Cora Gold identifies new structures at Sanankoro
announced additional drill results on Tuesday from its Sanankoro Gold Project in Southern Mali, identifying two new gold structures.
The West African gold miner said it identified 500 meters of new mineralisation along strike to the west of Zone C, and over 1500 meters of continuous gold structure as a continuation of Zone B North.
Cora Gold also revealed grades of 2.95 g/t Au over 2m from 20m from the North Sanankoro Reconnaissance Exploration area and grades of 2.67 g/t Au over 5m from 27m in the Zone C area.
Shares in Cora Gold were trading 3.77% higher at 6.875p during Tuesday trading
"This latest round of drill results has identified a new +1,500m long gold structure representing a continuation of Zone B North” said Bert Monro, CEO of Cora Gold.
“This is particularly encouraging given that the shallow drilling undertaken is only designed to provide a guide to the location of the structures. This has similarities to early results from Selin before deeper holes were drilled, and a maiden Resource was declared.”
He continued: “Additionally, a further 500m of strike to the west of Zone C was also identified as a new mineralised zone. I look forward to releasing the remaining results from this programme once they are received."
The company is also awaiting to receive the awar of a new Sanankoro permit which expired on the 1st of February 2020. The other permits within the Sanonkoro project expire in 2022, 2025 and 2025.
Cora Gold also advised investors that further results from its Q4 2019/Q1 2020 drill programme are expected to continue.
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