Cora Gold Limited - West African focused gold company - Says all key consultants and contractors appointed in September have completed site visits to Sanankoro site in Southern Mali. Hydrogeological and geotechnical drilling programmes, as well as geotechnical test pits, have commenced on site and are ongoing. Further, all metallurgical test work samples have arrived at ALS Perth, Australia and composited ahead of a metallurgical test work programme due to be completed during first quarter 2022, it adds.
Chief Executive Officer Bert Monro says: "We are making excellent progress in advancing the DFS at Sanankoro, which when completed, will unlock the USD25 million Lionhead Capital funding to support the construction of the mine. The recently updated Mineral Resource Estimate exceeded our expectations and set up strong foundations for the Mining study to be completed on with a high conversion to Indicated oxide material.
"Following the appointment of our consultants and contractors a few months ago, many other workstreams have been successfully advanced with test work samples already in the lab for analysis, geophysics work completed, and drilling programmes underway, amongst many other key steps achieved. With various milestones already completed in the DFS process, the next stage in Sanankoro's development of completing the ESIA is well on track to be finalised in first half 2022."
Current stock price: 9.17 pence
Year-to-date change: up 6.6%
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Cora Gold (CORA)