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Cora confirms large-scale gold mineralisation potential at East Senegal’s Madina Foulbé

10 july 2024

Cora Gold Limited, the West African-focused gold company, has completed a reconnaissance reverse circulation (RC) drilling programme.

The Tambor gold anomaly is one of four key target drilling areas within the company's Madina Foulbé exploration permit within the Kenieba project area in east Senegal. The permit is near several tier 1 gold deposits located within the Mako Geological Belt of the Kédougou-Kéniéba Inlier (KKI).

"Up until this point, Madina Foulbé has been largely untested, so with six of our ten high-priority targets confirming gold mineralisation, we are pleased with the results received from what was a first pass reconnaissance programme,” said Cora chief executive Bert Monro.

“We have identified multiple broad zones with elevated gold and some economic intercepts, including 10 m at 4.41 g.t Au, with over half the holes ending in mineralisation from a shallow programme designed to test a wider area. This gives us good confidence that, with further exploration, we could define resources in the future.”

Cora completed a reconnaissance RC drilling programme at the Tambor gold anomaly in May 2024, one of four key target areas within the company's Madina Foulbé's exploration permit.

It said 40 shallow holes for 2,018 metres were drilled at 10 prospective targets within the large 3 km long and 1 km wide Tambor gold soil anomaly previously identified.

Only one of these targets has been drill tested as part of a brief RC programme that commenced in April 2020, said Cora.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished