Cora Gold Limited (DI) (CORA)

Sector:

Mining

Index:

FTSE AIM All-Share

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5.34p
   
  • Change Today:
      0.34p
  • 52 Week High: 16.50
  • 52 Week Low: 2.85
  • Currency: UK Pounds
  • Shares Issued: 101.11m
  • Volume: 214,682
  • Market Cap: £5.40m
  • RiskGrade: 552
  • Beta: 0.04

Cora Gold posts decent drilling results from Sanankoro

By Josh White

Date: Tuesday 26 Feb 2019

LONDON (ShareCast) - (Sharecast News) - West Africa-focussed gold exploration company Cora Gold provided initial results from its recently-completed aircore (AC) and reverse circulation (RC) drill programme at the Sanankoro Gold Discovery in the Yanfolila Gold Belt, Southern Mali on Tuesday, where it said the focus had been outlining higher grade areas.
The AIM-traded firm said the drilling indicated continuation of broad zones of shallow, higher-grade mineralisation across the Zone A prospect, including eight metres at 3.17 grams per tonne of gold from 69 metres, 26 metres at 2.60 grams per tonne of gold from 71 metres, and 24 metres at 2.83 grams per tonne of gold from 56 metres.

It said the drill results from Zone A showed "good correlation" to historical drilling, and explained that the results would be utilised for the continued identification of higher-grade zones that could potentially become starter pits for future development.

A core hole was drilled to provide a composite oxide metallurgical sample for a preliminary metallurgical test work programme at the Wardell Armstrong International facility, Cora said, to assess the amenability for cyanide leach extraction of gold from oxide mineralisation.

Results from the infill aircore and reverse circulation drilling at the nearby Selin prospect were expected to be announced in the upcoming weeks, the board added.

"These initial results from our latest drill programme are particularly encouraging," said Cora chief executive officer Dr Jonathan Forster.

"The results reported from the Zone A prospect vindicate our strategy of focusing on oxide deposit areas that have the potential to become higher grade starter pits for a future development opportunity.

"The continuity of the widths, grades and near surface location of the gold mineralisation is potentially indicative of a zone that is in the 'sweet spot' with potential for future economic extraction; in particular given the very deep weathering that has resulted in oxidation to depths of 90m or more."

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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 5.34p
Change Today 0.34p
% Change 6.80 %
52 Week High 16.50
52 Week Low 2.85
Volume 214,682
Shares Issued 101.11m
Market Cap £5.40m
Beta 0.04
RiskGrade 552

CORA Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
63.49% above the market average63.49% above the market average63.49% above the market average63.49% above the market average63.49% above the market average
56.30% above the sector average56.30% above the sector average56.30% above the sector average56.30% above the sector average56.30% above the sector average
Price Trend
58.67% below the market average58.67% below the market average58.67% below the market average58.67% below the market average58.67% below the market average
19.69% below the sector average19.69% below the sector average19.69% below the sector average19.69% below the sector average19.69% below the sector average
Income Not Available
Growth Not Available

CORA Dividends

No dividends found

Trades for 22-Jul-2019

Time Volume / Share Price
11:00 511 @ 5.34p
10:30 30,000 @ 5.35p
10:21 10,153 @ 5.22p
09:16 10,000 @ 5.22p
09:09 383 @ 5.22p

CORA Key Personnel

CEO Jonathan Forster

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