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Kodal Minerals Plc

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Summary

Project:

Bougouni, Sogola-Baoule

Deposit:Ngoualana, Sogola-Baoule
Location:Mali
Commodities:Lithium
Date:1/18/2018
Report Code:(no Code)
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:18-1-2018: Kodal Minerals Plc announces an Exploration/Drilling Update report for its Ngoualana, Sogola-Baoule deposit at the Bougouni, Sogola-Baoule project. Drilling results incl. 31m @ 1.61% Li2O from 65m. Kodal Minerals plc, the mineral exploration an
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 this update on drilling progress at the Company's Bougouni Lithium Project in Southern Mali ("Bougouni" or the "Project"). These initial results are from drilling completed as part of the major exploration campaign consisting of drilling, metallurgical testing and bulk sampling that the Company announced in October 2017. The exploration drilling campaign re-commenced at Bougouni in October 2017 with a total of 36 RC drill holes for 5,286m completed prior to the Christmas break. The drilling targeted two key prospects initially - the Ngoualana prospect and the Sogola-Baoule prospect. Drilling has been slower than anticipated as a result of some difficult ground conditions due to higher water table levels following the wet season, and increased travel time to some prospects due to high river levels. The drilling conditions are expected to improve in the next phase of drilling. At the Ngoualana prospect a total of 32 drill holes for 4,023m were completed with drilling focussed on shallow infill holes, strike extension holes and reconnaissance targeting of off-set structures and parallel pegmatite intrusions. Review of the drill holes indicates that the main pegmatite veins have been successfully extended along strike, and that the shallow infill drill holes are returning wide zones of pegmatite consistent with previous drilling. This information is providing Kodal with additional confidence in the geological model and improves the Company's targeting for ongoing drilling.

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