Cora Gold Share News (CORA)

(Sharecast News) - West Africa-focussed gold company Cora Gold announced the seventh set of drill results from its largest-ever drilling campaign at its Sanankoro Gold Project in southern Mali on Wednesday.
The AIM-traded firm said the 35,000 metre programme, which had delivered "extremely positive" results to date, was on track to complete in the near future/

After that, it was targeting an updated mineral resource estimate after it received all of the assays back.

It said the results at Zone A continued to reinforce the "excellent grade" of oxide ore from surface, with 17 metres at 5.54 grams of gold per tonne from 117 metres and 19 metres at 3.03 grams per tonne from 26 metres in hole SC0422 on section 1296125N.

The company also highlighted 15 metres at 5.56 grams of gold per tonne from 123 metres in hole SC0427, 15 metres at 5.43 grams per tonne from 46 metres in hole SC413, and 20 metres at 3.20 grams per tonne from 110 metres in hole SC0428.

Finally, it reported 13 metres at 4.03 grams of gold per tonne from 26 metres in hole SC0410, 16 metres at 3.25 grams per tonne from 20 metres in hole SC0419, and 10 metres at 5.22 grams per tonne from 63 metres in hole SC0425.

The results followed on from the "world-class" intersection at Sanankoro, as announced 7 July 2020, with 19 metres at 31.56 grams of gold per tonne from 65 metres at Zone A.

Cora said follow-up second phase development drilling had now started in the zone.

"With each new set of exciting intercepts, we reinforce our belief in the significant oxide potential of the Sanankoro Gold Project and the potential increase in resource size over time," said chief executive officer Bert Monro.

"We are now moving into the final phases of the drill programme.

"Following the completion of the second phase deeper drilling at Selin, targeting the deeper extension of the shallow 65m pit shells, with assay results pending, the rigs have returned to zones A and C to follow up some better-than-expected higher grade intercepts from the first phase programme in this area."

At 1524 BST, shares in Cora Gold were up 9.11% at 13.42p.