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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 | 2.20 | 2.20 | 231,364 | 08:00:54 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gold Ores | 0 | -2.51M | -0.0068 | -3.38 | 8.52M |
TIDMCORA
RNS Number : 4982P
Cora Gold Limited
18 February 2021
Cora Gold Limited / EPIC: CORA.L / Market: AIM / Sector: Mining
18 February 2021
Cora Gold Limited ('Cora' or 'the Company')
Farassaba III Permit Awarded
Cora Gold Ltd, the West African focused gold company, is pleased to report that the Farassaba III permit has been re-awarded, on the 12 February 2021, for a new nine-year term. The new permit, which covers the same 93km(2) area of the expired permit, comprises part of the +300km(2) group of four permits which are collectively known as Cora's 'Yanfolila Project Area'. The Yanfolila Project Area is located around the Yanfolila Gold Mine of Hummingbird Resources Plc (AIM:HUM). The permits range between 8km-30km in distance from the Yanfolila Gold Mine processing plant.
To view the RNS with illustrative maps and diagrams please use the following link: http://www.rns-pdf.londonstockexchange.com/rns/4982P_1-2021-2-17.pdf
Bert Monro, CEO of Cora Gold, commented, "Farassaba III is one of four Cora permits that surround the operating 2Moz Yanfolila Gold Mine. The permits range from only 8km from the processing plant up to around 30km away so are within possible trucking distances if economic discoveries are proven on the permits. Cora has had some exciting drill results across this portfolio of permits and looks forward to completing further exploration on the ground during 2021."
Figure 1: Cora Gold Permit Areas within the Yanfolila Gold Belt
Figure 2: Cora Gold Yanfolila Project Area Permits
Market Abuse Regulation ('MAR') Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
**ENDS**
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 Turner Pope Investments +44 (0) 20 3657 Andy Thacker / Zoe Alexander (Joint Broker) 0050 Megan Dennison / Susie St Brides Partners +44 (0) 20 7236 Geliher (Financial PR) 1177
Notes
Cora Gold 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.
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February 18, 2021 02:00 ET (07:00 GMT)
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