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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Cora Gold Limited | LSE:CORA | London | Ordinary Share | VGG2423W1077 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.30 | 2.20 | 2.40 | 2.30 | 2.30 | 2.30 | 12,563 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gold Ores | 0 | -2.51M | -0.0068 | -3.38 | 8.52M |
TIDMCORA
RNS Number : 7482T
Cora Gold Limited
17 October 2017
Cora Gold Limited / EPIC: CORA.L / Market: AIM / Sector: Mining
17 October 2017
Cora Gold Limited ("Cora Gold", "Cora" or "the Company")
Accelerated Appointment of Drilling Contractor for Sanankoro Gold Discovery in Mali
Cora Gold Limited, the West African focused gold exploration company, is pleased to announce that its wholly owned subsidiary, Cora Gold Mali SARL, has today entered into a contract with Target Drilling SARL ("Target") to supply aircore ("AC"), reverse circulation ("RC") and diamond core drilling, focusing primarily on its flagship Sanankoro Gold Discovery in South Mali ("Sanankoro" or "the Project").
The drilling programme is expected to commence at the end of November 2017 with a total of 15,000 metres, made up of AC, RC and up to a further 1,000 metres of diamond core. The use of a "multipurpose" drill rig provides flexibility, enabling the geological team to switch from AC and RC, and 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 Resources.
Jon Forster, CEO of Cora Gold said, "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. 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."
** ENDS **
For further information, please visit http://www.coragold.com or contact:
+44 (0) 20 3239 Jon Forster Cora Gold 0010 John Depasquale/Nick Allenby Capital (Nominated +44 (0) 20 3328 Harriss/ Liz Kirchner Adviser) 5656 Peter Krens/Nick Mirabaud Securities +44 (0) 20 3167 Orgill (Joint Broker) 7150 Beaufort Securities +44 (0) 20 7382 Jon Belliss (Joint Broker) 8300 Lottie Wadham/Susie St Brides Partners +44 (0) 20 7236 Geliher (Financial PR) 1177
Notes to the Editors
Cora Gold is a new gold exploration company focused on two world class gold regions in Mali and Senegal in West Africa. Historical exploration has resulted in the highly prospective Sanankoro Gold Discovery, in addition to multiple, high potential, drill ready gold targets within its broader portfolio. Cora Gold's primary focus is on further developing Sanankoro in the Yanfolila Gold Belt (South Mali), which Cora Gold believes has the potential for a standalone mine development. Cora Gold's highly experienced and successful management team has a proven track record in making multi-million ounce gold discoveries which have been developed into profitable mines.
This information is provided by RNS
The company news service from the London Stock Exchange
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October 17, 2017 02:00 ET (06:00 GMT)
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