(Alliance News) - Cora Gold Ltd on Monday said it is "pleased" with the final drilling results from work at the Sanankoro gold project in southern Mali.
Cora's final part of the programme consisted of six holes covering 837 metres at Zones A and B at the project, which is on the Yanfolila gold belt.
At Zone A, Cora intersected expected gold in both holes, including 13 metres at a grade of 1.41 grams of gold per tonne of ore and 4.4 metres at 1.28 grams of gold.
In Zone B, Cora found grades as high as 44.6 grams of gold over 0.9 metres and 5.2 grams of gold over three metres.
Chief Executive Bert Monro commented: "These are the final round of drilling results from this work programme, following on from two previous sets of drilling results on the Sanankoro gold project. We are pleased the combined results have identified significant scope to extend resources both at depth and along strike.
"These latest results are further signs of our confidence in the project. Having recently announced a GBP2.9 million conditional fundraise, we have the capital available to continue to move Sanankoro forward with an initial focus on resource growth and then in time further study work."
Cora shares were 1.2% higher on Monday afternoon in London at 4.35 pence each.
By George Collard; georgecollard@alliancenews.com
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Cora Gold (CORA)