Cora Gold Limited Appointment of Drilling Contractor for Sanankoro (7482T)
October 17 2017 - 2:00AM
UK Regulatory
TIDMCORA
RNS Number : 7482T
Cora Gold Limited
17 October 2017
Cora Gold Limited / EPIC: CORA.L / Market: AIM / Sector:
Mining
17 October 2017
Cora Gold Limited ("Cora Gold", "Cora" or "the Company")
Accelerated Appointment of Drilling Contractor for Sanankoro
Gold Discovery in Mali
Cora Gold Limited, the West African focused gold exploration
company, is pleased to announce that its wholly owned subsidiary,
Cora Gold Mali SARL, has today entered into a contract with Target
Drilling SARL ("Target") to supply aircore ("AC"), reverse
circulation ("RC") and diamond core drilling, focusing primarily on
its flagship Sanankoro Gold Discovery in South Mali ("Sanankoro" or
"the Project").
The drilling programme is expected to commence at the end of
November 2017 with a total of 15,000 metres, made up of AC, RC and
up to a further 1,000 metres of diamond core. The use of a
"multipurpose" drill rig provides flexibility, enabling the
geological team to switch from AC and RC, and to diamond core, as
and when required.
The programme will have a phased approach, allowing assay
results to be received and evaluated, before progressing to the
next stage. Drilling is expected to conclude towards the end of Q2
2018.
Target is a Mali based contractor, founded by Australians with a
focus on safety and productivity. It has operated drilling
campaigns for a number of international companies in Mali,
including mid-tier producer Resolute Resources.
Jon Forster, CEO of Cora Gold said, "I am delighted that we have
been able to progress the appointment of our drilling contractor
ahead of schedule and so rapidly after our Admission to AIM earlier
this month. Target Drilling has a track record of working in
partnership with exploration teams and we look forward to a
productive relationship. We are eager to commence exploration at
the exciting Sanankoro Gold Discovery as soon as is practical as we
believe it has the potential for a standalone mine
development."
** ENDS **
For further information, please visit http://www.coragold.com or
contact:
+44 (0) 20 3239
Jon Forster Cora Gold 0010
John Depasquale/Nick Allenby Capital (Nominated +44 (0) 20 3328
Harriss/ Liz Kirchner Adviser) 5656
Peter Krens/Nick Mirabaud Securities +44 (0) 20 3167
Orgill (Joint Broker) 7150
Beaufort Securities +44 (0) 20 7382
Jon Belliss (Joint Broker) 8300
Lottie Wadham/Susie St Brides Partners +44 (0) 20 7236
Geliher (Financial PR) 1177
Notes to the Editors
Cora Gold is a new gold exploration company focused on two world
class gold regions in Mali and Senegal in West Africa. Historical
exploration has resulted in the highly prospective Sanankoro Gold
Discovery, in addition to multiple, high potential, drill ready
gold targets within its broader portfolio. Cora Gold's primary
focus is on further developing Sanankoro in the Yanfolila Gold Belt
(South Mali), which Cora Gold believes has the potential for a
standalone mine development. Cora Gold's highly experienced and
successful management team has a proven track record in making
multi-million ounce gold discoveries which have been developed into
profitable mines.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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