Kodal Minerals says initial reconnaissance of the Bougouni lithium project has enhanced its view on the prospectivity of the area.
The Bougouni Project, comprising the recently acquired Kolassokoro and Medina licences, contains identified high-priority exploration targets within a 500 sq km contiguous land package.
- Field visit undertaken to the three key prospects within the Kolassokoro licence, the Kola, Ngouanala and Sogola prospects.
- At the Kola prospect, the visit identified a zone of outcropping pegmatite veining with a strike length exceeding 400m and a width in excess of 20m.
- Field reconnaissance has further identified parallel pegmatite veins not previously recognised, and extensions to the zone of interest.
- Previous investigation at the Kola prospect had returned anomalous lithium results up to 1.1% Li2O from very limited sampling.
- At the Ngouanala prospect the previously identified pegmatite vein was found to have a thickness in excess of 20m and strike length in excess of 300m.
- The field visit also identified further parallel and new zones of pegmatite veining at Ngouanala.
- The identification of new pegmatite veins at both the Kola and Ngouanala prospects is highly encouraging for the potential discovery of significant zones of lithium mineralisation.
- A programme of geological mapping and systematic rock chip sampling will commence immediately targeting the outcropping pegmatite veins and extensive zones of parallel and newly identified veins.
- Geological reconnaissance of the Sogola prospect is continuing. Previous sampling has returned lithium assay results in excess of 2.2% Li2O and these will be evaluated as part of the current mapping and sampling programme.
Chief executive Bernard Aylward said: "This initial reconnaissance of the Bougouni Lithium Project has enhanced our view on the prospectivity of the area. The previously identified pegmatite veins were confirmed, however the identification of significant strike extensions and newly identified parallel pegmatite units is very encouraging.
"The pegmatite veins were observed to be coarse grained with evidence of lithium bearing minerals observed in outcrop. Our geologists have commenced a programme of detailed mapping and systematic rock chip sampling to assist in the prioritisation of targets for an initial drilling programme planned for later in the year.
"The Bougouni project was acquired by Kodal in August and September this year after a review of the region identified the potential for significant lithium mineralisation. This reconnaissance continues to enhance that view and the Company is continuing to assess opportunities while working to advance rapidly the existing projects."
At 9:43am: (LON:KOD) Kodal Minerals share price was -0p at 0.15p