CORA RNS9 Apr 2018 09:37
Dr Jonathan Forster, CEO of Cora Gold, said "The reconnaissance drilling programme at Tekeledougou is the first substantial exploration ever completed at the Project, with two exciting gold targets tested. Both prospects are highlighted by large surface area artisanal workings, in some cases extending over 600m of strike, with broad quartz shear structures. Both surface and drilling data indicate potential widths of the steeply dipping sheeted quartz vein structures to be in excess of 30m to 40m, suggesting a structure likely to be amenable to bulk mining. As at our Sanankoro Gold discovery 60km away, visible gold was seen in samples panned at the drill rig at Tekeledougou. We see significant potential to extend these wide structures well beyond the already identified footprint which, if consistently mineralised, could lead to a large gold deposit. The Project's close proximity to our major shareholder Hummingbird's Yanfolila Gold Mine is a bonus and potentially presents additional avenues for value realisation. With this in mind, I look forward to reporting the assay results later this quarter."