Update on Scoping Study

RNS Number : 2325X

Cora Gold Limited

18 December 2019

 

Cora Gold Limited / EPIC: CORA.L / Market: AIM / Sector: Mining

18 December 2019

Cora Gold Limited

Update on Scoping Study

Cora Gold Limited ('Cora Gold', 'Cora', or 'the Company'), the West African focused gold exploration company, announces an update regarding the initial Scoping Study on the Sanankoro Gold Project ('the Project' or 'Sanankoro') in Southern Mali.

The initial Scoping Study is being overseen by Wardell Armstrong International ('WAI') on Sanankoro to understand the project's potential to be a standalone oxide mining operation.  Accordingly, the various work streams have been completed and are currently under final review by WAI.  The Company therefore anticipates finalising the document and announcing the results of the Scoping Study in early January 2020. 

Jonathan Forster, CEO of Cora Gold, commented, "We remain confident that the initial Scoping Study will demonstrate Sanankoro's potential to be a profitable standalone oxide mining operation and look forward to announcing the results in early 2020."

In addition, further to the announcement of 5 December 2019 the Mineral Resource Estimate prepared by SRK Consulting (UK) Limited is now available on the Company's website here: www.coragold.com/category/company-reports

**ENDS**

For further information, please visit http://www.coragold.com or contact:

Jon Forster / Bert Monro	Cora Gold Limited	[phone]
Ewan Leggat / Charlie Bouverat	SP Angel (Nomad & Joint Broker)	[phone]
Andy Thacker / Zoe Alexander	Turner Pope Investments (Joint Broker)	[phone]
Isabel de Salis / Megan Dennison	St Brides Partners (Financial PR)	[phone]

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 (Southern 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.

 

END

 

 

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