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Further High-Grade Lithium Results, Mali
Further High-Grade Lithium Results, Mali.
About this update from Kodal Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 5811F Kodal Minerals PLC 22 February 2018 \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\n22 February 2018 \nKodal Minerals plc ('Kodal Minerals' or 'the Company')\n \nFurther High-Grade, Shallow Lithium Mineralisation at Ngoualana Prospect\nBougouni Project, Southern Mali\n \nKodal Minerals plc, the mineral exploration and development company focussed on West Africa, is pleased to provide an update on drilling progress at the Company's Bougouni Lithium Project in Southern Mali (\"Bougouni\" or the \"Project\"). Results from a further sixteen drill holes at the Ngoualana prospect, where drilling has successfully extended the prospect to the east, have continued to return high grade mineralisation. Assay results for a further nineteen drill holes at Ngoualana are pending.\n \nHighlights\n· Assay results at Ngoualana prospect continue to return high grade lithium mineralisation.\n· 16 drill holes completed with high grades of up to 1.75% Li2O targeting the infill and extension drilling of the main prospect as well as holes testing a southern target.\n· Multiple mineralised pegmatite intersections in drill holes and shallow depth intersections including:\no 18m at 1.75% Li2O;\no 20m at 1.71% Li2O;\no 17m at 1.63% Li2O;\no 18m at 1.54% Li2O;\n· Ngoualana strike length extended to over 850m and remains open along strike. Recent geological traverses have located pegmatite \"float\" extending beyond drilling.\n \nBernard Aylward, CEO of Kodal Minerals, said: \"We are delighted to see that the Ngoualana prospect continues to return strongly mineralised intersections and is defining continuity of shallow, high grade lithium mineralisation that is important for the economic development of the Project. The extension drilling continues to outline parallel and splay structures that also contain mineralised pegmatite bodies and it is exciting to see our exploration model advancing well as we intersect additional pegmatite bodies close to our existing prospects.\n \n\"Exploration drilling rec...