Kodal Minerals PLC (LON:KOD) has hit mineralisation in diamond drilling at the Sogola-Baole and Boumou prospects on the Bougouni project in southern Mali.
At Sogola-Baoule the company hit 30 metres of at 1.51% Li2O from a depth of 56.08 metres, 5.50 metres at 1.59% Li2O from a depth of 96.48 metres, and 16m at 1.85% Li2O from 94.35 metres.
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Meanwhile, diamond core drilling at Boumou intersected multiple pegmatite veins confirming and extending the geological model of mineralisation there.
"We continue to make solid progress with both drilling and development activities at Bougouni and have successfully added definition to the geological interpretation and extended the areas of known mineralisation at our key prospects at Sogola-Baoule and Boumou despite a very extensive wet season in West Africa,” said chief executive Bernard Aylward.
"We intend to re-commence diamond core drilling this week, followed by reverse circulation drilling next week and will maintain two rigs through to the Christmas break. We are expecting to be able to continue to expand our current resource base as we look to move rapidly to development.”
Kodal is also running an environmental review that will be fed into a broader environmental and social impact assessment.