Cora Gold Share Discussion Threads

[edgein] 09/6/2021 11:48

Insti up to almost 29%. I'd be a little concerned about a cheap hostile bid given the modest market cap here vs progress.

Regards,
Ed.

[zedder] 08/6/2021 17:32

A couple of nice buys today. It doesn't take much to shift this.

[chipperfrd] 07/6/2021 15:40

UKGeorge: I don't think HUM is the least bit interested in taking CORA under it's wing - they have more than enough to keep them busy. In any case the Quirk family are very heavily invested here and I can't see them giving up equity.

However, the CORA licenses south of Yanfolila might well supply ore feed or concentrate to the Yanfolila mill, so there might well be a deal to be done there in the years ahead.

[chipperfrd] 07/6/2021 15:34

You are welcome Corrientes.

Must admit that I never rely on Exploration Target estimates, but worth noting that SRK (2018) placed a possible target of 30-50Mt @ c. 1-1.3g/t for the Sanankoro license area which was reiterated in the WAI scoping study (2020).

Time will tell, but the DFS this year will give us more of a clue as to what we might reasonably expect - at least from the oxides!

Once they get it into production they can spend lots of time drilling the sulphides to see if an eventual underground operation might be feasible. But one step at a time. Long way to go yet :-)
Chip

[corrientes] 07/6/2021 13:13

Thanks for the info. Chip.

[chipperfrd] 07/6/2021 10:00

Just as an afterthought: the 60% IRR requirement condition for the term sheet looks likely to be well beaten!!

Modelling discounted cash flows for the HL option at current gold prices gives a post-tax NPV of US$62.2m at an IRR of 187% !!

That should do it :-)

ps. but that is only mining c. 4Mt ore - I expect the DFS will increase that significantly.

[ukgeorge] 07/6/2021 09:57

I wonder if Hum will take cora over. Surprised these haven't gone up more on the news. I don't hold any.

[chipperfrd] 07/6/2021 09:55

All in good time!

2H21 should be very interesting with all the pieces of the jigsaw coming together before the DFS at the end of the year.
Will the updated resource be large enough to warrant moving to a CIL plant rather than the HL option?
The term sheet requires a minimum 6-year LoM @ greater than 40koz pa - I think their drilling will ensure they meet that requirement - but of course the DFS needs to confirm that.
I remain pretty relaxed about the stock although the political/security issues are a worry.
Chip

[edgein] 07/6/2021 08:10

Pretty much.

Regards,
Ed.

[oapknob1] 07/6/2021 07:58

More Gold More drilling More Gold

[tyranosaurus] 03/6/2021 08:23

RNS needs to be replaced as the word million after the amount raised means they raised over 3 billion.

[corrientes] 03/6/2021 08:04

Pity the rest of us didn't get a sniff of this. I've got a reasonable sum invested here, and would have liked the opportunity to participate.

[replicas1967] 03/6/2021 07:36

Yep getting to the interesting bit now

[oapknob1] 03/6/2021 07:30

Placing done. AGM will be interesting to see how many shares the board will seek authorisation to issue in the next 12 months to get DFS completed and secure the funding for the move to production. This time next year Rodders.

[edgein] 27/5/2021 07:40

Replicas,

Yeah good RNS for the longer term future of the company.

Regards,
Ed.

[replicas1967] 27/5/2021 07:32

Footprint expansion RNS

[edgein] 24/5/2021 08:41

Corr,

The management believed that they would find about 1-2m oz in the shallow oxides here and they're sure giving it a good go. Its perhaps a closer comparison to my holding in Calidus resources which is also developing a shallow oxide discovery in Australia. They have completed about 50,000m so CORA will have similar by late summer. It'll be interesting to see how big an increase they have in overall resource size as their maiden numbers were quite modest compared to the continuous area they've now drilled. Like CAI the early shallow pit development will provide strong cash flow here for significant future exploration including deeper holes. All the company has to do here is match the scoping study numbers with the upcoming DFS, I'm expecting that to be exceeded somewhat given the shallow depth and good grades and intercepts so far. Then its fingers crossed that that financing offer on the table is completed in a speedy manner.

Regards,
Ed.

[corrientes] 24/5/2021 08:22

Whilst I appreciate that it is just not possible to compare HUM with CORA in terms of the resource, what about the quality of the find as opposed to the amount of ore in the ground. Are enough drill holes now available to make any sort of comparison or is this a useless comparison ?

[avsome1968] 24/5/2021 08:18

Sorry for the second post thought i put it on the AAZ board.

[edgein] 24/5/2021 08:08

Yes a very impressive strike length these guys are working on.

Regards,
Ed.

[avsome1968] 24/5/2021 07:56

One for K/S


TIDMPERE

RNS Number : 5078Z

Pembridge Resources plc

24 May 2021

24 May 2021

2021 Drilling Programme

London, United Kingdom - Pembridge Resources plc (LSE: PERE) ("Pembridge" or the "Company") is pleased to announce Minto Exploration Ltd.'s ("Minto") exploration plans for 2021.

The senior management of Minto has approved an exploration drilling programme aiming to explore undeveloped parts of the Minto Claims licensed area that, based on past geophysic surveys and geochemistry, are highly prospective. Initially, 64 targets were identified by Minto and these were then prioritised for drilling based on the 2009 Titan 24DC-IP geophysics and 2019 UAV-Mag geophysics, resulting in 27 high priority drillholes (13,220 metres), all of which are near to known mining areas.

The cost of the drilling programme is budgeted at CAD$3.2 million, which have been included in the annual budget and are to be financed from internally generated cash flows. The planned timeline for drilling is from July to November 2021 using up to 2 A5 Titan diamond drill rigs, with final results expected in early 2022.

Gati Al-Jebouri, Chief Executive Officer and Chairman of the Board of Pembridge said:

"This new exploration drilling programme continues Minto's aim of exploring the Minto copper belt and realizing its potential. As stated at the time of announcing the results of the 43-101 Preliminary Economic Assessment Technical Report, the management of Minto expects to see further growth in the Minto resource base, which this exploration drilling programme is expected to confirm. We look forward to seeing the results, which I expect will indicate further opportunity to extend the life of the mine."

[avsome1968] 24/5/2021 07:53

All looks good second rig on its way/// this will come good back end of the year plenty of gold in the ground.


Cora Gold Limited, the West African focused gold company, is pleased to announce the third set of drill results from its largest ever drilling campaign, which commenced in March 2021, at its Sanankoro Gold Project ('Sanankoro' or 'the Project') southern Mali. The Company plans to drill up to 35,000m by the end of July 2021, with a dual focus on targeting resource growth as well as infill drilling to convert existing Inferred resources to Measured and Indicated resources.

To view the RNS with illustrative diagrams and maps, please use the following link:

Highlights:

New drill results at Selin

-- 19m @ 4.0 g/t Au from 13m
o including 7m @ 8.86 g/t Au in hole SC0333

-- 17m @ 2.82 g/t Au from 47m
o including 1m @ 27.77 g/t Au in hole SC0342

-- 11m @ 2.29 g/t Au from 44m in hole SC0339
-- 11m @ 2.02 g/t Au from 13m in hole SC0347
-- 15m @ 1.96 g/t Au from 31m in hole SC0340
-- 13m @ 1.49 g/t Au from 18m in hole SC0316
-- 18m @ 1.46 g/t Au from 68m in hole SC0341
-- Results are in areas of Selin with limited historical drilling
Update on drill programme progress

-- 132 holes drilled totalling over 13,000m from start of the campaign to 19 May 2021
-- Arrival of the second reverse circulation ('RC') rig from Geodrill expected in early June 2021

-- Capital Drilling's diamond core rig has started a 2,000-metre geotechnical programme
-- Geotechnical and hydrology contractors have been appointed
-- Targeting completion of up to 35,000m drilling by end July 2021
Bert Monro, CEO of Cora, commented, "Following on from the first two sets of drill results, it is extremely pleasing to be reporting further strong results from Sanankoro, including 19m @ 4 g/t Au from 13m depth - our best hole of the campaign to date in more shallow oxides. These results are also in areas of limited historical drilling, offering further significant encouragement.

"We have now completed over 13,000m of drilling in this programme and have recently commenced geotechnical drilling with a diamond drill rig. A second RC rig will be mobilising to site in the coming weeks

[replicas1967] 24/5/2021 07:16

Wow 🤩

[oapknob1] 11/5/2021 08:45

Widened spread and took some on the cheap. Dirty.