London-listed Cora Gold (AIM:CORA) said they are advancing exploration activities at the Sanankoro Gold Discovery in Southern Mali.
Located in the Yanfolila Gold Belt, the 5,000m drilling programme at the site will further investigate sulphide and deep oxide potential as well extend existing and potential new shallow oxide targets.
The company explained that two more rigs including an additional second reverse circulation (‘RC’) rig as well as a diamond core rig have commenced operations at the site.
These two rigs complement the already operating RC and rotary air blast rigs, bringing the total amount of operating rigs to four.
"This is an exciting time at Sanankoro with four rigs now scheduled to operate through to the end of the year,” said Chief Executive, Jonathan Forster.
“The objective is to selectively step out from a known resource area, as well as access more information on the sulphide potential,” he commented.
The DC rig is targeting extensions to known Resources at Zone B where access issues curtailed drilling in the last RC campaign.
He added, “The team is doing an excellent job on the ground and we are looking forward to receiving the assay results back in due course and updating shareholders on the results.”
Cora Gold's primary focus is on further developing the Sanankoro discovery which the company believes has the potential for a standalone mine development.
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