Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCora Gold Share News (CORA)

Share Price Information for Cora Gold (CORA)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 2.05
Bid: 2.00
Ask: 2.10
Change: 0.00 (0.00%)
Spread: 0.10 (5.00%)
Open: 2.05
High: 2.05
Low: 2.05
Prev. Close: 2.05
CORA Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Cora Gold upbeat on drill results from Sanankoro

Tue, 11th Feb 2020 11:09

(Sharecast News) - West Africa-focussed gold exploration company Cora Gold announced the first drill results from its campaign at the Sanankoro Gold Project in southern Mali on Tuesday, which began in November.
The AIM-traded firm said the drilling mainly targeted deeper oxide and sulphide extensions to the maiden pit-constrained inferred mineral resource of five million tonnes, at 1.6 grams of gold per tonne, for 265,000 ounces of gold.

It said the highlights from the results included hole SC241, with 2.61 grams of gold per tonne over 29 metres from 82 metres, including 3.89 grams of gold per tonne over 12 metres in the sulphide portion of the hole.

At hole SC246, it noted 4.2 grams of gold per tonne over seven metres from 101 metres, including 8.38 grams of gold per tonne over three metres, and at hole SC248 it pointed out 2.05 grams of gold per tonne over 14 metres from 61 metres, including 3.31 grams of gold per tonne over seven metres.

Finally, at hole SC248 the company highlighted 1.08 grams of gold per tonne over 18 metres from 84 metres, and at hole SC250, there was 1.68 grams of gold per tonne over four metres from 137 metres, with the hole ending in mineralisation.

The board said further results from additional drilling at Sanankoro were expected in the coming weeks.

"Cora has successfully intersected multiple higher-grade gold intercepts at Sanankoro in its latest drill programme," said chief executive officer Bert Monro.

"This set of results mainly tested continuity of mineralisation at depth, in part below the limit of the existing resource pit shells.

"The current resource has a range of pit depths from about 40 to 100 metres, so there is significant scope to increase the open pit resources with further successful drilling."

Monro said the firm's recently-announced scoping study, which was calculated on its current maiden pit-constrained inferred mineral resource of five million tonnes at 1.6 grams of gold per tonne for 265,000 ounces of gold, highlighted the "attractive economic returns" possible at Sanankoro, including an internal rate of return of 84% and capital expenditure payback of 18 months.

"We look forward to announcing further results from this drilling programme covering predominantly potential extensions to existing resources."

At 1105 GMT, shares in Cora Gold were up 5.96% at 6.22p.
More News
6 Jul 2020 08:22

Cora Gold releases 'notable' exploration results from Mali and Senegal

(Sharecast News) - Cora Gold reported "notable" results from its ongoing programmes in west Mali and Senegal on Monday, with a new target identified at the Madina Foulbé Permit in Senegal.

Read more
25 Jun 2020 14:26

IN BRIEF: Cora Gold Reports Positive Metallurgical Test Work Results

IN BRIEF: Cora Gold Reports Positive Metallurgical Test Work Results

Read more
25 Jun 2020 08:42

Cora Gold reports positive results from Sanankoro sampling

(Sharecast News) - West Africa-focussed gold company Cora Gold reported positive results from the bulk sample programme it completed in conjunction with Hummingbird Resources on Thursday.

Read more
18 Jun 2020 18:19

IN BRIEF: Cora Gold Gets USD21 Million Funding For Sanankoro Project

IN BRIEF: Cora Gold Gets USD21 Million Funding For Sanankoro Project

Read more
18 Jun 2020 11:50

Cora Gold signs term sheet to fund Sanankoro project

(Sharecast News) - West Africa-focussed Cora Gold has signed a $21m (£16.82m) mandate and term sheet with investment firm Lionhead Capital Advisors, to fund the future development of its flagship Sanankoro Gold Project in southern Mali, it announced on Thursday.

Read more
18 May 2020 16:17

Cora Gold Annual Loss Widens On Impairment Charges

Cora Gold Annual Loss Widens On Impairment Charges

Read more
6 May 2020 14:56

UK TRADING UPDATE SUMMARY: Decontamination Calls Rise At Modern Water

UK TRADING UPDATE SUMMARY: Decontamination Calls Rise At Modern Water

Read more
6 May 2020 11:56

Cora Gold announces first results from Madina Foulbe drilling

(Sharecast News) - West Africa-focussed Cora Gold announced the first set of results received from the 2,000 metre reverse circulation drill programme at the Madina Foulb? Permit on Wednesday.

Read more
4 May 2020 16:17

Cora Gold ropes in Digby Wells for next stage at Sanankoro

(Sharecast News) - West Africa-focussed Cora Gold has appointed international environmental consultants Digby Wells Environmental to undertake the environmental and social impact assessment (ESIA) for its Sanankoro Gold Project, in the Yanfolila Gold Belt of southern Mali, it announced on Monday.

Read more
4 May 2020 14:13

Cora Gold To Study Environmental, Social Impact Of Sanankoro Project

Cora Gold To Study Environmental, Social Impact Of Sanankoro Project

Read more
9 Apr 2020 14:54

UK TRADING UPDATE SUMMARY: Naked Wines, Distil Get Bar-Closure Boost

UK TRADING UPDATE SUMMARY: Naked Wines, Distil Get Bar-Closure Boost

Read more
30 Mar 2020 18:32

Cora Gold Starts Drilling Programme At Madina Foulbe Permit In Senegal

Cora Gold Starts Drilling Programme At Madina Foulbe Permit In Senegal

Read more
25 Mar 2020 14:44

Cora Gold prepares operating camps for Covid-19

(Sharecast News) - West Africa-focussed Cora Gold updated the market in response to the Covid-19 coronavirus pandemic on Wednesday, saying that it placed the safety and wellbeing of its employees and contractors as its highest priority.

Read more
23 Mar 2020 15:59

Cora Gold Happy With Final Results From Drilling In Southern Mali

Cora Gold Happy With Final Results From Drilling In Southern Mali

Read more
23 Mar 2020 14:09

Cora Gold upbeat on latest drilling results at Sanankoro

(Sharecast News) - West Africa-focussed exploration company Cora Gold announced final drilling results from its fourth quarter programme at the Sanankoro Gold Project in the Yanfolila Gold Belt of Southern Mali on Monday.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.