Cora Gold starts new drilling programme at Sanankoro

16th Mar 2022 14:24

(Sharecast News) - West Africa-focussed Cora Gold announced on Wednesday that resource drilling had now started at its Sanankoro Gold Project in southern Mali.

The AIM-traded firm said the drill programme would total 7,500 metres, and was focussed on enhancing the current mineral resource estimate of 809,300 ounces at 1.15 grams of gold per tonne.

It described the expansion potential as "strong", with all deposits remaining open at depth and along strike.

The drilling was set to be finished in the second quarter, with results to be released as they are received.

"We have multiple work streams underway as we set our sights on delivering a definitive feasibility study in the coming months, alongside a resource expansion programme, which we believe will further enhance both the quantum and confidence levels of our mineral resource estimate," said chief executive officer Bert Monro.

"We have consistently demonstrated Sanankoro's potential to become an open-pittable, free-digging oxide mine and work will accelerate throughout 2022 as we look to make this into reality.

"We look forward to sharing updates from this drill programme over the coming weeks."

At 1345 GMT, shares in Cora Gold were flat at 7.25p.