Mali Lithium to commence gold drilling at Koting
Mali Lithium (ASX: MLL) has announced that the infill drilling program at its Koting prospect, located within the Massigui Project area in Mali, is scheduled to commence in mid October 2019.
The Massigui project area is located within the prolific gold producing Birimian Belt. The program will comprise 12 reverse cycle (RC) drill holes, with three holes to be drilled on each of four sections to infill and extend the currently known mineralisation at Koting, identified during earlier drilling campaigns.
The program is expected to take approximately two weeks to complete, with assay results expected to be available several weeks thereafter. Previous RC, aircore and diamond drilling at Koting indicate an East dipping mineralised zone that showed promising gold mineralisation.
The upcoming program will be conducted by Capital Drilling (which is underwriting $900,000 of Mali Lithium’s current entitlement issue) with new holes to be drilled from east to west with a dip of -60 degrees.
The Massigui Project area is conveniently situated approximately 20km from Barrick Gold’s Morilla Mine in Southern Mali. It was at Morilla where gold from the Company’s nearby Viper and N’tiola prospects was processed under the joint venture with Barrick Gold during 2018 and 2019.
Upon completion of the program at Koting the drill rigs will be moved to Goulamina to conduct infill and extension drilling on the existing Mineral Resource.
Commenting on the Koting drilling campaign, Mali Lithium Managing Director Chris Evans said: “Over the past year we have focused on advancing our highly prospective lithium assets at Goulamina.
“However, with the gold price sitting at an all-time high we are taking the opportunity to advance exploration on our tenements with known gold mineralisation, in parallel with progressing Goulamina.
“The Koting prospect is situated close to the Morila Mine making the logistics of this drill campaign relatively easy. In addition, it is then a fairly short move to Goulamina for the rigs to commence exploration and expansion drilling on our flagship Lithium project.”