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Cora Gold’s Madina Foulbé in Senegal is WhyAfrica’s Pick Of The Week

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Cora Gold’s Madina Foulbé in Senegal is WhyAfrica’s Pick Of The Week
The Madina Foulbé permit is approximately 27km directly west of the Sadiola Gold Mine and close to several other Tier 1 deposits (Loulo, Gounkoto, Fekola) in the gold belt known as Kédougou-Kéniéba Inlier (KKI). Image credit: Cora Gold from https://www.coragold.com/

Cora Gold’s Madina Foulbé in Senegal is WhyAfrica’s Pick Of The Week

Cora Gold completed 2,018m of RC drilling recently.

Cora Gold completed the 2,018m of RC drilling over 40 holes at Madina Foulbé in Senegal on schedule as planned.

Last week the company announced that it has completed the drilling phase of its exploration programme at the Madina Foulbé gold permit within the Kenieba Project Area in east Senegal.

The Madina Foulbé permit is approximately 27km directly west of the Sadiola Gold Mine and close to several other Tier 1 deposits (Loulo, Gounkoto, Fekola) in the gold belt known as Kédougou-Kéniéba Inlier (KKI).

Two operators within the KKI have recently been acquired, including Chesser Resources purchased by Fortuna Silver Mines in May 2023 for USD60-million (860koz @ 1.77 g/t Au) and Oklo Resources purchased by B2Gold in May 2022 for USD66-million (668koz @ 1.83 g/t Au).

Cora Gold’s Madina Foulbé in Senegal is WhyAfrica’s Pick Of The Week
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Drilling samples in laboratory  

According to Bert Monro, CEO of Cora Gold, there are five exploration targets within the Madina Foulbé permit.

“Tambor, Dalaoule and Tombolo South targets are located on the eastern side of the permit. All are proximal to the regional North-South trending structure cutting through the permit.

The Madina and Diombalou South targets straddle a large North – South structure on the Western side of the permit,” says Monro.

Monro says that all drilling samples are now at the laboratory for testing. Given the project’s proximity to several operating mines and strong geochemical soil samples received to date, we are excited for the development opportunity Madina Foulbé presents,” he adds.

Senegal remains stable

Despite challenges Senegal remains one of the most stable countries in Africa. The three political alternations since independence in 1960 have all been peaceful.

Earlier this year the country elected its fifth president in an election initially scheduled for the 25th of February but was eventually postponed to 24 March.

Bassirou Diomaye Faye, the opposition candidate, won the first round with a majority of votes. The new government must now navigate without a majority in parliament, which by law cannot be dissolved before August 2024.

Cora Gold’s Madina Foulbé in Senegal is WhyAfrica’s Pick Of The Week

Cora Gold’s Madina Foulbé in Senegal is WhyAfrica’s Pick Of The Week
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