Cora Gold objective27 Aug 2019 11:43
Development strategy of focusing on a section of the deposit to advance into a smaller scale, revenue generative project that can be expanded on an incremental basis as future exploration significantly enlarges the resource
· Areas with the potential to become higher grade starter pits are being outlined, as highlighted by recently reported drill results that included 46m at 4.48 g/t Au and 24m at 2.83 g/t Au
· Favourable geology present at Sanankoro; with deeply weathered oxide gold zones, that are amenable to heap leach and Cyanide in Leach ("CIL"), with the potential for up to 97% gold recovery, which could enable low cost mining and processing
· Detailed definition work to commence in the near term that will result in the fast tracking of a smaller scale project, including targeting a maiden mineral resource estimate
o If warranted by results, a Scoping Study will be initiated with reporting targeted in Q4 2019, with incorporation of an incremental expansion plan that could justify a target of +100,000oz per annum