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Birimian Ltd.
Summary
| Project: | Bougouni | |
|---|---|---|
| Deposit: | Goulamina | |
| Location: | Mali | |
| Commodities: | Lithium | |
| Date: | 3/8/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 8-3-2017: Birimian Ltd. announces an Exploration/Drilling Update report for its Goulamina deposit at the Bougouni project. Drilling results incl. 49m @ 1.47% Li2O from 23m. Birimian Limited (ASX:BGS; “Birimian” and “Company”) is pleased to announce additi | |
| Resources: | (Resource, I+I): 15.5Mt @ 1.48% Li2O for 229000t Li2O contained at Goulamina | |
| CP/QP: | [Overall Report]: Kevin Anthony Joyce (Internal) | |
| ABSTRACT: | Birimian Limited (ASX:BGS; “Birimian” and “Company”) is pleased to announce additional high grade drill results 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. In total, 90 holes for 11,483 metres of drilling have been completed in this phase of work and results so far indicate the program is achieving its aim. A revised Mineral Resource is anticipated later this month. The diamond rig has now mobilized to the Company’s Massigui Gold Project to commence testing high potential gold targets at Koting Prospect. These results, in addition to the exciting new discovery of a third mineralised trend at Sangar Zone (ASX: 27 February 2017), provide further encouragement for expanding the project resource base in the near term. Approximately 42 holes are pending return of assay results. These holes are largely from 25m spaced infill sections that increase data density to improve resource confidence and facilitate upgrading resource categories. Geological logging of these holes strongly supports the existing model; significant results will be reported as they come to hand. | |
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