We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| 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 | 0.00 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Gold Ores | 0 | -2.51M | -0.0068 | -3.38 | 8.52M |
From Apr 2021 to Apr 2024
TIDMCORA
RNS Number : 6415L
Cora Gold Limited
14 September 2021
Cora Gold Limited / EPIC: CORA.L / Market: AIM / Sector: Mining
14 September 2021
Cora Gold Limited ('Cora' or 'the Company')
103m @ 2.1 g/t in vertical Selin hole and 37m @ 2.39 g/t at Zone A, Sanankoro Gold Project
Cora Gold Limited, the West African focused gold company, is pleased to announce the eleventh set of drill results from its largest ever drilling campaign at its Sanankoro Gold Project ('Sanankoro' or 'the Project') in Southern Mali. The Company is focussed on targeting resource growth as well as infill drilling to convert existing Inferred resources to Indicated. The results to date have been extremely encouraging with good widths and high-grade results in generally shallow oxides ore.
HIGHLIGHTS
Selin
Hot Features
Premium
-- 103m @ 2.1 g/t Au from 46m in Diamond Drilling ('DD') vertical metallurgy hole SD0023
-- Including 11.5m @ 7.45 g/t Au and 11.5m @ 7.12 g/t Au
-- 8m @ 6.60 g/t Au from 87m in SC1016
-- 33m @ 1.48 g/t Au from 191m in resource hole SD0021
-- Including 9m @ 3.95 g/t Au
-- 90m under existing pit shell
-- 7m @ 6.60 g/t Au from 65m in hole SC1018
-- 21m @ 1.79 g/t Au from 144m in hole SC1075
-- Good opportunity exists to consolidate a single +3km pit at Selin with positive results in the central area of Selin with no current pit shell
Zone A
-- 37m @ 2.39 g/t Au from 81m in hole SC0531
-- 25m @ 2.12 g/t Au from 51m in hole SC0511
-- 39m @ 1.21 g/t Au from 98m in hole SC0533
-- 25m @ 1.50 g/t Au from 60m in hole SC0501
-- Reverse Circulation ('RC') drill programme has now been completed
-- DD is ongoing focussed on metallurgical and geotechnical holes
Bert Monro, CEO of Cora, commented, "With the RC programme now completed and the diamond programme coming to an end it is an exciting period for Cora as we move closer to the updated mineral resource estimate ('MRE'). Strong results are continuing to come through in our largest ever drill programme with lots of resource quality intercepts and grades being struck at both Zone A and Selin. Importantly, a number of the intercepts, including 33m @ 1.48 g/t, are significantly outside existing pit shells providing further confidence in our ability to enhance our existing resource inventory later this year once all the results have been received."
To view the RNS with illustrative diagrams and maps, please use the following link:
http://www.rns-pdf.londonstockexchange.com/rns/6415L_1-2021-9-13.pdf
Relevance of the results
Management believes that the intercepts reported from diamond drill holes ('DD') SD0020 to SD0023 confirm the down dip continuity of ore grades in association with the Selin Diorite from surface to +150m vertical depth. The metallurgical PQ-HQ hole SD0023 demonstrates a continuous vertical profile of +2g/t material from 46m to 149m within diorite. The hole ends in grade as Cora stopped purely to test immediate open pit quality ore types. Hole SD0021, similarly demonstrates continuity of high-grade structure within diorite of 9m at 3.95 g/t, 70m below previous high-grade intercept of 49m at 15.55 g/t on SC0484 on section 1,305,600N. There is great potential to drive the diorite resource at Selin to 150-200m depths. In addition, the body of resource intercepts reported within the Selin Phase 1 ("P1") and Phase 2 ("P2") programmes demonstrates the +2g/t material has a core in the north, of continuous horizontal bench-widths of 50 to 80m within the shallow 20-30(o) north plunging fold nose, opening plunge opportunities for the future resource drilling beyond this programme.
Selin drill section 1304700N shows the new resource quality intercepts building southwards, filling the resource gaps where, due to limited drilling, no previous pit shell had been generated in the 2019 MRE. Good opportunity exists to consolidate a single +3km pit at Selin.
The Zone A drill sections show resource and metallurgical drill hole assay results, which clearly consolidate a 50-70m wide, 60(o) east-dipping orebody which extends +180-200m down-dip from surface to well beyond the 2019 pit shell limits.
Plans of the drill intercepts and annotated drill sections Selin 1305500N, 1305600N, 1304700N and Zone A 1296200N, 1296100N and 1296225N are included to illustrate the grade and geological context of the reported results.
Details
The Company is pleased to report the assay results from the latest 87 holes in Cora's 2021 programme from Selin and Zone A, including SC0495 to SC0535, SC1012 to SC1039, SC1063 to SC1078 and SD0020 to SD0023. Phase 2 (P2) has focused resource consolidation on Selin, Zone A and Zone B1 pit shells, growing these pit shells and closing gaps between them.
Holes - Metres - Intercepts Reported - Metres Sent for Assay
The intercepts reported equate to the latest 9,590m of an expanded +40,000m drill programme and are hosted on thirty-six 50m sections between 1295675N and 1305680N. As of 12 September 2021, 371 holes have been completed totalling 39,791m of reverse circulation ('RC') drilling and 2,555.6m of diamond drill ('DD') coring. The Company has received assay results for 23,502 sampled intervals which equates to 77% of the total 30,360 samples submitted to date. There are 6,398 samples currently outstanding at the laboratory.
The results reported herein were generated from 10,280 submitted samples, which included a high level of 20% blind, independent, accredited QAQC. The intercepts reported have passed rigorous QAQC.
Update on drill programme progress
-- 371 holes drilled totalling over 42,346m from start of the campaign to 12 September 2021 -- The Capital Drilling Deep RC rig completed drilling 29 August 2021 and has demobilised. -- The GEODRILL KL600 RC rig completed drilling 30 August 2021 and has demobilised.
-- The Capital Diamond Drill ('DD') rig is on-going with geotechnical, metallurgical and hydrological study test work drilling activities.
Background on the Selin Geology
Selin is hosted on the eastern margin of the Sanankoro Shear Zone in the north-eastern corner of the Sanankoro permit.
The Selin deposit has a typical interference node control but with the additional positive impact of a strong, rheological diorite intrusive host. The gold geology at Selin is anchored along this linear, en-echelon or possibly folded, diorite igneous intrusive which cores the volcaniclastic thrust assemblage and focuses the gold deposition.
Recent core drilling into Selin has enlightened the genetic model for this resource deposit by discovering 4-6 multiple early/pre-D3 dykes of diorite intruding the 65-80(o) W dipping axial trace of a western hanging-wall F3 anti-form on this major reactivated D2 east-verging thrust. The >100 metre wide Selin Shear Zone may be a regional back-thrust and the dominant eastern margin of the regional west-verging Sanankoro thrust. The largest diorite unit is demonstrably discordant and sits immediately west and adjacent to a major early ductile, 10-30m wide footwall carbonaceous shear. Progressive deformation has folded, warped and possibly cross-faulted the diorite units prior to gold deposition. The early footwall shear fabrics are overprinted by later semi-brittle to brittle graphitic faults which locally convert all protolith to graphitic schist on sub-metre scale. The diorite units exhibit multi-phase veining interference and sulphide development. The dominant sulphide is pyrite with occasional arsenopyrite and a scattering of chalcopyrite. Alteration minerals are predominantly sericite, silica, fuchsite, ankerite, graphite and calcite.
Diorite has been logged in various other prospects at Sanankoro, especially in the main central trend in Zone A, Zone B3, Target 3 and within exploration fences further north along strike from the northern end of Target 3 Pit. A full review and targeted drill programme to investigate the resource potential of the diorite intrusives hosted within these external prospects is planned for in the future.
Background on the Zone A, Zone B and Zone C Geology
Sanankoro is located on the leading western edge of the Yanfolila-Kalana Volcanic Belt, which is the western-most expression of the cratonic Baoulé-Mossi domain, on the major transcrustal margin with the Siguiri Basin. There is major deep-seated architecture across the district which links the major gold mines at Siguiri, Lero, Tri-K, Kalana and Yanfolila.
On a project scale, Sanankoro is characterised by the 2km wide Sanankoro Shear Zone, which can be traced over 30km from Kabaya South in the western Yanfolila Mine to north of the Niger River beyond Selin and onto Karan. Within the project area, each of the prospects are underpinned by a strong linear parallel, and where strong mineralisation is developed, a pronounced localised NE-SW focused zone of en-echelon veining and associated sulphide development.
Zone A is the second major resource deposit at Sanankoro behind Selin and shores up the southern limit of the 11.5km mineralised corridor, which forms the backbone to the Sanankoro Project. Zone A is the southern-most expression of the 010(o) trending central axis of the Sanankoro Shear Zone, which sits 900m west of the Selin Boundary Shear and hosts the 5.8km chain of open pit resources from Zone A through Zone B1, B2, B3 to Target 3. The deposits of this central trend verge westward mimicking the regional sense of thrusting.
Zone B is the third major resource deposit at Sanankoro behind Selin and A. It is the strike extension of Zone A, sitting 800m to the north. The Sanankoro Main Trend runs for 6km from south end of Zone A to the north end of Target 3. Detailed sectional drilling is required along the length of this major generative gold system. The local structural facing and stratigraphy of Zone B is very similar to Zone A with the western footwall sequences hosting more crystalline volcanic tuffaceous units and the eastern, hanging wall assemblages being more basinal sediments. Zone B hosts an impressive scale of hydrothermal activity and the broad horizontal widths of mineralisation observed in the recent drilling bodes well for future discovery potential along the central and southern sections of the Sanankoro Main Shear Zone (SMSZ).
Zone C sits 650 metres southwest of Zone A on the parallel, +7km long Sanankoro West Shear Zone (SWSZ) which can be traced along a chain of surface workings to the Excavator Prospect, 1.5km NNW of Target 3.
Zones A, B and C deposits are identical in style and typical of Siguiri Basin Deposits, fold-thrust controlled within pelitic and psammitic sediments and very deeply weathered (>120m from surface). There is a highly evolved weathering profile with a pronounced 8-10m thick duricrust-laterite ferro-cap, grading downward into a well-developed mottled zone until 20-25m and remains highly weathered until beyond 130m vertically within the central mineralised fault zone. Below the saprolite lies a 35-40m thick transition zone ending in top of fresh rock at between 160 to 170m.
All of the host oxide lithologies are weathered to kaolin with only highly corroded quartz vein material remaining in-situ to mark the main gold faults. Diamond core shows the host lithologies to be predominantly variably grained basinal pelites and sandstones with minor horizons of small quartz clast, matrix-supported greywacke inter-bedded within the sequence. A minor intercept of diorite has been identified but does not form an important control to the mineralisation currently drill tested at Zone A or C. The primary sulphide is pyrite disseminated around central vein networks and enveloped by a broader hydrothermal halo of silica flooding, sericite and ankerite.
Detailed Sanankoro Drill Results 12 09 21:
RESOURCE HOLE_ID EUTM_29N NUTM_29N FROM INTERCEPT
(m)
SELIN SC0495 559,755 1,305,250 98 7m @ 2.11 g/t
----- ----------------
151 1m @ 1.26 g/t
----- ----------------
SELIN SC0496 559,630 1,305,200 108 12m @ 1.94 g/t
-------------- --------------- ----------------- ----- ----------------
ZONE
A SC0497 557,660 1,295,725 21 5m @ 0.77 g/t
----- ----------------
54 12m @ 1.49 g/t
----- ----------------
ZONE
A SC0498 557,660 1,295,737 17 1m @ 0.61 g/t
----- ----------------
56 16m @ 1.55 g/t
----- ----------------
ZONE
A SC0499 557,685 1,295,750 52 4m @ 0.63 g/t
----- ----------------
63 11m @ 1.40 g/t
----- ----------------
79 2m @ 0.61 g/t
----- ----------------
85 3m @ 0.55 g/t
----- ----------------
96 7m @ 0.90 g/t
----- ----------------
ZONE
A SC0500 557,660 1,295,775 6 4m @ 1.97 g/t
----- ----------------
42 5m @ 1.66 g/t
----- ----------------
128 1m @ 0.95 g/t
----- ----------------
ZONE
A SC0501 557,685 1,295,800 60 25m @ 1.50 g/t
----- ----------------
90 7m @ 0.69 g/t
----- ----------------
120 2m @ 0.98 g/t
----- ----------------
ZONE
A SC0502 557,709 1,295,725 99 1m @ 0.50 g/t
----- ----------------
109 1m @ 0.80 g/t
----- ----------------
ZONE
A SC0503 557,690 1,295,750 76 1m @ 0.51 g/t
----- ----------------
104 11m @ 0.72 g/t
----- ----------------
ZONE
A SC0504 557,649 1,295,675 22 1m @ 1.02 g/t
----- ----------------
58 2m @ 2.4 g/t
----- ----------------
63 2m @ 1.16 g/t
----- ----------------
ZONE
A SC0505 557,685 1,295,700 72 1m @ 0.861 g/t
----- ----------------
85 1m @ 0.562 g/t
----- ----------------
89 2m @ 0.63 g/t
----- ----------------
104 4m @ 0.76 g/t
----- ----------------
ZONE
A SC0506 557,700 1,295,775 74 1m @ 0.503 g/t
----- ----------------
78 1m @ 0.52 g/t
----- ----------------
112 1m @ 1.58 g/t
----- ----------------
119 2m @ 0.97 g/t
----- ----------------
122 1m @ 0.5 g/t
----- ----------------
ZONE
A SC0507 557,730 1,295,800 2 12m @ 1.59 g/t
----- ----------------
118 12m @ 0.8 g/t
----- ----------------
ZONE
A SC0508 557,651 1,295,825 23 12m @ 0.8 g/t
----- ----------------
38 1m @ 0.668 g/t
----- ----------------
ZONE
A SC0509 557,655 1,295,875 22 1m @ 1.434 g/t
----- ----------------
32 12m @ 1.76 g/t
----- ----------------
63 1m @ 3.73 g/t
----- ----------------
ZONE
A SC0510 557,684 1,295,950 19 3m @ 0.75 g/t
----- ----------------
38 4m @ 1.04 g/t
----- ----------------
70 2m @ 3.22 g/t
----- ----------------
ZONE
A SC0511 557,730 1,296,103 1 2m @ 1.47 g/t
----- ----------------
51 25m @ 2.12 g/t
----- ----------------
91 18m @ 1.09 g/t
----- ----------------
ZONE no significant
A SC0512 557,573 1,295,750 intercept
-------------- --------------- ----------------- ----- ----------------
ZONE
A SC0513 557,575 1,295,750 53 1m @ 1.842 g/t
----- ----------------
58 1m @ 1.049 g/t
----- ----------------
ZONE
A SC0514 557,578 1,295,800 34 1m @ 0.697 g/t
-------------- --------------- ----------------- ----- ----------------
ZONE
A SC0515 557,580 1,295,800 0 1m @ 23.71 g/t
----- ----------------
45 9m @ 2.31 g/t
----- ----------------
67 2m @ 1.87 g/t
----- ----------------
ZONE no significant
A SC0516 557,585 1,295,850 intercept
-------------- --------------- ----------------- ----- ----------------
ZONE
A SC0517 557,587 1,295,850 59 1m @ 0.904 g/t
----- ----------------
65 5m @ 1.17 g/t
----- ----------------
ZONE
A SC0531 557,647 1,296,195 21 4m @ 0.57 g/t
----- ----------------
54 3m @ 1.65 g/t
----- ----------------
81 37m @ 2.39 g/t
----- ----------------
ZONE
A SC0533 557,645 1,296,225 44 5m @ 1.24 g/t
----- ----------------
56 6m @ 1.49 g/t
----- ----------------
98 39m @ 1.21 g/t
----- ----------------
ZONE
A SC0535 557,714 1,296,300 8 9m @ 0.86 g/t
-------------- --------------- ----------------- ----- ----------------
no significant
SELIN SC1012 559,699 1,305,199 intercept
-------------- --------------- ----------------- ----- ----------------
no significant
SELIN SC1013 559,705 1,305,150 intercept
-------------- --------------- ----------------- ----- ----------------
SELIN SC1014 559,717 1,305,101 30 3m @ 3.49 g/t
-------------- --------------- ----------------- ----- ----------------
SELIN SC1015 559,735 1,305,100 14 6m @ 1.88 g/t
----- ----------------
76 1m @ 0.92 g/t
----- ----------------
SELIN SC1016 559,773 1,305,101 87 8m @ 6.60 g/t
-------------- --------------- ----------------- ----- ----------------
no significant
SELIN SC1017 559,740 1,305,051 intercept
-------------- --------------- ----------------- ----- ----------------
SELIN SC1018 559,775 1,305,050 65 7m @ 6.60 g/t
-------------- --------------- ----------------- ----- ----------------
SELIN SC1019 559,681 1,305,051 23 1m @ 6.60 g/t
----- ----------------
37 2m @ 1.77 g/t
----- ----------------
SELIN SC1019 78 1m @ 0.46 g/t
-------------- --------------- ----------------- ----- ----------------
SELIN SC1019 90 11m @ 0.76 g/t
-------------- --------------- ----------------- ----- ----------------
no significant
SELIN SC1020 559,740 1,305,000 intercept
-------------- --------------- ----------------- ----- ----------------
SELIN SC1021 559,797 1,305,000 17 3m @ 4.03 g/t
----- ----------------
91 3m @ 0.57 g/t
----- ----------------
110 2m @ 2.77 g/t
----- ----------------
SELIN SC1022 559,764 1,304,950 12 21m @ 0.56 g/t
-------------- --------------- ----------------- ----- ----------------
SELIN SC1023 559,749 1,304,900 9 1m @ 0.751 g/t
-------------- --------------- ----------------- ----- ----------------
SELIN SC1024 559,769 1,304,900 10 10m @ 0.65 g/t
-------------- --------------- ----------------- ----- ----------------
no significant
SELIN SC1025 559,755 1,304,849 intercept
-------------- --------------- ----------------- ----- ----------------
SELIN SC1026 559,775 1,304,850 8 8m @ 0.73 g/t
-------------- --------------- ----------------- ----- ----------------
SELIN SC1027 559,815 1,304,850 82 9m @ 1.86 g/t
-------------- --------------- ----------------- ----- ----------------
SELIN SC1028 559,825 1,304,800 75 13m @ 0.5 g/t
-------------- --------------- ----------------- ----- ----------------
SELIN SC1029 559,789 1,304,755 11 2m @ 1.25 g/t
----- ----------------
52 1m @ 0.766 g/t
----- ----------------
SELIN SC1030 559,769 1,304,700 99 1m @ 1.246 g/t
-------------- --------------- ----------------- ----- ----------------
SELIN SC1031 559,825 1,304,699 77 6m @ 2.63 g/t
-------------- --------------- ----------------- ----- ----------------
no significant
SELIN SC1032 559,779 1,304,651 intercept
-------------- --------------- ----------------- ----- ----------------
SELIN SC1033 559,814 1,304,649 18 1m @ 0.613 g/t
----- ----------------
59 6m @ 1.26 g/t
----- ----------------
86 2m @ 0.85 g/t
----- ----------------
103 1m @ 0.79 g/t
----- ----------------
no significant
SELIN SC1034 559,724 1,304,600 intercept
-------------- --------------- ----------------- ----- ----------------
SELIN SC1035 559,835 1,304,602 97 10m @ 0.83 g/t
-------------- --------------- ----------------- ----- ----------------
SELIN SC1036 559,855 1,304,600 134 3m @ 0.79 g/t
----- ----------------
148 1m @ 0.66 g/t
----- ----------------
SELIN SC1037 559,852 1,304,549 104 5m @ 1.82 g/t
-------------- --------------- ----------------- ----- ----------------
no significant
SELIN SC1038 559,831 1,304,549 intercept
-------------- --------------- ----------------- ----- ----------------
SELIN SC1039 559,810 1,304,550 11 1m @ 0.77 g/t
----- ----------------
56 1m @ 2.3 g/t
----- ----------------
SELIN SC1063 559,631 1,305,250 103 10m @ 0.88 g/t
-------------- --------------- ----------------- ----- ----------------
SELIN SC1064 559,800 1,305,100 156 1m @ 0.93 g/t
----- ----------------
156 1m @ 0.93 g/t
----- ----------------
SELIN SC1065 559,650 1,305,100 119 6m @ 3.71 g/t
-------------- --------------- ----------------- ----- ----------------
SELIN SC1066 559,649 1,305,150 105 9m @ 0.91 g/t
-------------- --------------- ----------------- ----- ----------------
SELIN SC1067 559,670 1,305,001 85 1m @ 0.69 g/t
-------------- --------------- ----------------- ----- ----------------
SELIN SC1068 559,750 1,305,149 58 6m @ 1.13 g/t
----- ----------------
69 1m @ 0.53 g/t
----- ----------------
SELIN SC1069 559,679 1,305,505 46 1m @ 0.55 g/t
-------------- --------------- ----------------- ----- ----------------
no significant
SELIN SC1070 559,705 1,305,549 intercept
-------------- --------------- ----------------- ----- ----------------
SELIN SC1071 559,725 1,305,450 113 1m @ 1.63 g/t
-------------- --------------- ----------------- ----- ----------------
SELIN SC1072 559,809 1,304,950 82 8m @ 0.48 g/t
----- ----------------
98 7m @ 0.71 g/t
----- ----------------
SELIN SC1073 559,815 1,304,900 92 23m @ 0.83 g/t
-------------- --------------- ----------------- ----- ----------------
no significant
SELIN SC1074 559,839 1,304,751 intercept
-------------- --------------- ----------------- ----- ----------------
SELIN SC1075 559,847 1,304,701 113 2m @ 1.37 g/t
----- ----------------
144 21m @ 1.79 g/t
----- ----------------
SELIN SC1076 559,805 1,304,699 14 14m @ 1.01 g/t
----- ----------------
33 1m @ 0.96 g/t
----- ----------------
58 2m @ 2.07 g/t
----- ----------------
no significant
SELIN SC1077 559,820 1,304,752 intercept
-------------- --------------- ----------------- ----- ----------------
SELIN SC1078 559,849 1,304,650 121 21m @ 1.29 g/t
-------------- --------------- ----------------- ----- ----------------
SELIN SD0020 559,559 1,305,404 196 14m @ 1.12 g/t
-------------- --------------- ----------------- ----- ----------------
33m @ 1.48 g/t
incl 9m @ 3.95
SELIN SD0021 559,534 1,305,680 191 g/t
----- ----------------
0.5m @ 2.39
SELIN SD0022 559,532 1,305,681 153 g/t
----- ----------------
166 11m @ 0.83 g/t
----- ----------------
213 11m @ 0.62 g/t
----- ----------------
103m @ 2.10
SELIN SD0023 559,649 1,305,500 g/t incl
-------------- --------------- ----------------- ----- ----------------
11.5m @ 7.45g/t
and
------------------------- --------------- ----------------- ----------------
11.5m @ 7.12
46 g/t
------------------------- --------------- ----------------- ----- ----------------
Competent persons statement: Mr. Norman ('Norm') Bailie is a Chartered Professional - Geology and Management and Fellow of the Australasian Institute of Mining and Metallurgy (AUSIMM) and a Chartered Professional and Fellow of the Geological Society UK and qualifies as a Competent Person in accordance with the guidance note for Mining, Oil & Gas Companies issued by the London Stock Exchange in respect of AIM Companies, which outlines standards of disclosure for mineral projects. Norm Bailie consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears.
Market Abuse Regulation ('MAR') Disclosure
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.
**S**
For further information, please visit http://www.coragold.com or contact:
+44 (0) 20 3239
Bert Monro / Norm Bailie Cora Gold Limited 0010
Christopher Raggett finnCap Ltd +44 (0) 20 7220
/ Charlie Beeson (Nomad & Joint Broker) 0500
------------------------- ----------------
Andy Thacker / James Turner Pope Investments +44 (0) 20 3657
Pope (Joint Broker) 0050
------------------------- ----------------
Susie Geliher / Selina St Brides Partners +44 (0) 20 7236
Lovell (Financial PR) 1177
------------------------- ----------------
Notes
Cora is a gold 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's primary focus is on further developing Sanankoro in the Yanfolila Gold Belt (Southern Mali), which Cora believes has the potential for a standalone mine development. Sanankoro has a positive Scoping Study published on it showing an 107% IRR and US$41.5m NPV(8) at a US$1,500 gold price. Cora's highly experienced management team has a proven track record in making multi-million-ounce gold discoveries, which have been developed into operating mines.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
MSCDDGDCRXBDGBX
(END) Dow Jones Newswires
September 14, 2021 02:00 ET (06:00 GMT)
1 Year Cora Gold Chart |
1 Month Cora Gold Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
