Kodal Minerals (KOD)

 

Kodal reports high grade samples at Bougouni

Kodal Minerals confirms further high grade rock chip results from the reconnaissance rock chip sampling at its lithium interests in southern Mali.

The sampling programme was undertaken in November and the results from the first samples were announced on 7 December with this current announcement covering the final 44 samples. The company also reports that the first pass reverse circulation drilling programme targeting three priority areas at the Bougouni lithium project has been completed. The drilling targeted the Sogola, Ngoualana and Kola veins. Highlights: - High-grade lithium mineralisation at Bougouni continues to be returned in rock chip samples.

- Assay results up to 2.03% Li2O (Lithium oxide) returned for sampling at a newly identified pegmatite vein located to the south of the Bougouni concession area.

- Rock-chip sampling confirms high grade lithium mineralisation at the Ngoualana (pronounced N-gwar-lana) prospect with assays up to 1.9% Li2O.

- RC drilling completed at Bougouni with a total of 18 drill holes for 1,323m.

- All samples for the drilling have been submitted for laboratory analysis and results are expected by the end of January 2017.

Chief executive Bernard Aylward said: "We have completed the initial reconnaissance drilling at Bougouni and are now eagerly awaiting the assay results. Our ongoing geological mapping and rock-chip sampling programme is continuing to return high-grade lithium samples and is defining new target zones. These results from our ongoing exploration programme highlight the prospectivity and value of our Bougouni project.

"Kodal has a busy exploration programme planned, with a focus on our Bougouni and Diendio lithium projects."