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Kodal Minerals Plc
Summary
| Project: | Bougouni | |
|---|---|---|
| Deposit: | Bougouni | |
| Location: | Mali | |
| Commodities: | Lithium | |
| Date: | 11/15/2018 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-11-2018: Kodal Minerals Plc announces an Exploration/Drilling Update report for its Bougouni deposit at the Bougouni project. Drilling results incl. 18m @ 1.35% Li2O from 74.75m. Kodal Minerals, the mineral exploration and development company focused o | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Bernard Aylward (Internal) | |
| ABSTRACT: | Kodal Minerals, the mineral exploration and development company focused on the Bougouni Lithium Project, is pleased to report assay results for the first two diamond drill holes completed during the wet season at the Sogola-Baoule ("Sogola-Baoule") and Boumou ("Boumou") prospects located on the Company's 450km2Bougouni Lithium Project in Southern Mali ("Bougouni"). Bernard Aylward, CEO of Kodal Minerals, said: "We continue to make solid progress with both drilling and development activities at Bougouni and have successfully added definition to the geological interpretation and extended the areas of known mineralisation at our key prospects at Sogola-Baoule and Boumou despite a very extensive wet season in West Africa."We intend to re-commence diamond core drilling this week, followed by reverse circulation drilling next week and will maintain two rigs through to the Christmas break. We are expecting to be able to continue to expand our current resource base as we look to move rapidly to development."Running in parallel to our drilling programme, we have been completing our wet-season environmental review including river ecology, local flora and fauna studies as well as water sampling and dust monitoring. This will be complemented by the dry-seasons studies and used to finalise our ESIA (Environmental and Social Impact Assessment) submission to the Mali government. In addition to the environmental studies we have also completed a site visit with our Independent Mineral Resource geologist to complete a review of site activities and support potential future upgrading of our Mineral Resource estimate." | |
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