Cora Gold Limited Farassaba III Permit Awarded (4982P)
February 18 2021 - 1:00AM
UK Regulatory
TIDMCORA
RNS Number : 4982P
Cora Gold Limited
18 February 2021
Cora Gold Limited / EPIC: CORA.L / Market: AIM / Sector:
Mining
18 February 2021
Cora Gold Limited ('Cora' or 'the Company')
Farassaba III Permit Awarded
Cora Gold Ltd, the West African focused gold company, is pleased
to report that the Farassaba III permit has been re-awarded, on the
12 February 2021, for a new nine-year term. The new permit, which
covers the same 93km(2) area of the expired permit, comprises part
of the +300km(2) group of four permits which are collectively known
as Cora's 'Yanfolila Project Area'. The Yanfolila Project Area is
located around the Yanfolila Gold Mine of Hummingbird Resources Plc
(AIM:HUM). The permits range between 8km-30km in distance from the
Yanfolila Gold Mine processing plant.
To view the RNS with illustrative maps and diagrams please use
the following link:
http://www.rns-pdf.londonstockexchange.com/rns/4982P_1-2021-2-17.pdf
Bert Monro, CEO of Cora Gold, commented, "Farassaba III is one
of four Cora permits that surround the operating 2Moz Yanfolila
Gold Mine. The permits range from only 8km from the processing
plant up to around 30km away so are within possible trucking
distances if economic discoveries are proven on the permits. Cora
has had some exciting drill results across this portfolio of
permits and looks forward to completing further exploration on the
ground during 2021."
Figure 1: Cora Gold Permit Areas within the Yanfolila Gold
Belt
Figure 2: Cora Gold Yanfolila Project Area Permits
Market Abuse Regulation ('MAR') Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
**ENDS**
For further information, please visit http://www.coragold.com or
contact:
+44 (0) 20 3239
Bert Monro / Norm Bailie Cora Gold Limited 0010
Christopher Raggett finnCap Ltd +44 (0) 20 7220
/ Charlie Beeson (Nomad & Joint Broker) 0500
Turner Pope Investments +44 (0) 20 3657
Andy Thacker / Zoe Alexander (Joint Broker) 0050
Megan Dennison / Susie St Brides Partners +44 (0) 20 7236
Geliher (Financial PR) 1177
Notes
Cora Gold is a gold 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's primary focus is on further
developing Sanankoro in the Yanfolila Gold Belt (Southern Mali),
which Cora believes has the potential for a standalone mine
development. Sanankoro has a positive Scoping Study published on it
showing an 107% IRR and US$41.5m NPV(8) at a US$1,500 gold price.
Cora's highly experienced management team has a proven track record
in making multi-million-ounce gold discoveries, which have been
developed into operating mines.
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END
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