Cora Gold Limited (DI) (CORA)

Sector:

Mining

Index:

FTSE AIM All-Share

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9.25p
   
  • Change Today:
    -0.40p
  • 52 Week High: 17.75p
  • 52 Week Low: 9.00p
  • Currency: UK Pounds
  • Shares Issued: 55.06m
  • Volume: 82,747
  • Market Cap: £5.09m
  • RiskGrade: 271
  • Beta: 0.39

AIM newcomer Cora Gold enters drilling agreement with Target

By Josh White

Date: Tuesday 17 Oct 2017

LONDON (ShareCast) - (ShareCast News) - West Africa-focussed gold exploration company Cora Gold announced on Tuesday that its wholly-owned subsidiary Cora Gold Mali has entered into a contract with Target Drilling, to supply aircore, reverse circulation and diamond core drilling, focusing primarily on its flagship Sanankoro Gold Discovery in South Mali.
The AIM-traded firm said the drilling programme was expected to begin at the end of November with a total of 15,000 metres, made up of AC, RC and up to a further 1,000 metres of diamond core.

It said the use of a 'multipurpose' drill rig would provide flexibility, enabling the geological team to switch from AC and RC, and to diamond core, as and when required.

The programme would have a phased approach, Cora said, allowing assay results to be received and evaluated before progressing to the next stage.

Drilling was expected to complete towards the end of the second quarter of 2018.

"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," said Cora Gold CEO Jon Forster.

"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."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

CORA Market Data

Currency UK Pounds
Share Price 9.25p
Change Today -0.40p
% Change -4.15 %
52 Week High 17.75p
52 Week Low 9.00p
Volume 82,747
Shares Issued 55.06m
Market Cap £5.09m
Beta 0.39
RiskGrade 271

CORA Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
89.26% above the market average89.26% above the market average89.26% above the market average89.26% above the market average89.26% above the market average
95.00% above the sector average95.00% above the sector average95.00% above the sector average95.00% above the sector average95.00% above the sector average
Price Trend
65.63% below the market average65.63% below the market average65.63% below the market average65.63% below the market average65.63% below the market average
22.73% below the sector average22.73% below the sector average22.73% below the sector average22.73% below the sector average22.73% below the sector average
Income Not Available
Growth Not Available

CORA Dividends

No dividends found

Trades for 19-Oct-2018

Time Volume / Share Price
15:52 25 @ 9.00p
13:33 10,000 @ 9.00p
12:27 22,278 @ 9.00p
10:20 10,000 @ 9.68p
09:45 15,000 @ 9.70p

CORA Key Personnel

CEO Jonathan Forster

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