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Bougouni Exploration & Extension Drilling Update
Bougouni Exploration & Extension Drilling Update.
About this update from Kodal Minerals Plc
[{"type":"text","content":"\n\nThe information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the UK Market Abuse Regulation.\n \nKodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining\n25 June 2024\nKodal Minerals plc\n(\"Kodal Minerals\", \"Kodal\" or the \"Company\")\n \nBougouni Lithium Project Exploration and Extension Drilling Update:\nInitial Boumou Assay Results Confirm Extension of Wide, High-Grade Mineralisation\nNgoualana Mine Construction Update\n \nKodal Minerals, the mineral exploration and development company, is pleased to provide an update on the initial drilling assay results returned at the Boumou prospect located within the Bougouni Lithium Project in Mali. The assay results are from reverse circulation (\"RC\") drill holes completed in April and May 2024 targeting the strike and depth extension of the new zones defined in the March 2023 RC drilling programme. These new zones were incorporated into the 14 November 2023 Mineral Resource estimate (MRE) for the prospect, which included 13.1 million tonnes (\"Mt\") at 1.04% of Li2O resource at the Boumou Prospect. \n \nThe results confirm further extensions to the Boumou prospect with wide, high-grade lithium mineralised intersections hosted by spodumene rich veins. Additional assay results for the RC drilling programme are pending, and diamond core drilling is continuing onsite to test the prospect further, with results expected in due course.\n \nHighlights:\n· Wide, high-grade extensions returned at the Boumou Prospect include:\no 52m at 1.51% Li2O from 175m in drill hole KLRC210;\no 66m at 1.26% Li2O from 72m,\nIncluding 20m at 1.74% Li2O from 87m, and\n 26m at 1.31% Li2O from 179m in drill hole KLRC211;\no 32m at 1.11% Li2O from 93m in drill hole KLRC212; and\no 22m at 1.08% Li2O from 169m in drill hole KLRC215\n· Total of 18 RC drill holes for 3,234m completed, with 2,129 samples submitted for assay. Intersections reported are for 10 drill holes and 1,200 assay results, representing approximately 60% of the 2024 drilling programme - further results expected in due course\n· Current drilling campaign has confirmed an ...