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Highlights:
- Cora Gold Ltd. reported promising multi-element analysis results from drilling at the Tambor gold anomaly in East Senegal, revealing strong potential for gold deposits.
- Advanced ICP-MS techniques analyzed 2,018 samples, indicating a link to an intrusion-related gold system (IRGS) known for large-scale deposits.
- Initial drilling results include a notable intersection of 10 meters containing 4.41 grams per ton of gold, with over half of the drill holes ending in mineralization, suggesting further exploration could uncover larger deposits.
Cora Gold Ltd. {LSE:CORA} has announced encouraging findings from its recent drilling campaign at the Tambor gold anomaly located in East Senegal. The reconnaissance program is part of the broader Madina Foulbé exploration permit, and the results indicate a significant potential for gold deposits in the region.
A comprehensive analysis of 2,018 samples was conducted using advanced Inductively Coupled Plasma Mass Spectrometry (ICP-MS) techniques. The analysis revealed that gold mineralization is associated with an intrusion-related gold system (IRGS), a geological setting recognized for its potential to host large-scale deposits.
Among the drilling results, one notable hole intersected 10 meters containing 4.41 grams per ton of gold at a depth of 41 meters. The strategic location of the Tambor gold anomaly, situated near several major gold deposits in the Kédougou-Kéniéba Inlier, further underscores the potential scale of the discovery.
Dr. Nick Oliver, a prominent consultant, played a key role in interpreting the data, which has led to the identification of 10 drill targets characterized by distinct geochemical signatures. Furthermore, more than half of the drilled holes concluded with mineralization, indicating that deeper drilling could potentially reveal even larger gold deposits.
Cora Gold aims to leverage these findings to prioritize future exploration initiatives and enhance its understanding of the site's overall potential. CEO Bert Monro remarked, "Given the size and geometry of the Tambor gold anomaly, coupled with the promising first-round drilling results, this analysis work has further enhanced our understanding of the significant gold mineralization spread out over a large area within the bedrock at Tambor." The positive developments highlight Cora Gold's commitment to exploring and maximizing the Tambor gold anomaly’s resource potential.
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