Focused on West Africa Cora Gold announced on Wednesday the ninth set of drilling results from its largest drilling campaign in the Sanankoro Gold project in southern Mali – the first of the second phase program in Celine, aimed at drilling under the existing pit, which has an average depth of 65 meters, in the transition and fresh rock.
The company, traded with AIM, said it had crossed “extremely strong” mineralization both in extent and in width below the base of the existing pit, which it said was “very encouraging” for the future development of the deposit.
It highlights 49 meters at 15.55 grams of gold per ton, including eight meters at 89.12 grams per ton of 99 meters, in hole SC0484, and 32 meters at 7.83 grams per ton, including four meters at 53.86 grams per ton of 45 meters, in hole SC0488.
The results also include 12 meters at 6.37 grams of gold per ton, including five meters at 14.17 grams per ton of 95 meters in hole SC0485, 32 meters at 3.25 grams per ton, including four meters at 10.18 grams per ton of 72 meters in hole SC0488 and 36 meters at 1.65 grams per ton of 88 meters in hole SC0487.
Cora said many of the interceptions were outside the existing wells, adding that an additional new mineral zone had been intercepted within an existing pit.
The results are from the first 700 meters of the 3.2-kilometer Selin goal.
“49 meters at 15.55 grams of gold per ton and 32 meters at 7.83 grams per ton are two additional fantastic holes in Sanankoro’s current training program,” said CEO Bert Monroe.
“More importantly, the purpose of this drilling is to expand the existing 65-meter pits with a medium depth in Celine deeper, and these initial results provide great encouragement, as at the end of this program we focus on an updated resource. “
At 1425 BST, shares of Cora Gold rose 29.65% to 14.91p.
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