EXPLORATION & DEVELOPMENT

Positive assay results for Cora at Sanankoro

Drilling campaign for the year completed before start of rainy season

Staff reporter

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The company is still waiting for results of about 900 assays, primarily related to Tekeledougou, after completing the 18,000m, 135 drill-hole drilling campaign before the start of the wet June-October season.

The Sanankoro mineralisation results included 52m at 2.41 g/t gold including 25m at 3.91 g/t Au from14m; 32m at 3.54 g/t Au including 1m at 72.9 g/t Au; 15m at 1.93 g/t Au including 6m at 3.46 g/t Au from 24m; 32m at 1.1 g/t Au including 10m at 1.9 g/t Au from 27m; and 17m at 1.5 g/t Au from 15m.

The confirmed strike length at Sanankoro has been extended to around 8km, with Cora noting this indicated large-scale potential.

Cora CEO Dr Jonathan Forster said the drill results at Sanankoro had been "highly encouraging" and potentially increased the length of the new mineralised structure to over 2km.

"We have now delineated approximately 8km of drill defined gold mineralized structures, forming the basis of future drill programmes focusing on mineral resource definition. This further increases our confidence in the potential for Sanankoro to be a standalone mine," he said.

Cora's shares were up 5.65% on the news Thursday to 16.38p (US21.58c).

 

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