EXPLORATION & DEVELOPMENT

Kodal intersects further lithium mineralisation at Bougouni

Additional results expected after further assay results returned

Staff reporter
Kodal has intercepted further lithium mineralisation at its Bougouni project

Kodal has intercepted further lithium mineralisation at its Bougouni project

At the project's Sogola-Baoule prospect, mineralisation continued to extend to the northeast, with intersections from a further seven drill holes including 10m at 1.02% Li2O from 114m; 14m at 1.66% Li2O from 127m; and 15m at 1.49% Li2O from 41m.

It is still waiting for the results of the remaining 15 drill holes completed.

At the Boumou prospect, multiple mineralised pegmatite intersections were returned, including 19m at 1.40% Li2O from 69m; 11m at 1.58% Li2O from 39m; 11m at 1.55% Li2O from 41m; and 15m at 1.46% Li2O from 45m.

Kodal said mineralisation at Boumou had defined over a 400m strike length in northern zone of prospect.

The company is awaiting a further 3,100 assay results to be returned from the lab, with additional results expected for the Bougouni South, Ngoualana and Sogola-Baoule prospects.

Kodal CEO Bernard Aylward said the assay results were confirming the company's geological interpretation and were positive for the economic potential of the area.

"The Sogola-Baoule prospect continues to return strong mineralisation, and the strike length of 1,400m is very encouraging for significant mineralisation to be defined here. This field season has allowed us to complete a large amount of drilling, with a focus on the Ngoualana, Sogola-Baoule and Boumou prospect to support our resource estimates," he said.

Aylward said Kodal was pushing for a rapid development of Bougouni and was planning diamond drilling in August at the Sogola-Baoule prospect to gain further metallurgical samples and continue definition of the prospect. 

At the same time, it would be undertaking the project's maiden resource estimate and conducting preliminary mining optimisation studies. 

Kodal's shares were up 1% Monday morning to 0.13p (US0.17c).

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