Kodal says surface geochemical sampling has returned four new gold anomalous zones with assay values up to 92 parts per billion Au and strike lengths exceeding 3.5km at its Korhogo project in northern Cote d'Ivoire.
A total of 640 geochemical samples were collected, with three rock chip samples and 34 QAQC (quality assurance and quality control) samples for a total of 677 samples dispatched to the SGS laboratories in Bamako, Mali.
Geological interpretation indicates anomalies are associated with in-situ material and geological structures are evident in aeromagnetic data and geological mapping.
Kodal says follow-up and infill geochemical sampling is required to define targets for reconnaissance aircore drilling.
Chief executive Bernard Aylward said: "This area of Cote d'Ivoire has been very under-explored and this exploration confirms our view on the potential of this area to contain gold mineralisation.
"Although exploration at Korhogo is still at an early stage, our sampling programme has now been completed targeting major geological features, areas of artisanal workings and identified shear zones. We are pleased to have defined four new gold anomalous zones as a result, and follow-up exploration is now required to define these zones and prioritise targets for first pass drilling.
"Our current exploration programme is designed to target our highly prospective Bougouni Lithium projects in Mali having recently raised £750,000 to rapidly advance the project towards JORC compliant status in the near term, however we will also continue to advance our prospective gold projects to unlock the upside potential and ensure we realise value for our shareholders and the exploration expenditure."