Marvel Gold

Right from the outset, AIM-listed Cora Gold has believed in the potential of its Sanankoro gold project in Mali. Earlier this year, the company announced new discoveries stemming from satellite imagery and surface prospecting programmes at Sanankoro which is located along the Yanfolila Gold Belt in the south of the country.

Now, the company has announced the first drill results from its largest ever drilling campaign, which commenced last month. Cora Gold plans to drill up to 35 000 m by end of July 2021, with a dual focus on targeting resource growth as well as infill drilling to convert existing inferred resources to indicated.

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Already, results from the first four drill sections, involving eight reverse circulation holes, have been received. The results include:

  • 34 m @ 1.98 g/t Au from 13m including 3 m @ 17.78 g/t Au in hole SC0312
  • 52 m @ 1.78 g/t Au from 20m including 7 m @ 4.21 g/t Au in hole SC0311
  • 16m @ 1.31 g/t Au from 50m SC0306
  • 4 m @ 2.59 g/t Au from 83 m in hole SC0306
  • 13m @ 1.24 g/t Au from 68 m in SC0309

Thus far 79 holes have been drilled totalling over 7,500 m from start of the campaign to 18 April 2021. Two further rigs are due to arrive during May with a total of approximately 300 holes and 35 000 m of drilling planned.

Read: Is Sanankoro West Africa’s next major gold mine?

 CEO Bert Monro, commented, “The first drill results of our largest drill campaign at Sanankoro are extremely promising.  34m @ 1.98 g/t Au from 13 m depth and 52m @ 1.78 g/t Au from 20 m depth are two very good drill holes and further emphasise the potential of the Selin deposit at Sanankoro, as we look to both grow the resources and convert them to indicated from the inferred category. 
 
“These results are from just the first 817 m of this drill programme.  Following the completion of the drill programme the Cora Gold will be targeting an update to its mineral resource estimate.”