LONDON (Alliance News) - Cora Gold Ltd on Monday said it has found further high grade gold zones at its Sanankoro gold project in Mali.
Shares in the miner were up 7.9% to 15.38 pence each on Monday.
Cora discovered 34 metres at a grade of 2.5 grams of gold per tonne of ore which included 23 metres at 3.3 grams per tonne.
It also found 19 metres at 1.2 grams per tonne gold, nine metres at 1.0 g/t gold, and 63 metres at 0.9 g/t gold.
The company said confirmation core drilling at zone A on the project shows a good correlation to historical drilling, while work north of zone B has extended the mineralised strike length to over five kilometres.
Chief Executive Jonathan Forster said: "The overall scale and quality of Sanankoro is remarkable. We have received consistently encouraging results from drilling at this project, with today's assay results from core drilling confirming previous work at the zone A area of the project. It is pleasing to see confirmation of the higher grades that can be achieved in these types of heterogeneous quartz stockwork systems.
"In addition, our step out reconnaissance drilling north of zone B continues to demonstrate the large-scale potential of the Sanankoro gold zone, which has now been extended to some 5.2 kilometres, and with every potential for it to continue to grow."
Cora Gold (CORA)