LONDON (ShareCast) - (Sharecast News) - Mineral exploration and development company Kodal Minerals reported the receipt of final assay results for the drilling completed at its 450 square kilometre Bougouni Lithium Project in Southern Mali on Tuesday.
The AIM-traded firm said the announcement reported the final reverse circulation (RC) drill results from the Sogola-Baoule and Boumou prospects, completing the results from the drilling programme for November and December.

It said RC drilling at the Sogola-Baoule prospect returned further wide, high-grade mineralisation.

Intersections there included 31m at 1.33% lithium oxide from 85m in drill hole MDRC123, 27m at 1.06% lithium oxide from 92m in drill hole MDRC124, 30m at 1.06% lithium oxide from 210m, and 10m at 1.78% lithium oxide from 255m in drill hole MDRC128.

At the Boumou prospect, RC drilling returned additional mineralised intersections, including 11m at 1.32% lithium oxide from 114m, and 11m at 1.03% lithium oxide from 128m in drill hole KLRC145.

Kodal said the mineral resource estimate remained on schedule for announcement by the end of February.

"The final assay results for the Bougouni drilling programme, completed in November and December, reported today, highlight the excellent continuity and width of the pegmatite mineralisation at the Sogola-Baoule and Boumou prospects," said Kodal Minerals chief executive officer Bernard Aylward.

"These results will be incorporated into the geological and mineralisation model that will update our JORC mineral resource."

Aylward said the firm was continuing the fast track development of the Bougouni lithium project, and had recently met with both the Mali Minister of Mines and delegation to provide an update on the project.

"The first step is to complete the update of the JORC mineral resource as this will be utilised for the future mine design and scheduling.

"The company is also finalising the metallurgical testwork and the engineering design of the proposed processing plant."

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