Mali – The contract, which specifically includes the supply of aircore, reverse circulation and diamond core drilling, was entered into via its wholly owned subsidiary, Cora Gold Mali SARL.
The drilling programme is expected to commence at the end of November 2017 with a total of 15 000 m, made up of aircore, reverse circulation and up to a further 1 000 m of diamond core.
The use of a “multipurpose” drill rig provides flexibility, enabling the geological team to switch from aircore and reverse circulation to diamond core, as and when required.
The programme will have a phased approach, allowing assay results to be received and evaluated, before progressing to the next stage. Drilling is expected to conclude towards the end of Q2, 2018.
Target is a Mali-based contractor, founded by Australians with a focus on safety and productivity. It has operated drilling campaigns for a number of international companies in Mali, including mid-tier producer Resolute Mining.
“I am delighted that we have been able to progress the appointment of our drilling contractor ahead of schedule and so rapidly after our admission to AIM earlier this month,” says Jon Forster, CEO of Cora Gold.
“Target Drilling has a track record of working in partnership with exploration teams and we look forward to a productive relationship. We are eager to commence exploration at the exciting Sanankoro gold discovery as soon as is practical as we believe it has the potential for a standalone mine development.”