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Cora Gold Ltd - West African focused gold company - Announces series of new surface gold discoveries at Sanankoro project, southern Mali. Three new mineralised structures have been identified, these being a more than 4 kilometre trend at the Selin deposit, a more than 8 kilometre trend of surface workings West of C Zone, and a more than 3 kilometre north-eastern extension of Dako II Main discovery. Follow-up drilling is planned for these discoveries in the first and second quarters of 2021.
Cora also says it has been awarded a new convention agreement, among the first under Mali's new mining code, for the Sanankoro permit area.
Chief Executive Bert Monro: "These new discoveries will be ordered and prioritised accordingly and fed into the drilling pipeline at Sanankoro. The fact the team on the ground is continually making new discoveries bolsters our confidence in the Sanankoro resources growing significantly over time with further drilling. We look forward to following up these discoveries with drilling in the near future."
Current stock price: 8.58 pence; up 7.2% on Wednesday
Year-to-date change: up 0.9%
By Anna Farley; annafarley@alliancenews.com
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