Business
Lithium Project Update and Drilling to Commence
Lithium Project Update and Drilling to Commence.
About this update from Kodal Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 4136Y Kodal Minerals PLC 03 March 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\n03 March 2017\nKodal Minerals plc \n('Kodal' or 'the Company')\n \nBougouni Lithium Project Update and Drilling to Commence\n \nKodal Minerals plc, the mineral exploration and development company focussed on West Africa, is pleased to provide an update on the recently completed trenching and the upcoming drilling campaign at the Bougouni Lithium Project (\"Bougouni\") in Southern Mali.\n \nHighlights\n· New wide zones (>30m) of pegmatite veins with abundant spodumene mineralisation (the main lithium bearing mineral in most hard rock lithium deposits) defined by recently completed trenching programme;\n· A total of 14 trenches for 862m completed, targeting four prospect areas - assay results are awaited\n· Trenching targeted extensions to known high-grade lithium pegmatite veins with targets including:\no Sogola-Baoule prospect: pegmatite vein delineated by trenching of up to 31m wide with abundant spodumene - follows rock chip sampling of up to 1.89% Li2O;\no Boumou prospect: pegmatite veins identified in trenches up to 12m in width with abundant spodumene and was targeting veins identified in geological mapping;\no Orchard prospect: parallel pegmatite veins of up to 11m in width identified in trenches that were targeting surface samples of up to 2.04% Li2O;\n· Reverse Circulation drilling to commence in early March 2017, initially targeting the Ngoualana prospect where previous drilling confirmed wide, high-grade mineralisation of up to 28m at 1.84% Li2O;\n· Follow-up drilling planned for Ngoualana to target the strike extensions, test depth continuity and define the high grade mineralised zones;\n· Drilling will test the high priority targets identified from trenching and accelerate the Bougouni Lithium Project towards seeking a maiden resource estimation in 2017.\n \nBernard Aylward, CEO of Kodal Minerals, said: \"Our recent trenching programme conti...