(Alliance News) - Cora Gold PLC said Monday it has started drilling at the Madina Foulbe permit in eastern Senegal within the Kedougou-Kenieba Inlier gold region.
The 2,000 metre reverse circulation drill programme will test the mineralisation at depth, with two initial targets identified within the permit.
The first target is 2.5 kilometre-long gold anomaly known as Tambor, and the second anomaly known as Madina as 2.0 kilometres long.
Drilling is expected to be completed in April, with results published in the second quarter of 2020.
In addition, a solar hybrid has been installed to power the camp to reduce fuel consumption and carbon dioxide emissions.
"Located in one of the most prolific gold regions in Africa, we are very excited to be drilling at Madina Foulbe. Historical and more recent exploration results have given our team on the ground confidence ahead of undertaking the drilling campaign - the first time Cora has drilled this permit. We look forward to updating shareholders with progress on the drilling campaign in due course," said Chief Executive Officer Bert Monro.
Shares in Cora Gold closed 4.3% lower at 4.49 pence on Monday in London.
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Cora Gold (CORA)