EXPLORATION & DEVELOPMENT

Cora Gold scoping study validates Sanankoro's economic potential

West-African focused Cora Gold has revealed a respectable gold oxide scoping study for its Sanankoro project on the Yanfolila gold belt in Mali. The London-listed junior said it would look to optimise the plan and define a strategy for ongoing drilling with the aim of expanding the oxide resource and better understanding the sulphide potential.

Cora Gold aiming to drill out more gold oxide resources to extend mine life at Sanankoro in Mali

Cora Gold aiming to drill out more gold oxide resources to extend mine life at Sanankoro in Mali

Sanankoro is estimated to yield a net present value of US$24.2 million (post-tax; 8% discount) and an internal rate of return of 73% using a base case gold price of $1,400 per ounce. Cora has scoped a...

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