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High-grade lithium results from Ngoualana prospect
High-grade lithium results from Ngoualana prospect.
About this update from Kodal Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 6075F Kodal Minerals PLC 19 May 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\n19 May 2017 \nKodal Minerals plc ('Kodal Minerals' or 'the Company')\nWide, High-Grade Lithium Mineralisation at Ngoualana Prospect\nwithin Bougouni Lithium Project, Mali\n \nKodal Minerals plc, the mineral exploration and development company focussed on West Africa, is pleased to announce wide, high-grade lithium mineralised drill intersections from the 'Ngoualana Prospect', located at the Company's Bougouni lithium project in Southern Mali (\"Bougouni\" or the \"Bougouni Project\"). In addition, the Company is reporting final drill results for the first-pass drilling at the Orchard Prospect at Bougouni that has also returned significant lithium intersections.\n \nTo view a version of the announcement with maps showing the active exploration prospects, drill hole locations and pegmatite outcrops, click here\nhttp://www.rns-pdf.londonstockexchange.com/rns/6075F_-2017-5-18.pdf.\n \nHighlights\n· First batch of assay results received for the drilling at the Ngoualana prospect confirming wide, high-grade lithium mineralisation with individual assay results up to 3.12% Li2O and intersections including:\no 47m at 1.51% Li2O from 32m;\no 18m at 2.06% Li2O from 140m; \no 21m at 1.72% Li2O from 11m; and\no 18m at 1.69% Li2O from 37m\n· Ngoualana drilling consisted of 26 drill holes for 4,090m with assay results for seven drill holes returned to date\n· Ngoualana remains open along strike and at depth and further drilling is planned to continue to target the eastern extension of the pegmatite unit\n· Orchard prospect drilling consisted of four drill holes for 544m and results confirm high-grade lithium pegmatites with individual assay results of up to 2.57% Li2O and with multiple intersections reported for each drill hole including:\no 8m at 1.68% Li2O from 38m; \no 8m at 1.73% Li2O from 78m; and\no 6m at 1.61%Li2O from 55m\n· The drill rig is currently completing the follow-up drilling at the Sogola-Baoule...