Gold junior Cora Gold is confident that it’s Sanankoro gold discovery has project potential having completed a review of Gold Fields' historical data on the licence.
Mali - The potential to develop a full-scale project ihis is further confirmed by drilling intercept results which include:
- 25 m @ 2.1g/t Au from 4 m below surface;
- 23 m @ 2.3g/t Au from 62 m below surface;
- 27 m @ 1.8g/t Au from 21 m below surface;
- 26 m @ 1.7g/t Au from 37 m below surface; and
- 22 m @ 1.4g/t Au from 72 m below surface.
Cora Gold has further indicated that broad zones of mineralisation are present at Sanankoro, with potential mineable widths. There is also a strong continuity of mineralisation observed between sections of historical drilling.
The company also notes that potential shallow plunging higher grade shoots are present as identified in a preliminary long section. There is also potential for repetition of mineralised structures parallel to the two identified structures.
Based on the above information, Cora Gold has scheduled a drill programme for late November 2017, initially targeting about 4 km of strike length.
"Sanankoro is a discovery of substantial potential and the indication of shallow plunging higher grade shoots within a lower-grade halo is particularly encouraging and provides us with immediate follow up targets for future drilling,” says Jon Forster, CEO of Cora Gold.
“The level plan confirmed the remarkable continuity of the gold bearing structure throughout Zones A and B. We believe this continuity should exist along strike to both the north and south. Our objective is to delineate a resource which will support a standalone gold mine at Sanankoro.”