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(Alliance News) - Cora Gold Ltd on Monday reported a promising discovery from its Sanankoro gold project in Mali.
Cora shares were 22% higher at 9.78 pence each in London on Monday morning.
The find follows results from a drilling programme at the Bokoro II permit.
"These results are extremely positive given that it is the first time the Bokoro permit has been systematically drilled by Cora, with the programme achieving its objective by successfully delineating a 1.5 kilometre gold zone that lies close to Selin, one of our existing deposits. With many similar oxide targets remaining within the project area in close proximity to the defined resources, upside oxide potential remains significant, even before considering the future potential for the deeper sulphide mineralisation," Chief Executive Officer Bert Monro said.
By Eric Cunha; ericcunha@alliancenews.com
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