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Kodal Minerals Plc
Summary
| Project: | Tiebissou | |
|---|---|---|
| Deposit: | Tiebissou | |
| Location: | Cote D'Ivoire | |
| Commodities: | Gold | |
| Date: | 11/7/2016 | |
| Report Code: | (other Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-11-2016: Kodal Minerals Plc announces an Exploration/Drilling Update report for its Tiebissou deposit at the Tiebissou project. Drilling results incl. 12m @ 0.34g/t Au from 4m. Kodal, the mineral exploration and development company with lithium and gold | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Bernard Aylward (Internal) | |
| ABSTRACT: | Kodal, the mineral exploration and development company with lithium and gold interests in West Africa, is pleased to provide an update of gold exploration activities and results received from its active joint ventures with Resolute Mining Limited ("Resolute" ASX:RSG) and Newcrest Mining Limited ("Newcrest" ASX:NCM) operating exploration concessions in Cote d'Ivoire. Bernard Aylward, CEO of Kodal Minerals, said: "Our joint venture agreements with highly respected mining and exploration companies Resolute and Newcrest continue to progress encouragingly. These active exploration programmes, which are being conducted and financed by our JV partners and generating positive results, are improving our confidence in the potential value across our gold interests in Cote d'Ivoire. The new, and enlarged, gold anomalous zones identified by geochemical sampling at Tiebissou and Nielle, highlight the potential for new discoveries in this under-explored region of West Africa. The on-going activity by Newcrest is also positive and we look forward to receiving results as soon as they are available. "Whilst work by our JV partners continues, Kodal's immediate focus remains the Bougouni Lithium Project in Mali. The Company is advancing planning for an initial 2,000 metre reverse circulation drill programme and it is expected this work will commence at Bougouni this month as we progress towards delivering a JORC Resource in the near-term." The joint venture between Resolute and Kodal covers three concessions in Cote d'Ivoire held by the Kodal subsidiary company Corvette CIV SARL. The concessions are the Tiebissou, Nielle and M'Bahaikro (application) located in central and northern Cote d'Ivoire and covering an area of approximately 1,100km2. | |
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