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Cora Gold Limited - Update on Operations in Mali

RNS Number : 5961W
Cora Gold Limited
19 August 2020
 

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

19 August 2020

Cora Gold Limited ('Cora', 'Cora Gold' or 'the Company')

Update on Operations in Mali

 

Cora Gold Limited, the West African focused gold company, would like to advise shareholders that it is monitoring the situation in Mali following the resignation of President Ibrahim Boubacar Keita and the dissolution of the national assembly.

 

Operations at the Company's Sanankoro Gold Project in southern Mali are continuing as normal with no impact to the safety and security of its employees.  The safety of Cora's employees and contractors remains our upmost priority and the Company will continue to monitor the situation as it evolves and provide further updates as necessary.

 

**ENDS**

 

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

 

Bert Monro / Jon Forster

Cora Gold Limited

+44 (0) 20 3239 0010

Christopher Raggett / Charlie Beeson

finnCap Ltd

(Nomad & Joint Broker)

+44 (0) 20 7220 0500

Andy Thacker

Turner Pope Investments

(Joint Broker)

+44 (0) 20 3657 0050

Megan Dennison / Susie Geliher

St Brides Partners

(Financial PR)

+44 (0) 20 7236 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 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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