Announcement Date: 2022-07-19
Announcement Type: Deposit Estimation
Announcement Code: JORC
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, a West African focused gold company, is pleased to provide an updated Mineral Resource estimate (‘MRE’) for the Company’s Sanankoro Gold Project (‘Sanankoro’ or the ‘Project’) in southern Mali. This MRE, updated after completion of the 2022 drill programme, builds on the previous MRE announced on 16 November 2021, with the Company predominantly focused on converting additional ounces (‘oz’) from Inferred to Indicated. The Mineral Resource is reported in accordance with the guidelines of the Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (2012 Edition). The Mineral Resource is classified into the Indicated and Inferred categories. Previous and ongoing study work has demonstrated that the Mineral Resource can be extracted by means of open pit mining and therefore meets the criteria required for Reasonable Prospects For Eventual Economic Extraction (‘RPEEE’). Page 1 of 18 (‘RPEEE’). The Mineral Resource is reported above a cut-off grade of 0.4 g/t Au and comprises of 24.9 Mt of material at a grade of 1.15 g/t Au (Table 1). Mineralisation below the reporting pit shells is not considered as Mineral Resource as it does not meet the criteria of RPEEE at the time of reporting.
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