Cora Gold shines after confirming high-grade mineralisation in Mali
By Duncan Ferris
Date: Friday 19 Jul 2019
(Sharecast News) - Cora Gold's shares jumped on Friday after it identified high-grade gold mineralisation at the Central Selin Prospect on its flagship Sanankoro gold project in Mali.
A drilling programme at the project, located in the Yanfolila Gold Belt in the south of the West African nation, included intersecting 22 metres at 2.68 grammes per tonne of gold from 51 metre hole depth, 9 metres at 3.07g/t from 117 metres and 8 metres at 3.12g/t from 114 metres.
The results could lead to an increase in the company's exploration target, as its current target of 1m - 2m ounces of gold was based on mineralisation to 100m and did not take into account further mineralisation at depth, the company said.
Chief executive Jonathan Forster said the "results support earlier indications that the sulphide potential at Selin could be significant, providing justification for a future drill programme that would aim to extend the gold mineralisation at depth".
Cora Gold's shares were up 17.00% at 4.68p at 1149 BST.
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