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Kodal Minerals Plc
Summary
| Project: | Bougouni | |
|---|---|---|
| Deposit: | Bougouni | |
| Location: | Mali | |
| Commodities: | Lithium | |
| Date: | 2/2/2017 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-2-2017: Kodal Minerals Plc announces an Exploration/Drilling Update report for its Bougouni deposit at the Bougouni project. Drilling results incl. 21.0m @ 1.70% Li2O from 62.0m. Kodal Minerals plc, the mineral exploration and development company focuss | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bernard Aylward (Internal) | |
| ABSTRACT: | Kodal Minerals plc, the mineral exploration and development company focussed on West Africa, is pleased to announce the receipt of the first assay batches for the reverse circulation (“RC”) drilling programme at the Bougouni lithium project, Southern Mali. Bernard Aylward, CEO of Kodal Minerals, said: “This first drilling intersection from Ngoualana is highly encouraging, with wide, high grade mineralisation intersected in drilling confirming our surface observations. We are eagerly awaiting the final assay results as our drilling continued to intersect a wide, coarse grained pegmatite body with high spodumene content. The Ngoualana prospect remains open along strike and at depth, and we will be returning to drill this prospect as soon as possible. “Kodal’s strategy is to build a major project within our Bougouni licence area that will be amenable to mining extracting from multiple sources. The initial drilling at Sogola and Kola has confirmed the high grade lithium mineralisation, however the pegmatite bodies are narrow and exploration will continue to assess these prospects as potential support for development of a significant zone at Ngoualana. “We have a busy exploration programme planned for the months ahead, with a focus on our lithium projects at Bougouni and Diendio. We expect to commence a follow up drilling programme in February 2017 and to advance the priority targets with the aim of establishing a maiden resource as soon as possible.” | |
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