West Africa-focused Cora Gold has recorded notable results from ongoing exploration programmes from its regional portfolio of permits in west Mali and Senegal.
Results from exploration programmes continue to enhance the permits’ prospectivity and identify new drill targets, the company says.
A new target has been identified at the Madina Foulbé permit in Senegal – grab sample assays returned gold values that include 57.2 g/t gold, 11.8 g/t gold, 5.99 g/t gold and 3.97 g/t gold.
Two key targets have been identified at the Diangounte project area in western Mali / eastern Senegal, where grab samples returned gold values that include 14.1 g/t gold and 12.1 g/t gold.
Cora has partially completed the reverse circulation drill programme at Madina Foulbe in Senegal, which identified broad zones of mineralisation, including 47 m at 0.63 g/t gold and 36 m at 0.53 g/t gold.
Results from work in the Yanfolila project area in southern Mali provide encouragement for future programmes.
From Yanfolila, initial results from rotary air blast (RAB) drilling at the Tagan permit suggests presence of extensions to a gold intercept of 1.7 g/t gold over 14 m achieved in an historic standalone core hole.
Also, the RAB drilling programme at Winza has focused on a target with potential for more than a 1 000 m strike length and multiple gold zones.
“Given the results generated during the first half of this year, we are hopeful that we can discover, in time, another project like Sanankoro from within our existing highly prospective licence package.
Cora has an experienced exploration team that have worked together for well over a decade, based in West Africa, which enables us to operate in an efficient and cost-effective way constantly building up a future pipeline of new drill ready targets,” said Cora CEO Bert Monro.
He indicated the company’s main focus remains the Sanankoro gold project with a very positive scoping study, with an 84% internal rate of return at a $1 400/oz gold price completed on it and a recent $21-million mandate and term sheet signed for funding to support its future development.