Kodal Minerals PLC (LON:KOD) Drilling Programme Commences

Exploration Drilling Programme Update, Bougouni Lithium Project, Mali

Kodal Minerals, the mineral exploration and development company focused on the Bougouni Lithium Project in Southern Mali (‘Bougouni’ or the ‘Project’), is pleased to provide this update on an exploration drilling programme underway at the Project. The drilling programme is a reconnaissance exploration drill programme focusing on the recently identified Marigo prospect in addition to a maiden drill programme at the Bougouni West Project testing initial targets within the Mafele Concession (Figure 1). To view the press release with the illustrative maps and diagrams, please follow this link: http://www.rns-pdf.londonstockexchange.com/rns/4571D_1-2019-6-26.pdf

Highlights:

· Marigo Prospect:

o Prospect tested by four wide spaced drill holes targeting outcropping pegmatite veins;

o Pegmatite intersected in drill holes with a maximum intersection of 22m from shallow depth;

o Drilling tested strike length exceeding 300m and geological mapping indicates pegmatites continue to East and West.

· Mafele Concession:

o Reconnaissance drilling targeting prospects identified in geological mapping and geophysical surveys;

o Programme ongoing with six drill holes completed to date;

o Pegmatite intersected in drill holes with a 15m intersection recorded at shallow depth;

o Drilling is wide spaced and testing various geological and geophysical targets.

· All results currently pending

Bernard Aylward, CEO of Kodal Minerals, remarked: “This update highlights our exploration programme that continues to test our highly prospective landholding while our main focus and priority is the completion of our ESIA and project development work. These drill holes at Marigo and Mafele highlight the potential for further pegmatite hosted mineralisation to be defined, however this is early stage work and we are reporting initial geological interpretation as we wait for assay results to be returned.

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“As stated, our priority is the finalisation of our engineering and development work that is progressing very positively with the finalisation of the technical reports for the ESIA and the very positive overall response to our Community Consultation meetings. We expect to lodge the ESIA application when we have reviewed and compiled all the technical reports and will be continuing with the mining and mineral processing assessment as we progress towards lodging our Mining Licence application.

“The reconnaissance drilling at our Mafele Concession is the maiden drill programme undertaken on this new concession and the targets have been identified by our geological mapping and geophysical surveys. This initial drilling programme has been planned to test a wide range of geophysical and geological targets and our geologists are reporting that the initial drill holes confirm pegmatite veins beneath the transported cover. Once again, this is early stage exploration and we are waiting for assay results, however we are encouraged by the initial pegmatite intersections and we expect to continue drilling when results are received.”

Full RNS update LINK 

For further information, please visit www.kodalminerals.com 

 


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