Cora Gold (CORA) started its drilling programme at the Sanankoro Gold project in Southern Mali on Tuesday.
The AIM-listed gold explorer aims to extend existing and potential new shallow oxide targets at the project, located in the Yanfolila Gold Belt, Mali.
The 5,000m drilling programme aims to investigate the sulphide and deep oxide potential at key prospects, and is expected to be completed during Q4 of 2019, the company said.
Shares were trading 2.67% lower at 5.475p during Tuesday morning trading
Cora Gold CEO, Jonathan Forster, said, "In what has been an excellent exploration year so far, with our objective of defining higher grade zones at Sanankoro having been met as well as good indicators now pointing to sulphide potential, we look forward to the final phase of exploration for 2019.”
He added: “With the objective of better understanding the potential beneath the base of the oxide mineralisation, and in addition starting to look to expansion of the oxide potential, we see the work as being likely to supplement the guidance on future development."
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