Mali Lithium Ltd (ASX:MLL) has reported further positive results from the current phase of resource drilling at its flagship Goulamina Lithium Project in southern Mali.
Managing Director Chris Evans said the recently completed RC component of the latest round of drilling at Goulamina has returned additional wide, high-grade intersections from the Sangar I and II spodumene pegmatites, while a new spodumene pegmatite has also been intersected at the Bara prospect 1.2 km south of Danaya.
Best new results include 25m at 1.97% Li2O from 134m, 52m at 1.44% Li2O from 155m, 49m at 1.82% Li2O from 115m and 34m at 1.81% Li2O from 136m.
Mr Evans said that along with providing new information for updating the Mineral Resource and Ore Reserve, the current drilling programme is testing geophysical and structural hydrological targets within Goulamina and aiding in the completion of geotechnical testwork relating to the construction of the process plant and tailings storage facility.
“The recent drilling program is now complete and has yielded strong results,” Mr Evans said.
“The intersection of Li20 below the existing conceptual pit floor and outside the existing resource shell is particularly exciting and supports the company’s belief that substantial resource upside exists.
The discovery of spodumene-bearing wide pegmatite intersections at the Bara prospect also highlights the prospectivity of our tenement package.”
To date Mali has completed 41 RC holes for 7315m, with 830 assays received of 3220 submitted to date.
Mr Evans said the results so far have improved confidence in the Sangar l and Sangar ll interpretation and mineralisation.
