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Kodal Minerals Plc
Summary
| Project: | Bougouni | |
|---|---|---|
| Deposit: | Ngoualana | |
| Location: | Mali | |
| Commodities: | Lithium | |
| Date: | 7/25/2017 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-7-2017: Kodal Minerals Plc announces an Exploration/Drilling Update report for its Ngoualana deposit at the Bougouni project. Drilling results incl. 7m @ 1.52% Li2O from 79m. 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 announce the result of the final reverse circulation ("RC") drill hole from the 'Ngoualana' prospect, located at the Company's Bougouni lithium project in Southern Mali ("Bougouni" or the "Bougouni Project"). In addition, the Company is pleased to provide a brief update of on-going field and exploration activities. Kodal completed the major RC drilling programme at the Bougouni project in June 2017. The Company has released a series of market updates as drilling results have been received and is now reporting the final RC drill intersection results. The final assay results have been received for drill hole KLRC055 which returned an intersection of 7m at 1.52% Li2O from 79m depth*. This drill hole is located at the eastern end of the Ngoualana prospect and confirms the eastern extension and that the prospect remains open along strike and at depth. Further drilling is planned and is expected to re-commence after the end of the wet season in southern Mali. The drill core from the five diamond drill holes at Ngoualana is being processed, with core from the first holes submitted to the laboratory for analysis and for the remaining holes being cut onsite. In addition to the analysis for Li2O, samples are being selected for additional metallurgical testing. Kodal is maintaining its busy exploration programme, with work at the Bougouni Project currently involving preparation for a ground geophysical survey designed to test if the structures hosting the mineralised pegmatite veins can be detected and delineated to assist in future drill targeting. In addition, the Company is continuing with the metallurgical testing of the original samples sent to China to extend processing through to the production of a battery grade Lithium Carbonate to confirm the specifications of the product. Kodal also advises that it is continuing to work with major shareholder Suay Chin International Pte to ensure completion of its investment in the Company and the off-take agreement. | |
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