Mali – Kodal Minerals Drill Results In Mali Confirm Pegmatite Vein Extensions #Lithium

2018/02/14 – Kodal Minerals PLC said Tuesday that drilling results confirm the Sogola-Baoule extension at the Bougouni lithium project, in southern Mali.

The AIM-listed, West Africa-focussed mineral exploration and development company said that the results from the final six holes of the ten tested at the Sogola-Baoule prospect confirm the extension of multiple pegmatite veins, with a strike length of at least 450 metres.

Kodal reported that significant intersections included 24 metres at 1.58% lithium oxide from 115 metres in drill hole MDRC026, 8 metres at 1.50% lithium oxide from 133 metres in hole MDRC025, and 13 metres at 1.17% lithium oxide from 101 metres in hole MDRC027.

The reverse circulation drilling programme consisted of ten holes for 1,263 metres which targeted the south-western extension of pegmatite bodies, and was designed to follow up a previous hole that showed promising results.

Kodal Chief Executive Bernard Aylward said that the initial geological mapping and surface sampling indicated multiple pegmatite veins in close proximity, confirmed by drilling with all holes returning multiple mineralised intersections. The geological interpretation shows continuous high-grade pegmatite bodies open along strike.

« These exploration drilling results, combined with the geological reconnaissance highlight multiple priority targets that continue to suggest a « Mining Hub » can be developed at Bougouni, and our campaign of drilling, metallurgy and bulk sample excavation will provide critical information for this scenario to be tested. We anticipate further newsflow over the coming months as exploration carries on at a rapid rate, » Aylward said.

Kodal shares were up 0.3% at 0.188 pence per share on Tuesday.

Source: Alliance NEWS

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