(Alliance News) - Cora Gold Ltd on Wednesday reported positive results from an infill drilling programme at the Selin prospect on the Sanankoro gold discovery in southern Mali.
The West Africa-focused gold exploration company said infill results at Selin correlate with results of previous drill programmes and confirm oxide gold mineralisation extends to depths of up to 90 metres at the southern part of the prospect.
Continuity of oxide gold mineralisation is traced for approximately 2,250 meters at the surface, Cora said.
In addition, shallow reconnaissance oxide exploration drilling was completed, Cora said, to test the potential for extending mineralisation for 500 metres to the north and south of Selin as well as a zone on the Bokoro North structure.
As a result, the company identified gold mineralisation of potentially economic interest to the north of the Bokoro North artisanal pit.
"We are extremely pleased with the results of the infill drilling, which continues to demonstrate potentially economic mineralisation in the near-surface oxide portion of the Selin prospect," said Chief Executive Jonathan Forster.
"The Selin prospect demonstrates good potential for future extraction through low-cost open pit mining and the enhanced knowledge of the continuity of oxide mineralisation significantly justifies a further exploration programme to investigate the deeper sulphide mineralisation," added Forster.
Cora shares were trading 2.1% lower on Wednesday in London at 5.75 pence each.
Cora Gold (CORA)