- Cora Gold, the West African focused gold exploration company, said the first results from stage 1 of its on-going drilling programme at its Sanankoro project in southern Mali showed 'extremely' encouraging high-grade gold intercepts reported of up to 52.80 grams per tonne.

Stage 1 drilling gold assay results from broadly spaced, shallow, reconnaissance drilling at Target 1 confirmed the discovery of a new gold zone of at least 1,200m length with potential to increase to more than 3,000m, Cora Gold said.

Dr Jonathan Forster, CEO of Cora Gold said: 'This initial drill programme has delivered impressive grades of gold and has vindicated our strategy of stepping away from the known zones of gold mineralisation at Sanankoro to demonstrate the extensive gold endowment of the belt.'

'The results, which are shallow with broad zones of high grade mineralisation, provide great encouragement with respect to the mineralised potential of the over 15km of identified strike at Sanankoro.'

'We have numerous clear drill targets that are not yet tested by AC (air-core) or RC (reverse circulation) drilling which may have similar styles of gold mineralisation and, as a consequence, our belief in the 1 million-plus ounce potential of the project is enhanced.'

At 9:26am: [LON:CORA] Cora Gold Limited Ord Npv Di share price was +0.65p at 17.5p

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