Cora Gold Limited (DI) (CORA)

Sector:

Mining

Index:

FTSE AIM All-Share

9.50p
   
  • Change Today:
      0.35p
  • 52 Week High: 14.80
  • 52 Week Low: 4.25
  • Currency: UK Pounds
  • Shares Issued: 192.39m
  • Volume: 238,808
  • Market Cap: £18.28m
  • RiskGrade: 418

Cora Gold adds two more rigs to Sanankoro drilling programme

By Josh White

Date: Wednesday 11 Dec 2019

LONDON (ShareCast) - (Sharecast News) - West Africa-focussed gold exploration company Cora Gold updated the market on its exploration activities at the Sanankoro Gold Discovery in the Yanfolila Gold Belt of Southern Mali on Wednesday, reporting that it was advancing its 5,000 metre drilling programme to further investigate sulphide and deep oxide potential, and extend existing and potential new shallow oxide targets.
The AIM-traded firm said the second reverse circulation and diamond core rigs had started operating, explaining that the new rigs complemented its already-operating reverse circulation and rotary air blast rigs.

It said the diamond core rig was targeting extensions to known resources at 'zone B', where access issues curtailed drilling in the last reverse circulation campaign.

Work was targeting step-out holes to resources, as well as undrilled new targets, the board added.

"This is an exciting time at Sanankoro with four rigs now scheduled to operate through to the end of the year," said chief executive officer Jonathan Forster.

"The objective is to selectively step out from a known resource area, as well as access more information on the sulphide potential."

Forster said that at the same time, new targets were being subjected to an initial exploration drill programme.

"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."

At 1217 GMT, shares in Cora Gold were down 4.35% at 5.5p.

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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 9.50p
Change Today 0.35p
% Change 3.83 %
52 Week High 14.80
52 Week Low 4.25
Volume 238,808
Shares Issued 192.39m
Market Cap £18.28m
RiskGrade 418

CORA Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
0.35% above the market average0.35% above the market average0.35% above the market average0.35% above the market average0.35% above the market average
2.70% above the sector average2.70% above the sector average2.70% above the sector average2.70% above the sector average2.70% above the sector average
Price Trend
62.60% above the market average62.60% above the market average62.60% above the market average62.60% above the market average62.60% above the market average
20.97% above the sector average20.97% above the sector average20.97% above the sector average20.97% above the sector average20.97% above the sector average
Income Not Available
Growth Not Available

CORA Dividends

No dividends found

Trades for 24-Sep-2020

Time Volume / Share Price
08:21 2,500 @ 9.60p
08:20 51,755 @ 9.60p
08:07 54,995 @ 9.05p
08:07 6,292 @ 9.05p
08:07 16,256 @ 9.10p

CORA Key Personnel

CEO Robert Monro
Chair Ed Bowie

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