LONDON (Alliance News) - Cora Gold Ltd said Monday its consultant has determined an initial exploration target of between 30 million and 50 million tonnes of gold-containing ore for its Sanankoro gold discovery in southern Mali.
Cora added that SRK Consulting Ltd determines that the grade of the gold is between 1.0 and 1.3 grams per tonne.
Chief Executive Officer Jonathan Forster said: "It is very pleasing to have our opinion on the gold potential of the Sanankoro project confirmed by this independent review by SRK."
Cora Gold shares were trading up 3.7% at 9.59 pence each.
Cora Gold (CORA)