KODAL MINERALS OWNS 100% OF THE 345KM2 NANGALASSO PROJECT WHICH CONSISTS OF TWO CONCESSIONS, THE NANGALASSO AND SOTIAN CONCESSIONS, OVER WHICH KODAL HOLDS EXCLUSIVE ACCESS AND OPTION TO PURCHASE AGREEMENTS.
The project is located in Southern Mali, approximately 250km from the capital of Bamako and 30km to the west of the world-class Syama Gold mine operated by Resolute Mining Limited (RSG:ASX) which has a current resource of 7.6Moz.
Previous exploration at Nangalasso has consisted of surface geochemical sampling, auger geochemical drilling, trench sampling and wide-spaced reconnaissance aircore drilling. A large geochemical gold anomaly has been defined at Nangalasso and results from the reconnaissance drilling include 3m at 7.1g/t gold within a broader zone of 21m at 1.25g/t gold, 3m at 7.84g/t gold, 1m at 7.8g/t gold and broad anomalous zones from trench samples including 7m at 3.84g/t gold.
The trench sampling programme undertaken in mid-2016 consisted of five separate trench locations for a total of 264m.Trenches were dug to a depth of 2m below surface, and samples were collected on a 3m composite basis. This sampling is considered a surface geochemical test and provided information regarding the depth of transported cover, information on the geological structure and alteration as well as confirmation of the surface gold anomalism.
The trench sampling programme consisted of:
| Trench Number | Length | Maximum Assay returned |
|---|---|---|
| NNTR005 | 60m | 0.27g/t gold |
| NNTR006 | 60m | 0.14g/t gold |
| NNTR007 | 60m | 0.10g/t gold |
| NNTR008 | 60m | 0.06g/t gold |
| NNTR009 | 24m | 0.37g/t gold |
This programme has confirmed the widespread surface gold anomalism at Nangalasso. The identification of the strong alteration, quartz veining and shearing highlight targets of geological interest and the results from the very wide-spaced and reconnaissance drilling completed to date indicates that the surface gold anomalism does reflects the sub-surface gold mineralisation.