The final set of assay results from the drilling at Kodal Minerals PLC’s (LON:KOD) Bougouni lithium project continue to point to high-grade mineralisation.
The results are back from the lab from the four diamond drill holes at the Baoule and Ngoualana prospects, and the reverse circulation (RC) drilling results from the Sogola-Baoule and Boumou prospects.
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Highlights from the diamond drill holes include:
- 9.0 metres (m) at 1.27% lithium oxide (Li2O) from 36.65m in drill hole MDDH009
- 10.5m at 1.23% Li2O from 50.15m in drill hole MDDH009;
- 11.5m at 1.76% Li2O from 88.2m in drill hole MDDH009;
- 14.5m at 1.74% Li2O from 113.85m in drill hole KLDH015
Multiple mineralised intersections identified following the RC drilling at the Sogola-Baoule and Boumou prospect included:
- 28m at 1.33% Li2O from 76m in drill hole MDRC122;
- 10m at 1.25% Li2O from 105m in drill hole KLRC143;
- 11m at 1.32% Li2O from 114m in drill hole KLRC145
The final assay results are expected within the next two weeks with RC drill holes remaining for Sogola-Baoule and Boumou to report, Kodal said.
It won’t be long to wait now for the mineral resource estimate for Kodal’s Bougouni asset, with the release of the estimate still on track for release next month.
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“These drilling results reported today again highlight the continuity of mineralisation and confirm the geological model at all three of our advanced prospects that formed the basis of our Maiden Mineral Resource estimate of 17.3Mt at 1.20% Li2O announced on 5 September 2018,” said Bernard Aylward, the chief executive officer of Kodal Minerals.
“Indeed, the main aim of the drilling programme, completed in November and December 2018, was to continue to expand the defined mineralisation and also importantly provide confidence in our models as we look to update our JORC Mineral Resource estimate and the classification in the Indicated and Inferred categories.
"These results and updated mineral resource estimate are important components of our development programme. Our project manager Steve Zaninovich is on site at Bougouni this week continuing to work with our geological team as well as conducting site visits for engineering contractors to review the scope of work required for potential site infrastructure,” he added.