Cora Gold Limited Appointment of Wardell Armstrong International (5532M)
January 09 2019 - 2:00AM
UK Regulatory
TIDMCORA
RNS Number : 5532M
Cora Gold Limited
09 January 2019
Cora Gold Limited / EPIC: CORA.L / Market: AIM / Sector:
Mining
9 January 2019
Cora Gold Limited ("Cora", "Cora Gold" or "the Company")
Appointment of Wardell Armstrong International to Undertake
Metallurgical Test Work
Cora Gold Limited, the West African focused gold exploration
company, is pleased to announce that it has appointed Wardell
Armstrong International ("WAI") as independent consultants to
undertake a preliminary metallurgical test work programme. The test
work programme has been designed to assess the amenability for
cyanide leach extraction of gold from oxide mineralisation at the
Company's Sanankoro Gold Discovery in southern Mali ("Sanankoro" or
"the Project") which has an Exploration Target of 1-2 million
ounces of gold with significant upside as independently determined
by consultants SRK Consulting (UK) Limited ("SRK") (see RNS dated
15 October 2018).
The test work, which will consider both cyanide-in-leach ("CIL")
and heap leach gold extraction technologies, will be conducted at
WAI's laboratory facilities in the United Kingdom and will use two
composite samples of approximately 80kg weight each that have been
recently collected from core holes drilled at the "Zone A" and
"Selin" prospect areas at Sanankoro. Results are expected during Q2
2019.
Jonathan Forster, Cora Gold's CEO, commented, "We are pleased to
appoint WAI as our independent consultants for this preliminary
metallurgical test work programme which is intended to provide
initial guidance on methodology for future potential gold
extraction at Sanankoro. This programme is running in parallel with
a drill programme, already underway, that is aimed at outlining
areas of higher grade that may present potential starter pits for
any future mining project. Indications from SRK's Exploration
Target Report that there is significant potential for oxide
mineralisation at Sanankoro has guided our exploration programme
which is currently focused on the exciting oxide potential at
Sanankoro. We are delighted to kick off the year with an active
work programme and I look forward to reporting the results of the
metallurgical test work targeted for Q2 2019, as well as drill
results as and when they become available."
**ENDS**
For further information, please visit http://www.coragold.com or
contact:
+44 (0) 20 3239
Jon Forster Cora Gold 0010
Ewan Leggat / Charlie SP Angel (Nomad & Joint +44 (0) 20 3470
Bouverat Broker) 0470
Peter Krens / Nick Mirabaud Securities +44 (0) 20 3167
Orgill (Joint Broker) 7150
Lottie Wadham / Gaby St Brides Partners (Financial +44 (0) 20 7236
Jenner PR) 1177
Notes to the Editors
Cora Gold is a gold exploration company focused on two world
class gold regions in Mali and Senegal in West Africa. Historical
exploration has resulted in the highly prospective Sanankoro Gold
Discovery, in addition to multiple, high potential, drill ready
gold targets within its broader portfolio. Cora Gold's primary
focus is on further developing Sanankoro in the Yanfolila Gold Belt
(South Mali), which Cora Gold believes has the potential for a
standalone mine development. Cora Gold's highly experienced and
successful management team has a proven track record in making
multi-million ounce gold discoveries which have been developed into
operating mines.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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