West African-focused gold company, Cora Gold (AIM:CORA) , told investors on Monday that it has commenced drilling at the highly prospective Madina Foulbé permit in eastern Senegal.
The AIM-listed exploration group has initiated a 2,000m reverse circulation drilling programme at the permit in order to test mineralisation at depth.
The group said it anticipates drilling to be completed in April 2020 with results expected in the second quarter of 2020.
So far, Cora has already identified two priority targets within the 260 sq km permit at the site which historically has seen over 50 million ounces of gold discovered.
Shares in Cora Gold were trading flat at 4.69p during Monday trading.
The results led Cora to identify Tambor, a prospect underlain by granite, and Madina, a prospect underlain by a shear zone between granites and volcanic rocks.
"Located in one of the most prolific gold regions in Africa, we are very excited to be drilling at Madina Foulbé,” said Bert Monro, CEO of Cora Gold.
Monro said that both historical and recent exploration results had given the team on ground “confidence ahead of undertaking the drilling campaign” which is the first time Cora has drilled the permit.
The group has also installed a solar hybrid to power the camp to reduce fuel consumption and CO2 emissions in an effort to lower its overall carbon footprint.
Further to the group's annoucement last Wednesday, Cora added that it remains aware of Covid-19 and that, at this time, it will continue to advance its exploration programmes by adapting operations accordingly.
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