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Kodal Minerals Plc
Summary
| Project: | Bougouni | |
|---|---|---|
| Deposit: | Ngoualana | |
| Location: | Mali | |
| Commodities: | Lithium | |
| Date: | 2/22/2018 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-2-2018: Kodal Minerals Plc announces an Exploration/Drilling Update report for its Ngoualana deposit at the Bougouni project. Drilling results incl. 20m @ 1.71% Li2O from 25m. Kodal Minerals plc, the mineral exploration and development company focussed | |
| 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 provide an update on drilling progress at the Company's Bougouni Lithium Project in Southern Mali ("Bougouni" or the "Project"). Results from a further sixteen drill holes at the Ngoualana prospect, where drilling has successfully extended the prospect to the east, have continued to return high grade mineralisation. Assay results for a further nineteen drill holes at Ngoualana are pending. Bernard Aylward, CEO of Kodal Minerals, said: "We are delighted to see that the Ngoualana prospect continues to return strongly mineralised intersections and is defining continuity of shallow, high grade lithium mineralisation that is important for the economic development of the Project. The extension drilling continues to outline parallel and splay structures that also contain mineralised pegmatite bodies and it is exciting to see our exploration model advancing well as we intersect additional pegmatite bodies close to our existing prospects. "Exploration drilling recommenced in January, which was initially focussed on new exploration targets located to the west of Ngoualana where outcropping pegmatite bodies have been identified. In addition, geological field traverses to the east of Ngoualana prospect have identified areas of possible pegmatite extension and these are currently being drilled. "Despite drilling being slower than anticipated as a result of some difficult ground following the wet season, we are happy to see conditions improve as we move to the next phase of drilling. We remain fully funded to continue with our work programme, and further assay results will be reported as soon as they become available." | |
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