Aim-listed Cora Gold has appointed key consultants and contractors to lead the definitive feasibility study (DFS) for its Sanankoro gold project, in southern Mali.
DRA Global group company, New SENET, has been appointed independent project manager to oversee the critical elements of the DFS.
CSA Global has been appointed geological and mining consultant to manage the updated mineral resource estimate (MRE) and the mining study as part of the DFS.
Epoch Resources has been appointed to oversee the tailings storage facility (TSF) elements of the DFS.
Russell Bradford has been appointed project manager of the DFS.
The DFS will build on the successful scoping study announced in January 2020, the results of which demonstrated the project's future economic potential at $1 500/oz gold.
The advancement of the DFS follows the consistently encouraging results from the company's largest ever drilling campaign at Sanankoro, with an updated MRE to follow in the fourth quarter of this year.
Following positive metallurgical test work results in the second half of 2020, in addition to the more recent positive drilling results, it is likely the company will look to focus on a conventional gravity or carbon in leach (CIL) processing route at Sanankoro which allows for higher recoveries.
Completion of the DFS is targeted for the first half of 2022 following the expansion of the ongoing drill campaign.
There are ongoing positive discussions with Lionhead Capital Advisors regarding aligning its $21-million mandate and term sheet with the DFS and CIL processing.
"2021 has seen significant activity at Sanankoro with exceptional results reported from our largest ever drill campaign at the project.
“These results will support an updated MRE in the coming months, which in turn will be used as the basis for our DFS aimed at outlining the optimum route to develop Sanankoro into a new gold mine in Mali,” CEO Bert Monro says.