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Kodal Minerals Plc
Summary
| Project: | Bougouni | |
|---|---|---|
| Deposit: | Sogola-Baoule, Boumou | |
| Location: | Mali | |
| Commodities: | Lithium | |
| Date: | 5/3/2017 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-5-2017: Kodal Minerals Plc announces an Exploration/Drilling Update report for its Sogola-Baoule, Boumou deposit at the Bougouni project. Drilling results incl. 13m @ 1.44% Li2O from 111m. Kodal Minerals plc, the mineral exploration and development comp | |
| 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 further high-grade lithium mineralisation has been returned from the first-pass drilling at the new prospects "Sogola-Baoule" and "Boumou" at the Company's Bougouni Lithium Project in Southern Mali ("Bougouni" or the "Project"). Exploration drilling is continuing with the drill rig currently returned to begin immediate follow-up at Sogola-Baoule. Additional assay results are pending for the "Orchard" and "Ngouanala" prospects and will be reported to the market as soon as they become available. Bernard Aylward, CEO of Kodal Minerals, said: "These final assay results from the first pass drilling at the new Boumou and Sogola-Baoule prospects confirm additional zones of high grade mineralisation. Exploration drilling is continuing to target extensions along strike and at depth to define the size potential of the areas and demonstrate how these prospects will complement the more advanced Ngouanala prospect."We have now completed the second stage drilling at Ngouanala with drilling targeting an approximate 600m strike length, and testing to depth of greater than 150m. This programme is focussed on providing detailed information for the high-grade pegmatite vein previously identified with the aim of providing sufficient information to support a preliminary JORC compliant Mineral Resource estimate. Drilling has continued to confirm high-grade lithium mineralisation, and the prospect remains open in all directions. Assay results are pending for this latest phase, however it is anticipated we will return to the prospect to continue drilling strike extensions. We will also be planning diamond drilling to provide additional geological information on the structure and provide samples for detailed metallurgical and geotechnical test work." | |
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