Cora Gold Ltd (AIM:CORA) shares moved up in Monday's deals after positive exploration results in Senegal.
The small-cap firm said exploration work at its Madina Foulbé project (including soil sampling, data reinterpretation, and reverse circulation drilling) has confirmed a large gold-rich system.
The Tambor target returned the strongest results, it said, with a best intersection of 10 metres at 4.41 grams per tonne gold. Meanwhile, other targets such as Tombolo South, Madina and Diombalou also showed significant gold-in-soil anomalies.
Around half of all holes drilled in the 2024 campaign at Tambor ended in mineralisation, and new zones of interest have been identified.
"Work at Madina Foulbé continues to show the promising potential of a large gold-rich system," said chief executive Bert Monro.
Murray Paterson, Cora's head of geology, added: "Tambor is the largest of the four, and now that we have established a clear link between the mafic lithologies and gold mineralisation... it is an extremely promising sign of what might lie at depth."
In London, Cora Gold shares climbed 5.6% changing hands at 9.5p, and in earlier trade reached as high as 10.5p.