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First Drilling Assays at Bougouni Lithium Project
First Drilling Assays at Bougouni Lithium Project.
About this update from Kodal Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 8101V Kodal Minerals PLC 02 February 2017 \n\nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (\"MAR\") \n \nKodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining\n2 February 2017\nKodal Minerals plc \n('Kodal' or 'the Company')\n \nFirst Drilling Assays at Bougouni Lithium Project\n \nKodal Minerals plc, the mineral exploration and development company focussed on West Africa, is pleased to announce the receipt of the first assay batches for the reverse circulation (\"RC\") drilling programme at the Bougouni lithium project, Southern Mali.\n \nHighlights\n· First drill hole at the Ngoualana prospect has returned 21m at 1.7% Li2O from 62m depth, including a high grade core of 12m at 1.81% Li2O from 69m\n· A further seven drill holes from Ngoualana are awaiting assay results, with drilling continuing to intersect a wide (up to 30m down hole) main pegmatite vein and multiple subsidiary and parallel veins\no A strike length of over 250m has been intersected in drilling and remains open along strike\n· Drilling at the Sogola prospect has confirmed high grade, near surface mineralisation and intersections include 3m at 1.92% Li2O from surface, including a maximum value of 2.94% Li2O\n· Results indicate that at Sogola the pegmatite has split into several narrow veins that remain open at depth and along strike\n· Drilling at the Kola prospect has confirmed the pegmatite veins and returned high grade assays up to 2m at 1.94% Li2O\n· Kola is a narrow, continuous pegmatite unit that remains open at depth and along strike\no Coarse spodumene has been noted in drilling and this closely relates to the assay results - assay results are pending for the additional two Kola drill holes\n \nBernard Aylward, CEO of Kodal Minerals, said: \"This first drilling intersection from Ngoualana is highly encouraging, with wide, high grade mineralisation intersected in drilling confirming our surface observations. We are eagerly awaiting the final assay results as our drilling continued to intersect a wide, coarse grained peg...