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Birimian Ltd.
Summary
| Project: | Bougouni | |
|---|---|---|
| Deposit: | Goulamina | |
| Location: | Mali | |
| Commodities: | Lithium | |
| Date: | 2/27/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-2-2017: Birimian Ltd. announces an Exploration/Drilling Update report for its Goulamina deposit at the Bougouni project. Drilling results incl. 36m @ 1.87% Li2O from 63m. Birimian Limited (ASX:BGS; “Birimian” and “Company”) is pleased to announce addit | |
| Resources: | (Resource, I+I): 15.5Mt @ 1.48% Li2O for 229kt Li2O contained at project | |
| CP/QP: | [Overall Report]: Kevin Joyce (Internal) | |
| ABSTRACT: | Birimian Limited (ASX:BGS; “Birimian” and “Company”) is pleased to announce additional results from the second phase drilling program at the Goulamina deposit within its 100%-owned Bougouni Lithium Project (“Project”), southern Mali (Figure 1). With a current Mineral Resource at Goulamina of 15.5 Mt @ 1.48 % Li2O, for 229,000 tonnes of contained Li2O, the deposit is among the highest grade lithium deposits of significant size globally. The aim of the current drilling program is to expand the existing resource and enable upgrades to resource classifications for detailed feasibility assessments. All RC drilling has now been completed and the drill rig is demobilizing from site. A single diamond rig remains on site undertaking drilling at West Zone, which is expected to be completed within the next week. RC drilling was initially prioritised to focus on testing strike extensions at the West Zone and at other exploration targets to the south of the deposit. The last phase of the RC drilling, which is now complete, comprised 25m spaced infill sections over the Main and West Zones. Diamond drilling continues to test depth extensions to mineralisation at the West Zone, which is expected to be completed shortly, with analytical results expected in coming weeks. On 30 January 2017, Birimian announced that the Scoping Study for the Bougouni Lithium Project had confirmed the outstanding potential of the Project, leading to the decision to commence a Pre‐Feasibility Study (PFS). Scoping Study results suggest that the Goulamina deposit will be amenable to low cost, open pit mining and staged processing plant development; benefiting from low mining strip ratios, high grade at surface mineralisation, and the low cost operating environment in Mali. | |
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