LONDON – Blenheim Natural Resources PLC said Monday that a survey has revealed a number of new lithium targets at the company’s investment interests in Mali, Africa.
The investment company said that the Regional Desktop Targeting Survey uncovered 15 priority target areas for lithium pegmatites across four prospect lithium permits covering 371 square kilometers. The Dieba, Nimissila, Djidje and Menianbala permits are located in the Bougouni region of Mali, in which the company holds an interest through its 30% stake in Nashwan Holdings Ltd and 40% holding in Mansa Lithium Inc.
The company highlighted that the permits were « contiguous with or near to » the Goulamina Lithium project where Birimian Ltd recently announced study results and the Bougouni Project where Kodal Minerals PLC is « undertaking further drilling to evaluate recent high-grade lithium discoveries. »
« The results recently announced by Kodal and Birimian have already shown that not only is this region of southern Mali highly prospective for pegmatite hosted lithium mineralisation but also that the Goulamina deposit is economically viable. » said Blenheim Chairman Chris Ells.
Ells also said that the company’s internal survey « clearly underlines the prospective nature of the licenses and represents a further step forward in building value in the project. »
« We believe that our assets have similar potential », Ells continued. « Indeed, with Chinese interest in both Birimian and Kodal, the region appears to be turning into a significant lithium province. With a follow up program due to commence immediately, we look forward to further updates in the months to come and hopefully before the end of 2017. »