Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.
Cora Gold (LON: CORA) shares are rallying on Wednesday after the company announced new surface gold discoveries from satellite imagery and surface prospecting programs at the Sanankoro Gold Project on the Yanfolila gold belt, Southern Mali.
The company said three new mineralised structures were identified. The first is a four-kilometre trend of new surface workings identified at the largest and highest-grade deposit in Selin, an eight-kilometre trend of surface workings placed West of C-Zone – Bokoro West Trend West on newly identified Bokoro Far West Trends, and a three-kilometre northeastern extension of Dako II Main discovery which includes a new prospect located on Dako II Far East trend.
Over 900 samples have been collected and panned for identifying the discoveries, with follow-up drilling planned during the first and second quarter of 2021.
“These new discoveries will be ordered and prioritised accordingly and fed into the drilling pipeline at Sanankoro. The fact the team on the ground is continually making new discoveries bolsters our confidence in the Sanankoro resources growing significantly over time with further drilling,” Bert Monroe CEO of Cora Gold said.
Cora’s stock price is trading at 9.15p up 14.38% from Tuesday's close.
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