StockMarketWire.com - Cora Gold has started a six-month drill programme commenced at its flagship Sanankoro gold discovery in southern Mali.

Highlights

- Multi-purpose drill rig mobilised and drilling commenced for the first phase of a 15,000m drill programme

- Targeting 3,000m of mixed aircore and reverse circulation drilling prior to year end

- Priority targets identified:

* Drilling will first target the 1.5km long "Target 1", located towards the north of Sanankoro and identified in part by shallow historical drilling which returned values including 6m at 2.7g/t Au, 3m at 5.9 g/t Au and 15m at 1.0 g/t Au

* Infill and confirmatory drill holes at Zones A and B, where the drill azimuth will be changed to the NW (rather than the historical E-W), to better test all quartz veins

- Testing Zones A and B for extensions along strike

- Entire drill programme to be completed during Q2 2018

Chief executive Dr Jonathan Forster said: 'We are very excited to have commenced the drilling programme at Sanankoro, building on Gold Fields' positive historical results from Zones A and B.

' The programme is designed, in the first instance, to further highlight the potential scale of Sanankoro which we believe could be a +1 million ounce standalone mining operation.

'The first phase of the campaign, to be completed by YE 2017, will focus on an initial target of 1.5km strike length, which lies within a broader target of >4km in length.

'In addition, we will be looking to both confirm and start extending the previous drilling at Zones A and B. I look forward to reporting on the progress of the drill programme and on further targets as we advance the 15,000m campaign.'




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