Stock Market News
Cora Gold pleased with latest assay results at Sanankoro
West Africa-focussed gold exploration company Cora Gold issued further assay results from its Sanankoro Gold Discovery in southern Mali on Monday, reporting broad zones of shallow gold mineralisation in the weathered zone.
The AIM-traded firm said those included 34m at 2.5 g/t Au including 23m at 3.3 g/t Au; 63m at 0.9 g/t Au including 18m at 1.3 g/t Au hole ending in mineralisation; 19m at 1.2 g/t Au; and 9m at 1.0 g/t Au including 3m at 2.5 g/t Au.
It said confirmation core drilling in Zone A showed good correlation to historical drilling, with drilling north of Zone B further extending the mineralised strike at Sanankoro to more than five kilometres.
"The overall scale and quality of Sanankoro is remarkable," said CEO Dr Jonathan Forster.
"We have received consistently encouraging results from drilling at this project, with today's assay results from core drilling confirming previous work at the Zone A area of the project."
Dr Forster said it was "pleasing" to see confirmation of the higher grades that could be achieved in the types of heterogeneous quartz stockwork systems.
"In addition, our step out reconnaissance drilling north of Zone B continues to demonstrate the large-scale potential of the Sanankoro gold zone, which has now been extended to some 5.2km, and with every potential for it to continue to grow."
The AIM-traded firm said those included 34m at 2.5 g/t Au including 23m at 3.3 g/t Au; 63m at 0.9 g/t Au including 18m at 1.3 g/t Au hole ending in mineralisation; 19m at 1.2 g/t Au; and 9m at 1.0 g/t Au including 3m at 2.5 g/t Au.
It said confirmation core drilling in Zone A showed good correlation to historical drilling, with drilling north of Zone B further extending the mineralised strike at Sanankoro to more than five kilometres.
"The overall scale and quality of Sanankoro is remarkable," said CEO Dr Jonathan Forster.
"We have received consistently encouraging results from drilling at this project, with today's assay results from core drilling confirming previous work at the Zone A area of the project."
Dr Forster said it was "pleasing" to see confirmation of the higher grades that could be achieved in the types of heterogeneous quartz stockwork systems.
"In addition, our step out reconnaissance drilling north of Zone B continues to demonstrate the large-scale potential of the Sanankoro gold zone, which has now been extended to some 5.2km, and with every potential for it to continue to grow."
Related share prices |
---|
Cora Gold Limited (DI) (CORA) share price |
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price