Kodal Minerals has reported further wide, high-grade lithium mineralised drill intersections from the Ngoualana prospect at its Bougouni lithium project in southern Mali.
It said assay results continued to confirm consistent wide, high-grade lithium mineralisation with intersections including:
- 28m at 1.96% Li2O from 178m
- 24m at 1.73% Li2O from 37m
- 17m at 1.58% Li2O from 187m
- 16m at 1.82% Li2O from 156m
The group said a total of 33 reverse circulation drill holes for 4,802m and five diamond drill holes for 362.1m had been completed at Ngoualana and assay results were pending for 10 RC drill holes.
It said diamond drill core was being geologically logged and prepared for sampling and all the diamond core would be geotechnically logged and reviewed for detailed metallurgical test work.
Chief executive Bernard Aylward said: "These assay results continue to confirm the high-grade and consistent mineralisation of the Ngoualana pegmatite that currently remains open along strike and at depth.
"We have completed a programme of diamond drilling to provide the best quality geological information and we are extremely pleased to report that the diamond core confirms the width of the pegmatite intersected in the RC drilling and highlights the consistency of the vein.
"Furthermore, the multiple parallel and subsidiary veins are also demonstrating continuity of strike that will add to the potential for mining.
"In addition to this major drilling campaign, we have been undertaking metallurgical testing and a review of the logistics for mining in the Bougouni region.
"Our exploration is at an early stage, however we are ensuring that we are maintaining a very fast pace to move rapidly through the mining development phases.
"Kodal is well funded to maintain this aggressive exploration and development phase of the project and we are delighted with the support received from our major shareholder Suay Chin International Pte Ltd assisting in this focus on the Bougouni Lithium project."
At 8:07am: (LON:KOD) Kodal Minerals share price was +0.01p at 0.27p