For thousands of other reports visit RSC's Mineral Intellingence Map
Kodal Minerals Plc
Summary
| Project: | Nielle | |
|---|---|---|
| Deposit: | Nielle | |
| Location: | Cote D'Ivoire | |
| Commodities: | Gold | |
| Date: | 12/6/2018 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-12-2018: Kodal Minerals Plc announces an Exploration/Drilling Update report for its Nielle deposit at the Nielle project. Drilling results incl. 26m @ 1.95g/t Au from 32m. Kodal Minerals plc, the mineral exploration and development company focussed on W | |
| Resources: | x | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Kodal Minerals plc, the mineral exploration and development company focussed on West Africa, is pleased to provide an update on the Company's joint venture with Resolute Mining Limited ("Resolute") relating to three gold exploration licences located in central and northern Cote d'Ivoire (the "Licences") (the "Joint Venture"). Kodal currently holds a 100% interest in all three Licences, with Resolute, which is financing and managing the exploration programme, earning into a maximum 75% interest. Bernard Aylward, CEO of Kodal Minerals, said: "The Nielle prospect is located in the north of Cote d'Ivoire approximately 50km north of Randgold's Tongon gold mine. This is a highly prospective region with several exploration prospects returning significant gold mineralised zones. These new RC drill results highlight the potential to define a new zone of gold mineralisation within the under-explored Nielle concession and exploration is focussed on defining zones of high-grade mineralisation and extending the current footprint of anomalous gold mineralisation. "Resolute continues to operate the Joint Venture and has spent approximately US$1.35 million to date. The Nielle concession has been renewed during the year and Kodal is continuing to progress the M'Bahiakro prospect application. Resolute has indicated that it will continue the exploration programme to complete the minimum US$3 million expenditure required under the Joint Venture agreement. "Resolute is a leading gold development and production company with a long and successful history in West Africa; credentials which make them an ideal joint venture partner for us. Through this JV we ensure Kodal shareholders retain a minimum 25% interest in these early stage gold assets - guaranteeing exposure to future exploration and development upside. This structure also ensures that Kodal has the operational, management and financial flexibility to focus our resources on our aggressive development schedule at our flagship Bougouni Lithium Project in Mali, where we are confident we have the ability to translate rapidly the mineralised potential of this strategically important asset into shareholder value." | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report