Kodal Minerals; Announces Final Assay Results For Its Bougouni Lithium Project

These results are expected by the company to be included in an updated mineral resource estimate due to be announced in February

Kodal Minerals has announced the final assay results from its November-December 2018 drill programme this morning. The drill programme was designed to expand and upgrade the initial JORC 2012 compliant mineral resource estimate of 17.3mt at a grade of 1.2% Li2O (announced on 5 September 2018) at its Bougouni Lithium Project, located in Southern Mali.

The initial mineral resource estimate came from three areas: Sogola-Baoule (60%); Ngoualana (27%); and Boumou (13%). The follow up drill programme focused on two of these areas.

At Sogola-Baoule, the drill programme was focused on infill drilling to fill gaps in the geological model and provide greater confidence in the mineral resource estimate, potentially increasing the category of the mineral resource estimate. As a result, substantial change to the size of the mineral resource estimate from this area is unlikely. 

Kodal completed 23 holes (4 diamond and 19 RC) totalling 3,808.3m during the programme at Sogola-Baoule. This programme appears to have been a success with assay results confirming the continuity of the spodumene mineralisation.

Kodal also recently completed a ground magnetic survey to increase its knowledge of the geology and structure of the Sogola-Baoule prospect. The interpretation of this work is ongoing and once completed will provide important insights that the company can use for planning its next drill programme.

At Boumou, the drill programme was focused on expanding the known area of mineralisation along strike to the north and south of the existing mineral resource estimate. If there is a substantial increase to the size of the projects mineral resource estimate, then it would be driven by the results from this area.

Kodal completed 12 holes (1 diamond and 11 RC) totalling 1,562.3m during the programme at Boumou. Assay results from this area have been positive with moderate to high-grades over significant intercepts including: 7.5m at 1.04% Li2O from 130m and 9.5m at 1.04% m Li2O from 142.8m (KLDH006);6m at 1.39% Li2O from 65.55m (KLDH007); 7m at 1.43% Li2O from 36.99m (KLDH008); 8m at 1.06% Li2O from 64m and 10m at 1.25% Li2O from 105m (KLDH143); and 11m at 1.32% Li2O from 114m (KLDH145).

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