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25 Mar 2020 07:00
Cora Gold Limited / EPIC: CORA.L / Market: AIM / Sector: Mining
25 March 2020
Cora Gold Limited ("Cora Gold", "Cora" or "the Company")
Statement on COVID-19
Cora Gold Limited, the West African focused gold company, announces a corporate update in response to COVID-19.
Cora places the safety and wellbeing of its employees and contractors as its highest priority. Accordingly, a business continuity programme has been put in place to protect employees whilst ensuring the safe operation of the Company.
Having spoken with, amongst others, local government, staff and contractors, strict protocols have been implemented to reduce the risk of transmission of COVID-19 at all the Company's relatively isolated camps in Mali and Senegal. These include, but are not limited to, twice daily temperature checks for all staff, regular hand cleaning points, reduced movement of staff and a two-week supply of fuel and food to allow operations to continue in relative isolation whilst the Company monitors the situation in the region. Isolation units are set up in the event of any symptoms shown in a camp and there are medical clinics under an hour's drive away in the event the symptoms persist for any extended period. All field camps are currently operating with no expatriate staff as is generally the case for the Company regardless of the current situation.
The situation in respect of COVID-19 is an evolving one and the Board will continue to review its potential impact on its staff and the business and provide further updates as appropriate.
Bert Monro, CEO of Cora Gold, said, "As the impact of COVID-19 escalates, our focus has been on protecting our employees. Accordingly, we have taken advice from a variety of sources, which have led us to believe that it is best to continue with our programmes given the remoteness of operations and their ability to continue for the time being in isolation; with additional safety measures implemented, our employees may be safer on site than returning to areas of much higher population density. Naturally, we will continue to monitor the situation and change our plans immediately if appropriate."
** ENDS **
For further information, please visit http://www.coragold.com or contact:
Bert Monro / Jon Forster | Cora Gold Limited | +44 (0) 20 3239 0010 |
Ewan Leggat / Charlie Bouverat | SP Angel (Nomad & Joint Broker) | +44 (0) 20 3470 0470 |
Andy Thacker / Zoe Alexander | Turner Pope Investments (Joint Broker) | +44 (0) 20 3657 0050 |
Megan Dennison / Susie Geliher | St Brides Partners (Financial PR) | +44 (0) 20 7236 1177 |
Notes
Cora Gold is a gold exploration company focused on two world class gold regions in Mali and Senegal in West Africa. Historical exploration has resulted in the highly prospective Sanankoro Gold Discovery, in addition to multiple, high potential, drill ready gold targets within its broader portfolio. Cora's primary focus is on further developing Sanankoro in the Yanfolila Gold Belt (Southern Mali), which Cora believes has the potential for a standalone mine development. Sanankoro has a positive Scoping Study published on it showing an 84% IRR and US$30.9m NPV at a US$1,400 gold price. Cora's highly experienced management team has a proven track record in making multi-million-ounce gold discoveries, which have been developed into operating mines.
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