West African gold company Cora Gold has began drilling in their flagship Sanankoro Project in Southern Mali.
Cora Gold, is focused on developing the Sanankoro Gold Project in Southern Mali’s Yanfolila Gold Belt, where Cora plans to start building an open pit oxide-focused gold mine in 2022.
The drilling has began as expected in Q1 of 2022, with an initial 7,500m drill programme.
In the MRE report released in November 2021, the company found 21.9m tonnes at 1.15 grams per tonne of gold.
The total mineral resource estimate (MRE) was 809.3 koz at 1.15 grams per tonne of gold.
With the drill programme, the gold miners are trying to enhance the MRE.
All deposits remain open at depth and along strike, allowing for significant expansion.
The results from the drilling will be released once the programme is completed. The expected date for completion for the drilling is Q2 2022.
Following the completion of all definitive feasibility study (DFS) field work in January 2022, work on the DFS is picking up pace, with the study scheduled to be finished in H1 2022.
Bert Monro, Chief Executive Officer, Cora Gold, commented, “We have multiple workstreams underway as we set our sights on delivering a definitive feasibility study in the coming months, alongside a resource expansion programme, which we believe will further enhance both the quantum and confidence levels of our MRE.”
“We have consistently demonstrated Sanankoro’s potential to become an open-pittable, free-digging oxide mine and work will accelerate throughout 2022 as we look to make this into reality.”
“We look forward to sharing updates from this drill programme over the coming weeks.”
