The Cora Gold Mineral Assets consist of eight gold properties, namely Sanankoro, Tagan- Siranikele, Tekeledougou, Farasaba III, Winza, Mokoyako-Karan and Diangounte in Mali, and the Madina Foulbe property in Senegal. Together they encompass a total area of 1,702.22 km2.
All the Cora Gold properties occur within a Paleoproterozoic (2.1-2.2 Ga) Birimian terrane that consists of metamorphosed volcanic and sedimentary rocks intruded by granitoid bodies. These volcano-sedimentary sequences, also known as greenstone belts, are established hosts for gold mineralisation that typically occurs within quartz veins and the adjacent wallrock.
Based upon the albeit un-verified historical exploration data and the field visit, the Sanankoro property appears to represent an exciting gold project that justifies further exploration. Given the size of the mineralised zone, Sanankoro has the potential to host a large-tonnage, lower-grade gold deposit. The other properties are also considered to be prospective and to have potential subject to systematic and successful exploration.
Cora Gold has planned an exploration programme that would principally focus on the development of Sanankoro gold discovery, but would also include exploration activities on its other properties.