StockMarketWire.com - Kodal Minerals said it was 'encouraged' by drilling at its Marigo and Mafele mines, which accounted pegmatite intersections highlighting the potential for further mineralisation to be defined.

Drilling at its Marigo mine targeted outcropping pegmatite veins; and intersected pegmatite in drill holes with a maximum intersection of 22m from shallow depth, the company said.

At its Mafele mine, drilling had intersected pegmatite with a 15m intersection recorded at shallow depth, the company added.

‘The reconnaissance drilling at our Mafele Concession is the maiden drill programme undertaken on this new concession and the targets have been identified by our geological mapping and geophysical surveys,’ said Bernard Aylward, CEO of Kodal Minerals.

‘ This initial drilling programme has been planned to test a wide range of geophysical and geological targets and our geologists are reporting that the initial drill holes confirm pegmatite veins beneath the transported cover.’

‘Once again, this is early stage exploration and we are waiting for assay results, however we are encouraged by the initial pegmatite intersections and we expect to continue drilling when results are received.’


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