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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Cora Gold Limited    CORA   VGG2423W1077

CORA GOLD LIMITED

(CORA)
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Cora Gold : Update re COVID-19

04/09/2020 | 05:03am EST
Regulatory Story
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Update re COVID-19
Released 10:00 09-Apr-2020



RNS Number : 3601J
Cora Gold Limited
09 April 2020

Cora Gold Limited / EPIC: CORA.L / Market: AIM / Sector: Mining

09 April 2020

Cora Gold Limited ('Cora Gold', 'Cora' or 'the Company')

Update re COVID-19

Cora Gold Limited, the West African focused gold company, provides an update to its response to the global COVID-19 outbreak. As previously outlined in the Company's announcement dated 25 March 2020, Cora regards the health and safety of its employees and contractors as its highest priority. In line with this, and following advice received from the Senegalese Government, Cora has suspended its current drill programme at the Madina Foulbé Permit (the 'Permit') in eastern Senegal.

The situation in the country continues to evolve, and the Board will continue to review its response to COVID-19 to ensure the wellbeing of its staff and the business is safeguarded. The Company looks forward to recommencing and completing its drill programme as soon as it is appropriate and practical to do so.

Cora commenced its planned c. 2,000m Reverse Circulation ('RC') drill programme on 30 March 2020 and to date 642m of the programme has been completed. All drilled samples from this programme are either in, or en route to the laboratory for assay analysis at this time and the Company looks forward to releasing these results when received in due course.

Field work continues in Mali at the Sanankoro Project Area in the Yanfolila Gold Belt, Southern Mali. Cora will continue to follow its strict protocols to reduce the risk of transmission of COVID-19 at the Company's operating field camps. The Company will continue to review this situation and will make further updates as appropriate.

** ENDS **

For further information, please visit http://www.coragold.comor contact:

Bert Monro / Jon Forster

Cora Gold Limited

+44 (0) 20 3239 0010

Ewan Leggat / Charlie Bouverat

SP Angel

(Nomad & Joint Broker)

+44 (0) 20 3470 0470

Andy Thacker / Zoe Alexander

Turner Pope Investments

(Joint Broker)

+44 (0) 20 3657 0050

Megan Dennison / Susie Geliher

St Brides Partners

(Financial PR)

+44 (0) 20 7236 1177

Notes

Cora Gold is a gold exploration company focused on two world class gold regions in Mali and Senegal in West Africa. Historical exploration has resulted in the highly prospective Sanankoro Gold Discovery, in addition to multiple, high potential, drill ready gold targets within its broader portfolio. Cora's primary focus is on further developing Sanankoro in the Yanfolila Gold Belt (Southern Mali), which Cora believes has the potential for a standalone mine development. Sanankoro has a positive Scoping Study published on it showing an 84% IRR and US$30.9m NPV at a US$1,400 gold price. Cora's highly experienced management team has a proven track record in making multi-million-ounce gold discoveries, which have been developed into operating mines.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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Update re COVID-19 - RNS

Disclaimer

Cora Gold Ltd. published this content on 09 April 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 April 2020 09:02:09 UTC


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Sales 2020 - - -
Net income 2020 -1,10 M - -
Net Debt 2020 3,90 M - -
P/E ratio 2020 -21,9x
Yield 2020 -
Capitalization 17,3 M 23,7 M -
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees 31
Free-Float 35,9%
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Mean consensus -
Number of Analysts 1
Average target price 19,00 GBX
Last Close Price 0,08 GBX
Spread / Highest target 22 519%
Spread / Average Target 22 519%
Spread / Lowest Target 22 519%
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Robert John Ewart Monro Chief Executive Officer & Director
Edward Colin Bowie Chairman
Craig M. J. Banfield Chief Financial Officer & Secretary
Paul Andrew Quirk Non-Executive Director
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