StockMarketWire.com - Kodal Minerals said diamond core assay results have confirmed high-grade pegmatite intersections at Ngoualana prospect within the Bougouni lithium project in Mali.

It said that the final results for the five diamond drill holes for 362.1m of core had been received. Intersections include:

- 41.5m at 1.71% Li2O from 45.89m;

- 27.25m at 1.61% Li2O from 28.65m;

- 26.25m at 1.51% Li2O from 30.46m;

- 17m at 1.69% Li2O from 25.55m.

It said diamond core targeted shallow depths to confirm interpreted width and nature of mineralisation, and all holes returned mineralisation as expected.

The group said the Ngoualana prospect remained open at depth and along strike and further drilling was planned following cessation of the annual rains.

Chief executive Bernard Aylward said: "These diamond core drill results provide us with a high-level of confidence in the information captured from the earlier reverse circulation drilling, and continue to demonstrate the high-grade mineralisation and continuity of the Ngoualana prospect.

"We will continue with the metallurgical testing of the diamond core to improve our understanding of the characteristics of the mineralisation.

"We anticipate being able to extend this prospect when we recommence drilling following the rainy season.

"We are continuing with our field programme with our geological team at Bougouni preparing for the ground magnetic survey that may assist in delineating key structures and controls on mineralisation around the Ngoualana prospect, as well as planning for a very busy field season ahead.

"We are well funded and have strong support to maintain the rapid exploration and delineation programme."




At 8:23am: [LON:KOD] Kodal Minerals share price was -0.01p at 0.29p



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