|
Cora Gold Ltd on Monday outlined a major drilling campaign at its Sanankoro gold project in southern Mali, targeting resource growth and mine-life extensions as it advances towards construction and first gold production. The West Africa-focused gold developer said it plans to complete more than 12,000 metres of reverse circulation and diamond drilling across four existing deposits and a number of greenfield targets during 2026. The programme is designed to expand Sanankoro’s current JORC-compliant mineral resource estimate of 1.04 million ounces at 1.04 grammes per tonne gold, extend the project’s planned 10.2-year mine life and support future production growth. Cora said around 40% of planned drilling will focus on zone B, which hosts a mineral resource estimate of 250,000 ounces and is considered to have significant growth potential due to limited deeper drilling and extensive strike length. A further 30% of drilling will target the Selin deposit, which contains 430,000 ounces of resources, while 25% will be directed at zones A and C. The remaining 5% will test greenfield targets. The company expects to publish an updated mineral resource estimate after the completion of the programme and receipt of assay results. Chief Executive Officer Bert Monro said the campaign forms part of a broader strategy to unlock the project’s long-term potential following financing secured earlier this year. ‘Our 2025 DFS demonstrated that Sanankoro is a robust, high-margin gold project with a 10-year mine life and compelling economics,’ Monro said. ‘As we move towards construction and production, the objective of this drill campaign is to expand beyond the initial mine plan to unlock the much larger long-term opportunity across the wider project area.’ Shares in Cora Gold were down 5.3% at 9.00 pence in London on Monday afternoon. Copyright 2026 Alliance News Ltd. All Rights Reserved.
|
