JOHANNESBURG (miningweekly.com) – West Africa-focused Kodal Minerals on Tuesday said a due diligence by its strategic investor and proposed offtake partner, Suay Chin International, to support potential further investment in the company of up to £4.3-million, is now substantially complete.
Meanwhile, drilling at Kodal’s Bougouni lithium project, in Mali, continues with the objective of following up on the high-grade drill intersections returned at the Ngouanala prospect and to test the Sogola-Baoule, Boumou and Orchard prospects.
These new prospects have returned high-grade rock chip samples and, following completion of trench sampling, were prioritised for drill testing.
“Our drilling at the Bougouni lithium project has continued to demonstrate wide zones of pegmatite rock containing abundant spodumene mineralisation. The drilling at the Boumou, Orchard and Sogola-Baoule prospects has yielded positive results and new zones of high-grade mineralisation. All samples have been submitted to the laboratory for analysis and we are eager to receive the results of this drilling,” CEO Bernard Aylward said on Tuesday.
The drilling has confirmed pegmatite intersections over a total strike length of 450 m and to a maximum vertical depth of about 175 m. It remains open along strike and at depth.
“The initial review of drilling at the Ngouanala prospect is also indicating significant strike extensions and depth continuity to the mineralisation. The current drilling at Ngouanala is planned to provide sufficient data to confirm mineralisation, define strike and depth extensions, as well as highlight areas of high-grade mineralisation for future drill definition.”