discovery in Southern Mali.

The AIM-traded firm said the continuity of gold mineralisation along the 1,060 metre strike length at Zone B North had been demonstrated, with the drill programme testing oxide depths of up to 70 metres.

It said the intercepts included 21 metres at 3.13 grams per tonne of gold in hole SC0229, and 24 metres at 1.8 grams per tonne of gold, including eight metres at 3.53 grams per tonne of gold in hole SC0231.

They also included 22 metres at 1.48 grams per tonne of gold, including one metre at 11.67 grams per tonne of gold in hole SC0231, and 25 metres at 1.13 grams per tonne of gold in hole SC0169.

Cora Gold said the exploration potential for the gold zone at Zone B North extended for at least an additional 2,500 metres, as suggested by surface exploration indicators.

The mineralisation at Zone B North had the potential to increase the scale of gold structure at the Sanankoro Gold Discovery, the board added.

“These drill results mark the final tranche of results from our Q1-Q2 2019 drill programme and, in keeping with the calibre of results already announced, the results have provided great encouragement regarding the extent of gold mineralisation at length across the Sanankoro Gold Discovery,” said Cora Gold chief executive officer Jonathan Forster.

“Zone B North appears to be the extension of the Zone B prospect, giving a total potential mineralised strike length of 3,500 metres.”

Moreover, Forster said the evidence from artisanal exploitation and surface anomalies suggested that further extension to the north could be possible, giving a total potential strike length of more than 5,000 metres.

“Factoring in the along strike mineralisation at the Zone A and Selin prospects, then the scale of the gold structure at Sanankoro is substantial.

“With the depth of oxides typically ranging from 50-100 metres, the potential for near surface exploitation is high.

“With the wet season coming to an end, our exploration teams will remobilise to site as soon as is practical and I look forward to updating shareholders with details of upcoming work programmes in due course.”