Announcement Date: 2021-11-16
Announcement Type: Deposit Estimation
Announcement Code: (no Code)
Company name: Cora Gold Ltd.
Project name: Sanankoro
Location: Mali
Commodities: Gold
Highlight: Updated Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Cora Gold Limited, the West African focused gold company, is pleased to announce an updated Mineral Resource Estimate (‘MRE’) prepared by CSA Global (UK) Ltd in accordance with The JORC Code (2012 Edition) for the Sanankoro Gold Project (‘Sanankoro’ or ‘the Project’) in Southern Mali. The updated MRE follows the recently completed ~43,000m drilling campaign at Sanankoro which focussed on Mineral Resource growth and upgrading existing Mineral Resources to higher confidence categories. The Company continues to focus on developing Sanankoro towards the construction of an open pit, oxide focussed, gold mine anticipated H2 2022. The Company drilled ~43,000 m during 2021 to enable this updated MRE to build on the maiden MRE of December 2019. Having received the final assay results in October (see RNS dated 22 October 2021) an updated JORC-compliant MRE delivers a pit constrained Mineral Resource of 809.3 koz at 1.15 g/t Au, comprising 540.6 koz @ 1.33 g/t Au Indicated plus 268.7 koz @ 0.90 g/t Au Inferred (Table 1).
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